If you’re ready to be in control of your own fate, but don’t have the resources to buy a franchise or open up a storefront, consider starting an online business, but you’ll ponder first on the question how to start my own online business?
How To Start My Own Online Business?
1. Setting Up Your Business
- Outline your product or service.Starting an online business gives you the advantage of having access to millions of customers, but you also have a lot more competition. No matter what you’re trying to sell, you can bet that hundreds more online retailers have a similar idea. What makes your product unique from other similar products? To help your product stand out from the rest, you’ll need to find a forte.
- Register your business.Your business needs to be registered according to your state’s laws. Choose an official business name and fill out the appropriate paperwork to make your business official.
- Register a domain name. Go for something short and catchy that will be easy for people to remember. Visit the website of a domain registration company and test out some of the names you’re interested in to determine whether they’re available. Once you got an interesting name, go ahead and register it.
- Get a web hosting service.There are free hosting services to be found, but if you’re serious about running an online business long term, consider paying for one that offers all the services you need. You’ll be less likely to run into problems when your business starts to take off.
2. Creating Your Online Store
- Create a trendy and functional website. Your online store style should reflect what you’re selling. No matter what your style is, it’s important to give off a professional air. Your site should be engaging, and most importantly, user-friendly.
- Get ecommerce software.You’ll need this so your customers can view your products, enter their information and make a secure purchase. The software safely stores customer information.
- Set up a merchant account.Using a service such as PayPal makes it possible to accept virtually any form of credit or debit card for your services.
3. Selling Your Services
- Add catchy content to your site.Focus on your key areas of expertise, and display them professionally. Include descriptions, where appropriate or necessary.
- Be social. Have a business account on Facebook, Twitter, and LinkedIn. If your business is graphically oriented, have accounts on Flickr and Tumblr as well. Update all your social media sites with your new posts. Also make sure those sites link back to your main website, and that your website has links to all of them.
- Become an associate marketer.There are many companies and webmasters who use affiliate programs to boost their online sales, and most of these affiliate programs are free to join.
- Add Google AdSenseadvertisements to your blog or website. Google’s AdSense is a revenue-sharing opportunity for small, medium and large web sites that places ads for goods and services that are relevant to the content of your site, targeted to the people who frequent your pages. In turn, you get paid a small amount when the ad is either displayed on your page, or clicked on.