Don’t worry if you don’t know how to start an online business. Simply follow these 7 steps and don’t veer from this plan.

Day 1: Register Your Business

The first step is to register your new business, and set up bank accounts for the new entity. Be sure to keep things separate from your personal affairs, since business tax deductions are better than personal income tax deductions. You need to get an accounting system set up, either by getting an accountant, or by doing it yourself. If you do it yourself, and live in the U.S.A., you can use single entry accounting, and most all other countries must use double entry.

Day 2: Pick What You Will Sell.

The usual choices to getting something to sell include developing your own product, finding a hot selling product with a lucrative affiliate program, or earnings commissions on a variety of related products or services.

On this day you also get to choose what to do - create your own product, sell an affiliate program, or do a hybrid combination of offers that pay you

Day 3: Create Your Unique Offer.

One of the key success factors of starting any new online business is its ability to stand out from the competition and offer something truly desired by the customers, and by creating your unique offering, you can stand out from the crowd and build your business.

While creating your unique offer, you should create a profile of your perfect client, including their age, gender, income, likes, and habits. When you do this, and tailor your offer to this individual, you will make a powerful bond with your typical buyer.

Knowing how to differentiate yourself is a key step that requires you to know your customer well, and that’s why I recommend you choose something you are passionate about, so you can leverage your life experience to create something that truly offers value to your potential customers.

Day 4: Get Your Web Site Uploaded.

Getting your website up can be easy, especially with all the built-in tools that most website hosting accounts offer. The key piece of work that you should focus on is keyword research, so you can create a site that people find when they try to solve their problems online. You need to pick a balance of popular keywords and other keywords that are under exploited by your competitors.

During day 4, you will pick either a product-based website or a content-based website. Product websites are good for things you sell, and content sites are good for affiliate programs you are promoting. In either case, you will need to choose the keywords you will use to design your content and descriptions, since these keywords are what your buyers will use to find you.

Day 5: Create Your Marketing Action Plan.

Once your website is up and running, you need to create an action plan for marketing your website. This includes choosing the tools, systems and partners to help get the word out to the world.

Day 6: Advertising Your Offer.

On the 6th day, you will need to get ads designed - banners, reviews, and other stuff that you and others can promote your site with. This is also the time to start testing which ads work, and which websites are sending you the visitors that buy.

Day 7: Enter Daily Operation Mode.

After you have all the pieces in order, and your website is up and ready to take orders, and advertising and marketing systems are in place, the next step is to manage the business. Make changes to improve performance, and outsource the tasks that need to be done but don’t require your talent.

Around this time, the successful business spends about 10% of their time in support activities, 60% in marketing and advertising activities, and 30% on research and product development.

It doesn’t matter what you decide to sell, just as long as their is a hungry market looking for it. If you get that part right, then it’s just marketing you can focus on, and you can start an online business that earns you a fortune. Simply follow the outline above, and make it happen starting today.

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