There are virtually countless answers to this question.
Consider a couple of things—what do you enjoy doing? What is a need in the marketplace? Your business should answer both of these questions.
There are a few key areas that really matter when it comes to establishing a thriving online business. Here are some things to think about:
Don’t skimp on planning. An online business doesn’t mean that it’s easier. It simply means that you have a virtual store. In some ways, this may seem easier on the surface, but you’ll quickly learn that you need just as much (if not more!) planning than a brick and mortar store. Complete thorough market analysis and consider the various ways that you’ll fund your operation.
The website matters—a lot. Secure your domain name and decide whether you can do this part yourself or if you should hire a professional. When people come to your site they should be able to navigate it easily, understand the purpose of your business, and learn why they need your product or service. Leave the guesswork out. Be direct and make the website look appealing and sound informative.
Take the time to understand online business law. There are key areas that you absolutely have to understand—like rules regarding customer information and of course IP laws. Take a look at the tax laws and make sure to register your business.
Need some help?would be happy to connect you with a seasoned online business attorney. We are passionate about startups and we are excited to offer affordable rates and direct communication—something you don’t get with traditional law firms. Check out our website and get in touch if you’d like to set up a consultation.