Start an Online Business

In: Business and Management

Submitted By oxyphile
Words 1814
Pages 8
* Explain how an individual may start an online business?

As you know there are 10 steps to start an online business
Step 1 : Start with an Idea

Define your niche !!!! Which is more important than other steps .there are several question that you suppose to answer before getting started your business :

* What is my goal? * Where am I now? * How much money can I invest? * How many hours can I work? * What product can I sell? * How do I get traffic? * Should I go in for outsourcing? If so, how? * Who are my competitors? And how can I do better than them? * What are my skills? * What am I good at? * What do I love to do?

we have to make a good decision about what we want to sell .our own products or services ? other people’s products or services?
We need to find exactly what we need for our upcoming event, and find exactly what we want for our life
What do we love ? and what do we know?
Any hobby can be turned into a successful online business that makes money for us

Step 2 : Legal matters

We cannot get started without a business license. Even though we are starting an online business, we still must have a business license. We need local authorities to accept our business as a legal entity. we have to follow in our city, county, state, or country of residence.

Step 3 : Your domain name

We need a place to send our potential customer where our website will come into play so we need a website .
The first step to build a website is domain name.
Our domain name can be same as our business or a keyword related to our field and also short , easy to spell and memorable.
Keywords in the domain name help people identify the purpose of our website

Step 4 : Choosing Web hosting

It means storing a website on an internet server , registering the server with a…...

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