How to Start an Online Business
There are several startup guides for entrepreneurs wanting to start off online. But if you really sift through them, surprisingly, not many will really address the basic questions that actually bog the young online business beginner. I am sure, if you are a beginner, you have many questions, just as them, but all your googling might have only satisfied you partly. Those petty basic questions are left out of e-books and these are exactly the things you want to know more about.
Unanswered Basic Questions of Online Business Beginners
For a savvy business person reading this article, the questions might appear pretty silly; but don’t make a mistake, these are actually raised by youngsters hoping to step into the world of online business. The questions are asked by persons who don’t know of a thing, persons who have done a little bit of research online but are still undecided; but all of them have a common dream of making it online.
1. What online business can I start? (Similar questions include: I want to start an online business, can someone suggest ideas? Is dating website a saturated niche?) These are young things that are sucked by those bombastic one-page websites screaming about how anyone can make a million dollars every month. I would rather suggest them to identify their interest areas; perhaps in consultation with their relatives and friends, analyze their skills and suitability and finally the longevity of the idea itself for the next 20-25 years. The longevity is critical even if your business was to explode and be able to make big money in a short while and you can afford to sell/close it down. Any business niche must have a proven market base, either existing or capable of being cultivated, the amount of initial and recurring investment needed, the time it takes to break even must be considered before you decide on a line of business as a teenager.
2. How can I start an online business that is cheap and easy to run without any hard work and gives money? This aspiration is against the very definition and spirit emphasized by the word ‘Business’ and doesn’t exist at all. If you aren’t prepared to slog out consistently for years, probably, you can give up your business ambitions and take up a high paying employment. But mind you, a high paying job is only slightly different from own business in terms of work volume meaning that you can’t relax on the job there too.
3. I already have a website. I want somebody to advice me how to start an online business. This is a peculiar question that drives you crazy the first time over. But look at that asker; she/he may not be net savvy, let alone being a person with business acumen. Man, you need to have a polished business concept with clearly defined revenue streams. Your business niche must have proven its potential unless you are creating something new. This question rather sounds similar to the first one and my answer to this asker is to have the website only after prerequisites are set in place. When you are ready for a website, a whole new lot of questions pose for answer so it can’t be the reverse way as you did.
4. Trying to start an online business; how do I get my domain onto sites like eBay or yahoo for more people to see? Well, you need more visitors to your website for success and one way to do this is developing a bank of hyperlinks to your site while it is always great to have hyperlinks from great sites like eBay and Yahoo! Try Geo cities for Yahoo which is also called Yahoo! Small Business. Try publishing articles in article directories which let you leave a signature back link to your website in return. This strategy multiplies as a showcase of your expertise on your business niche.
5. How am I supposed to charge tax when giving a buyer a discount on my online business? This is a question your tax planner can answer better. Most US states have differing taxation policies and rates for your customers will differ accordingly and you will be required to file tax returns individually for each state. Rather wisdom calls for not collecting online tax at all, wherever the law provides for it.
6. Do I need to incorporate my business and have a dedicated office space? This is a subjective question. If you are alone and starting small, your home can suffice as your office till you grow out. But even during this time, you can no doubt incorporate your online business however small or big it is, which is always wise.
Many of these and other questions aren’t silly but are great challenges to these people. Unfortunately, at least, some of them loose out owing to the shortage of good counseling or material online. Even the existing material is hard to search by as they get buried below the tons of dilute, self centric and pompous sites that shine by fly-by-wire optimization techniques.