Wednesday, December 5, 2007

Five Steps To Starting An Online Business

Are you thinking about starting an online business? If so I have listed five steps to help get you on the right path. Starting an online business can be great way for you to create a living for yourself. Once you begin to start making money online you will never want to go back to whatever you are doing now. But do not think success will come over night, running an online business takes the same amount of work as any other business. If you apply yourself daily you will soon have set up a successful online business.

Step One. Find a Profitable Niche Market- Finding a profitable niche market is essential. You need to be sure people are interested in what you have to offer. Many individuals do not do their research and then end up wondering why no one is buying what they have to offer. This is the most important step before starting an online business. Once you find a niche market you can make money in you are well on your way.

Step Two. Create a Business Plan- Just because you are trying to start an online business does not mean you do not need a business plan. Your business plan should include what the purpose of your online business is and how you intend to make your business grow.

Step Three. Decide on How You Will Handle the Technical Aspects of Running An Online Business-
Running a business online requires you or someone you know to handle the technical parts of an online business. If you are not a technical person then you will have to hire someone to handle the technical aspects for you. Some of the technical aspects of running an online business are building a website, handling your website hosting, and setting up domain names.

Step Four. Decide on How You Handle Your Customer's Payment- If you are selling affiliate programs then this will not be a problem for you since the affiliate program will handle payment for you. If you are selling your own product then you will have to setup your own payment processor.

Step Five. Create a Marketing Plan- How will you get new customers to your online business? This is where your marketing plan comes into play. A marketing plan is vital in order to make your online business run. Without a marketing plan your online business will not go anywhere.

Starting an online business is an excellent way for you to become financially independent. Never before has such a great opportunity been available to the average person. Starting an online business will take work but the rewards are worth it.



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Victoria Cullen said...

I'm going to keep this post in mind since I plan on running my own business soon. I can use all the help and advice I can let. Lately I've been thinking about buying a business instead of starting one from scratch. I haven't decided entirely yet, because I'm not sure what type... a franchise? Something home-based? I don't know. Anyway, do you, or anyone else, have any suggestions or advice? Thanks!

Kim Archer said...

@Victoria -- Yeah, running a business will be a bit challenging regardless if you start from scratch or buy a business. If you do want to buy a business though, there are a lot of resources available for you to use. There's one website called It's this online global marketplace where you can buy or sell a business. You can also use it to find a lender, broker, etc.

I also suggest checking out books and magazines. They can provide up-to-date information and tips. And it might be beneficial to join a small business group in your area.

Good luck!