How do you start your online business in just 10 steps?
1. Create a startup plan and define startup costs
Your startup business includes the startup plan that will help you start a startup online business, which is about how you will build your startup company. One of the most important startup steps is to create a startup business plan – this startup resource contains all information you need to get started with a startup – not just online! It’s also important to define your startup costs and work out how much money it will take to start your own online business, as well as what type of funding or investment you are looking for. For example, angel investors invest $0-$250k in return for 8% equity while VCs (venture capital) provides over $7M in funding $500K or more in return for 15%-50% of ownership.
2. Determine your startup niche
Your startup niche is the focus of your business and there are many online niches to choose from – for example, social media marketing or app startups. Knowing what you want to do with a startup will help you develop an effective startup idea AND prevent you from getting distracted by other topics that may not be appropriate. As well as starting a blog, you can also create a podcast related to your niche topic – this is how I’ve started my own business! So go ahead: write down all of the types of businesses in your niche category that you could startup, and choose 1 startup idea that suits you best.
3. Check if you have the financial means to start a Startup Company
It’s not enough just to want or know how to start your own online business – it’s also essential for your future entrepreneurs to build a sustainable business: do you have the money needed in order to build an online business? Startup costs are often much higher than anticipated – this is because there are many hidden costs while starting a new business such as domain registration, web hosting, social media builds etc. If you don’t have enough money yourself, then finding ways to raise investment funds through crowdfunding and startup competitions is one startup financing method to consider.
4. Set up your online Startup Website and startup social media accounts
One startup tip that has worked for me is to have my startup website online before I even start researching startup ideas. This way, you can research startup ideas in depth – and your startup social media account will already be ready to go! If you do want a startup blog too, then it would be best to register a domain name (ex. yourstartupidea.com) so that it’s easier for people to find you when they search online – make sure the free startup domain name hosts at least 20 articles of original content though as this will help improve SEO results. This startup resource sheet on creating an effective startup website also provides great tips for how to set up a successful blog right from the beginning.
5. Research Startup Ideas
After you’ve created your startup website, startup social media accounts, and startup domain name, the next step is to get some startup ideas. This will help you ensure that there is a market for your startup business idea and that people are willing to spend money on startup products or services. If you can’t see much of an audience interested in your startup business niche, it will be very difficult to start and run a profitable startup!
6. Make an Online Marketing Plan for Your Business
The next steps to start a successful online business, are related to marketing – how you promote your products, what methods of promotional activity you will use as well as which platforms or channels you will focus on (social media for example). If you don’t have the money for these activities, then it may be time for you to partner with someone who has them. The best way to launch any business today is through social media marketing – Facebook, Twitter, Instagram, and Google+ are all great startup social media platforms to work with – this startup article has a lot of startup marketing tips.
7) Submit startup info to startup resource directories
If you want startup ideas and startup advice, then it would be smart to register with startup resource directories. These startup sites can help your startup business in several ways: you could use startup blog posts from successful founders as startup tips, they will also drive traffic towards your own startup website and social media pages AND people will find out about your new online startup business.
8. Create an Effective Startup Marketing Strategy
The startup marketing strategy is the most important part of your startup plan; it will decide how much money you make online as well as whether or not people want to use your products/services. The startup strategy should be based on what you find out in step 6 above (via creating an online marketing plan) – for example, if you find that there’s no startup market for your new business idea then you may need to modify it or think of a different startup idea completely.
9) Create a Startup Business Plan Based on Your startup Marketing Strategy
The startup business plan is vital to your startup success because it will help you determine how much startup capital you need and how much startup revenue you can earn online. The startup business plan should be tied closely to your startup marketing strategy so that the two work together well – together, they will form the startup business startup strategy.
10) Implement Your Startup Business Plan
The final step to startup success is startup implementation – which basically means that you actually do all the things that your startup marketing plan and startup business plan have told you to! Write up a list of small tasks that can be done very quickly (you don’t want startup tasks to take too long since you need to be startup active and working on startup ideas all the time), add a startup deadline for each task, and then work your way through the list, ticking them off one by one.
Questions to ask yourself:
-What startup business ideas do I want to consider?
-What startup marketing strategy will be best for me?
-What startup business plan should I implement?
The startup process is not an easy one but if you take it day by day and keep your startup idea in mind at all times, you will eventually start a successful startup online.