Seven Basic Steps To Start Your Online Business
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1. What to look for first?...A Niche Market Some people think that they should look for a product first and then look for customers but in reality, it's the other way around.
Make a list of keywords (use the Overture Suggestion Tool) and check the supply ratio for each keyword in Google.
Supply divided by Demand = Supply/Demand Ratio
In other words: Google Results divided by Overture Count = Supply/Demand Ratio
The lower the Supply/Demand Ratio number is, the better because it tells you that there is more demand than supply and you will make more money with this niche market.
2. Looking for a Product
Once you identify your niche market, it's time to look for a product.
Look for companies that once you sell the product, they ship it to the customer.
Nowadays, people are looking for information on various topics. Most of internet sales are on info products that the customer can download immediately, once they pay for it with a credit card. It doesn't involve any shipping charge and the customer doesn't have to wait 2-3 weeks to receive it.
3. Building a Web Site
Once you have your niche market and products, you need to build a web site. There are companies that would allow you to build your own web site. You don't need to know any HTML because they include some type of HTML program so all you have to do is type the information and the system will convert it to HTML.
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