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Is Ozbargain profitable enough for you to make a living?

Asked by:
Scott YangFounder at OzBargain.com.au
Yes. OzBargain (or rather, the company that runs OzBargain, Delvu Media Pty Ltd) is currently employing 4 full time staffs in Australia paying them proper wage.Edit: Someone on OzBargain asked what's the biggest income for OzBargain and whether there's any income source other than ads. The answer is -- yes it's all ads. Mostly from Google AdSense -- they fluctuate seasonally but generally stable. We also show affiliate links to non-logged in users (which they have option to opt-out). Affiliate commission however,Fluctuates too much for a community website with a stable trafficWorking with affiliate networks distracts us from our main goal which is building a community for the shoppers. It takes more time and requires us to form partnership with merchants, which can be undesirable sometimes.And that's all!
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Banking

How to Check and Manage Your Business Credit File

For years now small business owners have said one of, if not, the biggest challenge they face has... read more

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What are the features of business accounts for sole traders?

We are looking at business transaction accounts, and it seems that Bankwest's Business Zero... read more

From personal experience Rosella, be careful - while Bankwest do offer a "fee free" account, you will get hit with fees for almost everything else. Not to mention that they take a LONG time to get an account opened - they took just over 6 weeks for me. I have used it for one of my companies and I really regret doing so. CBA have a better offering... even though you pay $10 a month for the account, it ends up being cheaper in a lot of cases, particularly if you are transferring money overseas (via paypal for example) plus you get an automatic $500 overdraft... quite handy when you are starting out. As for Credit cards, direct debit and BPay - these are not managed by your bank account directly, these are from a Merchant facility. It also depends on whether you intend to have a physical shopfront or an online only one... Hope that helps...
Apurv Bhalla CPAAccountant at Success Tax Professionals in Parramatta
Hi Rosella,Most business accounts do allow you to export the statements and transactions in Excel/Qif files ect.For shopping carts and credit card payments directly usually you will hav eto get a merchant account linked to your business account and then linked to your website.Paypal payments can be recieved in any business account. This service is provided by Paypal.RegardsApurv Bhalla
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10 Ways a Bad Credit Score Can Hurt You

Log in with your social account: Or, you can log in or sign up using...read more

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Should You Sign Up For A Store's Credit Card?

Thinkstock Have you noticed how stores are pushing a lot more than just their usual merchandise...read more

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Small business tax concessions and mortgage offset account

Due to a recent court decision, small business owners are being urged to have a look at how their... read more

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Is it possible to use multiple trading names via the same company?

Is it possible to complete EFTPOS and online transactions with multiple names using the same... read more

Asked by:
Brent Hall CEO at HelloMedical
David SolomonOwner at Quiddity
It's an expensive and very time consuming process to set up multiple merchant accounts. My suggestion would be to advise people at the time of the transaction that the name on their statement will be XXXXXXX but that it is from you so not to worry. I've seen this done many times. e.g. "Please note that the name on your bank statement will be XXXXXX."
Ananda Raj PandeyOwner at GuestJet
As per the second part of the question, Most of the banks or merchant account provider  doesn't allow you use multiple trading name, with single merchant account. So most of the time you have to have multiple merchant account for different trading name to be appear on customer credit card statement. 
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