1. Find Product / Service :
Before deciding to start a business, you need to do some researches to decide if such product/service is needed. In other words, is there a good amount of demands for that, so that your future business can profit from.
For any product or service, there is always competition. You need to start thinking what make your product/service differentiate from everyone else’s. In other words, can potential prospects find values in your product or service that are superior than your competitors?
2.Domain name :
Choose Domain Name. Make it descriptive. If your business has a geographical target then choose the best known domain extension (.com, .in, .net,.org etc.)
3. Setup a Website :
Now, in order to operate a business online, you need to have a website. Otherwise, it will not be called as an online business. First step is to choose a web hosting company to host your website.
Hostinger is the highly recommended one, and it offers a free domain & SSL.
If you know how to build a website, you can go ahead and start building it. However, if you don’t know anything about it. You can hire us to build one for you.
4. Be Part of Social Media :
Social Media has been and will continue to be a huge part of internet marketing. A business will not go far without the online social presence.
It is easy to setup social media accounts. The difficult part is managing them. There is no doubt that social media management is time consuming. Also, each social media has its own best practices, and mastering them can take a long time and difficult.
5. Advertising :
Advertising is a big part of building a successful business. A company without a marketing department is doomed to fail. That is why a lot of big companies spend millions of dollars each year to do tv ads, Superbowl ads, etc.
Of course, a small business usually doesn’t have a deep pocket. However, instead of focusing on nation wide, try to focus on locally first; start with your local newspaper, and see it works out, and if that works, try to scale it up.