In today’s blog post, let’s go through the 8 steps to start an online business.

Use this as your checklist to launch your online business in 2020.

Let’s begin!

How to Start an Online Business

  1. Select The Type of Business
  2. Competitor Research
  3. Decide on Domain Name
  4. Get Logo
  5. Setup Hosting
  6. Design Website
  7. Create Social Media Pages
  8. Start Online Marketing

1: Select The Type of Business

While there are hundreds of online business you can start, here are the top 5:

  1. Affiliate Marketing
  2. Ecommerce
  3. Freelancing
  4. Digital Products
  5. Consulting

2: Competitor Research

Once you have decided on the type of business to start, the next step is to do a quick competitor research.

This is important for you to know about their offerings and think what would make you different and stand out?

Without a strong USP, your business will fail before you even begin.

And this is the step that most people have decided to skip, only to regret jumping in too soon (speaking from my own experience as well).

3: Decide on Domain Name

This is probably one of the most frustrating part as you need to brainstorm a name for your business and pray that the name has not been taken.

To search the availability of the domain name, you may use Godaddy or Namecheap.