Latest posts by Ron Cooper (see all)
- Creating and Starting a Six Figure Online Business - June 23, 2016
How to Start an Online Business
We are going to look at different ways of starting an online business.
There are many different online businesses that you can start. Most of them fall into three broad categories:
1. selling products or services to retail customers,
2. selling on eBay, and
3. business-to-business selling.
When you are looking at creating and starting online, you’ll want to consider your interests, talents, and experience for your business plan. Then, you will want to build a business around one of the three just mentioned categories.
In this light, our team at Retire Richer offers a free consultation. We can help you discover which of the three business models best suits your background and interests. Our goal is to help you build an online business with an annual six figure revenue stream. If you would like to see our success stories, you can download our ebook here.
Sell to Retail Customers
If you decide that you want to sell to retail customers, you will have to find a way to sell your products or services that differentiates your business from many of the other retail websites out there. Retire Richer’s website design team and marketing staff can help you find the best way to present your product or service.
Sell on Ebay
On the other hand, if you decide that you want to sell on eBay, you will want to find a wholesale distributor for the products you want to offer. Such a distributor allows you to buy your products at a significant discount. Then you can sell them at a fair profit.
Business to Business
If you already work within the business-to-business niche, this will be an easy transition for you.
Many people who choose to start an online business have no idea where to start. The team at Retire Richer can help you find your most comfortable and potentially profitable niche. Each of these three categories can be profitable, but you must decide which of the three works best for you. To see what online businesses other people have done with our service, you can download our ebook by clicking this link.
If you decide to start with eBay, look for a wholesale distributor. With the right dealer, you can buy your products at a significant discount. Finding a drop ship wholesaler is most effective for many startups. You do not have to purchase the products before you make the sale. The people who want your product will be the ones who are bidding. You know exactly what they want when the auction is over. To find some wholesale distributors for you, look at the following website: www.worldwidebrands.com.
Otherwise, if you decide that you want to sell products or services to retail customers, try and find a niche that is underserved by your Internet competitors. Finding an underserved niche is one of the keys to starting an online retail business. You want to find a niche where there is a little competition. To find some of these underserved niches, visit the following website: www.findhotniches.com.
Finally, if you decide that you want to do business to business selling, figure out how you can provide unique benefits to your particular market. Many people work online as freelance writers. You can do this and potentially differ yourself from the competition if you sell to one particular niche. Business-to-business selling is like the retail strategy in that you want to focus on a particular niche and try and dominate that niche.
Hopefully, this article on creating and starting an online business helps you find the business category that best suits your background and experience. To further discuss starting an online business, call us at 844 Richer-1 to set up a free online business consultation.