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.
- 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!
- 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.
- 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.