With the flexibility and financial opportunity that owning an online business provides, it’s no wonder that there are approximately 102,000 successful e-commerce businesses in the U.S. alone. Not to mention, there are several other bloggers and website owners making a killing.
If you are interested in starting a blog, website, or e-commerce business now is a great time. Don’t let the fact that you might not be sure how to move your business from the idea phase to a booming business. Instead, here are some quick tips that will help you get the ball rolling.
Research and Planning
Every great business starts with an idea, but the first step in helping you turn your idea into a functioning business is research and planning. This includes making sure that your idea is unique, filling a market need, and conducting market analysis to determine how your business will solve a current market problem.
Write a Business Plan
Once you have conducted enough market research, it’s time to put everything down in writing. A business plan will help you define your goals, acquire business loans (if needed), and organize your strategy. Your plan should include your:
- Business concept
- Business strategy
- Product and service offerings
- Definition and demographics of target market
- Market research and market pain points
- What steps you will take to meet the demands of the market
- Team member outline
- Financial needs
Writing a business plan is the perfect way to help you get organized before making any financial commitments.
Domain Name and Hosting
As soon as you have solidified all of the details of your business by putting it in writing, you’re ready to register your domain name and purchase hosting.
At Bluehost we help you accomplish this in one easy step. As an added bonus, when you purchase hosting, we give you your domain name for free. To get started, click here.
Set Up Your Website
Next you’ll need to set up your website. If you are doing it yourself, you’ll be pleased to know that Bluehost offers easy one-click WordPress install. That means you don’t have to pull out your hair trying to figure out how to get your website up and running. Instead, you just click WordPress install, choose a WordPress theme of your liking, and customize your theme.
Make it Legal
The last step in getting your business off the ground is to make it legal. This includes registering your business name, registering your business in your state and getting a business license, checking SBA online business requirements to make sure you comply, and putting a plan in place to pay your federal and state taxes.
If you have a great idea for an internet-based business, now is the time to get started. Your success will depend on you taking small steps forward that include planning and researching, writing a business plan, purchasing hosting and reserving a domain, setting up your website, and registering your business with authorities.
Good luck on your journey. We can’t wait to host the website for your new business!