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How to start your own online business in a few easy steps

The internet is the biggest shopping centre in the world. Here consumers have access to all the products and services they could ever want. Setting up your very own online business can seem a bit daunting, but with the right attitude, product and/or service, as well knowing your market and competition, it can be as successful as you want it to be. Setting up your own online business, as well as your first trading year, is probably the most difficult period of time your newly fledged business will go through. This article is designed to simplify the start up process in to just a few steps.

Once your done, sit back, relax, order some french champagne at www.jimscellars.com.au and watch your business start growing.



Choose the Type of Online Business You Want to Start:

Selling your own skills, expertise, services and products is probably the best way to start, as it has a lower cost base than other start up types. After all, you are selling yourself, as apposed to other people’s products and services.



Research Your Market:

You will also need to identify the market that you wish to sell your products and services in to, and to help you with this it is advisable that you research your target market first. You may find it saturated, in which case have a good think about how else you can apply your skills and experience to other, less competitive marketplaces.



Develop a Business Plan:

Once you have identified your target market, as well as tailored your skills and experiences to get the most out of this opportunity, you will need to focus on creating a business plan. Your business plan will need to include the usual elements; executive summary, market analysis, organisational structure, marketing plan and available funding.



Consider Your Funding Options:

You have the idea, you have the skills and expertise, you have the target market, but how are you going to fund your online business? There are many different funding methods you could consider, and because you are planning an online business you will not be lumbered with massive overheads. You may want to consider loans, credit cards, savings or even ask friends and family to invest in to your business.



Be Above the Law:

Once you have all this in place, it is time to make it official. Your business will need a licence to trade. You can find out how to apply by searching online.



Get Online:

You maybe able to start on this process a bit earlier on, as it takes time and resource to correctly set up your online presence. You will need to find a hosting site, buy your domain and start to build your website. There are a number of companies out there that can do this for you. In this build or design phrase of your new website you will need to consider the build or design options available to you. You can either hire a website developer to do the work for you (cost) or you can do the majority of the work yourself by using an off the shelf package such as WordPress.

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Chirag Dodiya

I Conceptualize, Innovate and then work on Executing Amazing Startup Ideas with the help of a team and Entrepreneurs Network. I love building and rebuilding Products. Using creativity, ideas and magic, I build businesses.

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