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How to Start an Online Business

from wikiHow - The How to Manual That You Can Edit
An online business is a business that is run via the internet. These businesses may include retailing, outsourcing of services, reselling of items and others. Finding an online business that you can make money from may require you to create a website that advertises your business and items, registering yourself on certain websites or forums where you can advertise your services and finding clients from the rather huge world of the internet.

Contents

Steps

Choose Your Focus
  1. Identify your area of expertise. Do you have any information that others will benefit from?
  2. Write down some keywords that you will be using on your website and check out the demand for your keywords using the Overture tool of Yahoo.
  3. Use to determine the Google supply(the number of websites that are built around those keywords) for your keywords.
  4. Determine profitability of your keywords using the formula 'Demand number/Supply number'.
  5. There are a lot of businesses you can start on the internet and the first thing you should establish is what kind of business you think you can successfully run. There are outsourcing businesses that offer manpower for a whole lot of online jobs, like writing jobs, research jobs, accounting jobs and other web site related work. If you are a programmer who specializes in optimizing websites, an SEO business could be your online business of choice.
  6. Knowing what you can easily offer people online and what business you can successfully run and make money out of is the first step in running an online business. After determining this, you will need to come up with a plan for the execution of your business idea. You may start with hiring a programmer to create your website for you or you can create your own website if you are capable of doing so. You will also need to find hosting for your website as well as to register your domain name. If your site requires additional manpower, you may need to look for the people who will be working with and for you, like for those businesses that offer outsourced workers. You cannot put up a site that offers outsourced work and workers without the people who are capable of doing the services you are advertising. You will also need to establish a way for your future clients to communicate with you. While you can use a free email provider for this, it would be more professional for you to have an email connected with your domain or website.
Create an Online Presence
  1. Build a content website for your profitable keywords which overdelivers to the user that you are targeting. Remember an Internet user is looking for information and not sales talk. So use your content to show her your expertise in your area. Write your content in such a way that your user stays and browses through your site instead of hitting the 'back' button. Talk to your user through your content and pre-sell to them the product you want to sell - information/product/your offline business etc. Pre-selling using content builds confidence in your user.
  2. Build traffic to your website using simple free-to-use tools.
  3. Monetize your site. Use Google Adsense and/or Yahoo Publisher Network on your site to monetze. Follow some easy to follow tips given by google for posting adsense ads on your site, that will make you money.
Finance your Endeavor
  1. Research and select an online payment processing service so that you can provide your customers with a wide array of payment options, such as credit card,e-wallets PayPal, or even bank transfers.
  2. Use other ways of monetizing as well if you are not an entrepreneur.
Miscellaneous
  1. Find a mentor, the person who has a good success system to follow!
  2. Find a direct sales model. It's the fastest way to break-even.

Tips

  • Find a business system that has been proven successful.
  • A thing that needs to be ironed out for your online business is your billing service. While there are businesses that may bill their clients directly after a contract has been agreed upon and signed and these bills are paid for through checks that are deposited into the service provider's bank account, there are some clients who require a certain online billing system for them to pay for the services they have contracted. You may need to register with a billing system like Paypal for your online business to make billing and payment easier and less of a hassle to you and your clients.
  • Putting up an online business may be easy or hard, depending upon whether you did your research well and laid down all the groundwork before you began. You can make money out of an online business if you execute the necessary steps and do not miss out on some of the essentials that are needed for an online business to succeed.

Warnings

  • Watch out for website hosting and building services that do not handhold you through the process of building an e-commerce website.
  • Keep in mind that it is a business. Learn from your failures but also the success of others. Be a willing and eager student.
  • Never give out your money to anyone to show you how to make money. Please be very cautious before spending a penny.

Things You'll Need

  • A Website with a domain name that you can acquire from a website hosting service.
  • A good training system to follow with step by step details.
  • It is much more profitable to outsource when you are beginning to start an internet business. This will insure that you have experts doing the work for you instead of you trying to figure it all out.

Slickdrums insertion:

These are just tips of the iceberg. Starting Your Online Business IS NO piece of cake. The really the best way to get help from true blue successful Internet Entrepreneurs.

Many are Internet Millionaires who are the Industry's Who's Who and are credible people with vast experience & knowledge to help with you the complete know how (for example,  Maverick Wealth Wave™ is a site dedicated to helping the little guys to start right, without burning thru the wallet!)

Related wikiHows

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Start an Online Business. All content on wikiHow can be shared under a Creative Commons license.

 

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