The Steps Involved in Setting Up Your Online Business

The Steps Involved in Setting Up Your Online Business

When you want to be in charge of your own business but do not have the money available to set up a physical shop or store, why not think about starting an online business?  Here are the steps you need to follow to begin this new life.

  1. Define your product/service: you will have access to many millions of customers (and also competition!).  It is important that you clearly know what your product is and how/why it is different from the others out there.  You need to find your special niche.  Take a look at your competitors and see what ISN’T being offered.  See if you can fill that gap!
  2. Register your business – you need to register your business for it to legally trade.  You might find it helpful to write a business plan before you register, making sure you understand all the costs involved.
  3. Register a domain name!  Choose something short and sweet which is easy to remember.  Visit a web domain registering website and see if any of the names you like are available.