Starting an Online Business 101

By Thrivelearning institute Library

When you're setting up an online business, you must treat it as just that – a business.

So - what sort of business would you like to run?

The best place to begin is by picking what you like from the existing successful online business models already out there.

You must be prepared to put in the time and effort to reap the rewards. You must be prepared to invest some capital.

It's not rocket science - you simply offer what people are buying. You want to work in an area you like and you could talk about all day.

Make a note of what is selling well and formulate some questions that someone who is interested in this product might ask.

Owning and running your own online business is what will give you security and financial reward - as well as motivation to keep going when times are tough.

Millionaires today are mostly business owners. Their neighbors and friends respect their wealth. You can join this elite club.

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• Language: English
• Publisher: Lulu.com
• Release date: Jan 13, 2014
• ISBN: 9781304803368

Book preview

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Introduction

When you're setting up an online business, you must treat it as just that – a business. You must be prepared to put in the time and effort to reap the rewards. You must be prepared to invest some capital. You do not need to put in large amounts of cash, but you do want to have some working capital.

The best place to begin is by picking what you like from the existing successful online business models already out there. Talk to others who have already made money in the niche that you have chosen, and then study their techniques, implement their strategies and become successful.

So what sort of business would you like to run? Some of the more popular types of online businesses are: selling goods at auction sites such as Ebay, creating and selling digital products and setting up websites for offline businesses. You may want to make downloadable audio and video products for your customers, or you may just want to get into affiliate marketing.

If you choose to set up an Ebay store:

You have immediate access to millions of customers.

You have the opportunity to sell anything from cars to collectibles

Setting up an account on Ebay is straightforward, and the costs relating to auctioning items on this site are extremely low.

However, it is important that you familiarize yourself with the site. So take a look at the different categories and auctions that are already taking place. Also check