Starting an online store selling the best selling products online is much more easier than what most people seem to realize, if you know how to do it in a step-by-step format.
But before you start your online business and create your company name you need to first determine which products you’re going to sell online.
This way you can give your company a name which may be related to your product line(s) and a name that tells your customers exactly what it is that you are offering on your estore.
The following product lines are the best selling products online according to the NRF/Forrester Online Retail Index, The NPD Group, The Media Metrix Online Shopping Index and other statistics providers.
Top selling products in order are:
2-Computer Hardware and Software
6-Video Game Systems
9-Health and Beauty products
20-Tools and Garden
Then try to pick a niche product within a niche product line.
For example; Instead of selling all types of books, which is the number one selling product on the Internet, you would specialize in selling a certain category of books such as the best web design books.
Another example would be computer products. Instead of building an online super-store selling all types of computer products you would focus on a niche hot market such as digital cameras.
Lets break these steps down a little further:
1.Create your company name.
Do not make the common mistake of creating a business name too quickly and without thought. This is an important decision that takes careful consideration. You’ll want to select a name that should reflect the main product line or service of your new online store.
Do not use your own name in your business name. Make your name descriptive so that it advertises your products, or at least relates to your products or services.
2.Register your name.
3.Form your business structure; Sole Proprietorship.
Next, move is to check on the names’ availability. Contact the name search department within the Department Of Corporations for your state.
Next, select a type of legal structure for your business. There are basically three types of business structures: Sole Proprietorship, Corporation and Partnership. Sole Proprietorship being the easiest and quickest to form. Complete explanation of all of these terms can be found at [http://www.estorefronguide.com]
4.Obtain your business/occupational license.
(Only if needed in your county) Business licenses are generally issued through the city and/or county clerks office where you will need to fill out and submit an application.
5.Obtaining your resellers license (sales tax license).
Now you’ll head on over to your local State Revenue Department (IRS) to apply for your tax license, which is also known as your resellers license or dealers license.
This tax license, (resellers license), gives you the privilege to buy at wholesale from genuine wholesale distributors and sell at retail to the public. You will also have the responsibility of collecting sales tax from consumers for sales
made within your home state.
6.Choose a top-selling, niche-product market.
Choose a product line from the list above and possibly dive deeper to find your niche market. When choosing your niche market, ask yourself if there is a certain type of product that you may already be educated in or a product line that you find interesting to learn about.
It always works best when you are selling a product that you enjoy. A complete list of top selling products and subcategories can be found at [http://www.estorefronguide.com]
7.Get signed up with the distributors for those products.
It’s always a good idea to be signed up with at least 3 to 4 full-line major distributors. A complete list of the best wholesale distributors and drop-shippers can be found at
8.Read and learn as much as you can about those products.
This can be done by simply reading magazines and books which expound on your products. You can also visit the manufactures website and read more specific details about those same products as well.
9.Build your own e-store or have a design firm build it for you.
Building your own online store with FrontPage, Dreamweaver or an Adobe web dev program is the best way to go.
Most if not all service providers who offer online stores will build a database driven website which calls up the product pages on the fly, meaning you do not have a web site with many pages but instead you have a system that makes up the pages as the customers click for that product page, which is very convenient of course.
However, the problem with that type of online store is that you do not have each product page created specifically for that product and therefore the search engines will see your online store as a one to 4 page web site and not a content-rich online store with many product pages which in turn will not earn your e-store a good position with the search engines.
With a data base driven online store you can not get indexed for each product you sell because you can not create a separate page for each product and submit those pages to the search engines or allow for the spider of the search engine to index those distinctive pages.
However, an online store that has many pages, also known as a static web page web site, allows you to make a web page for each product giving the search engines more pages to feed their search engine database and helping your customers find your site when they are looking for that product.
It’s less complicated than what it sounds. But suffice it to say that it is much more better for you to build your own site, even using a professional template such as those found on TemplateMonster.com. other template providers can be found at [http://www.inet-start.com] under free and low cost web site templates.
10.Choosing your domain name.
Try to choose and register a domain name that has your most important keyword in it and your company name combined which should already be a part of your name. Always try to choose a dot.com and not a .net or .org. e.i.
11.Register your domain name
The best place to register your domain name would be with GoDaddy.com http://www.godaddy.com
12.Choose a web hosting provider and a hosting plan.
You can find a list of the top web hosting providers with the best and most affordable web hosting packages at [http://www.inet-start.com] under free and low cost web hosting.
13.Choose your web development software.
Most people choose Microsoft FrontPage, Dreamweaver or any Adobe web development program. A complete list of programs which allow you to build online stores can be found at
14.Start building your online store.
This is much more easier than what it sounds. All you have to do is design the first page one time by using your own template design or by visiting http://www.templatemonster.com
Then from there all you will need to do is add the product details and images and save each page as the name of that product. Once you build your first specification page then the rest of them will be easy to duplicate within minutes.
15.Set up your merchant account.
Most merchant account basically offer the same rates. Some offer free set up and good rates which is always the best way to go. You can find a helpful list of the best free and low cost merchant accounts here [http://www.inet-start.com]
16.Complete your online store.
17.Promote, market and advertise your e-store.
Marketing is the hardest part but if one attacks this process in every angle possible then you are more than likely to truly succeed. Meaning…
You must execute every means of effective internet marketing techniques: search engine optimization, link building, keywords, articles, press releases, creating your own news letter and collecting subscribers, Email marketing, participating in forums etc…
You have to learn and do the best you can in all of these marketing areas to truly make some serious money online.
18.Then wait for the orders to start rollin in.
Of course it’s not that simple but it can be if you just take it one step at a time. Write a simple step-by-step business plan just as what you see here. Then follow each step and then scratch it off of your list as you complete it. Before you know it you’ll be taking your first order.