How to Start an Internet Business - Video 3A of 10

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How to Start a Internet Business in 5 Easy Steps   by Sveinn Jørundsson

How to Start a Internet Business in 5 Easy Steps
So, you want to know how to start a Internet business? Well, it's both easy and hard at the very same time. You see, starting a business is easy, especially on the Internet. But keeping it going and making a profit... that's another matter all together. However, never fear. Here are the steps you need to take in order to start your very own Internet business.
Step 1: Come Up With a Great Idea
The first step in our guide on how to start an Internet business is to simply come up with an idea. Whatever the idea, it needs to be a good one that will attract people and one that you can be flexible with and change if the idea doesn't catch on. Your idea doesn't have to include some kind of fancy, high tech concept which will revolutionize the world.
Sometimes, the idea can be incredibly simple-- such as an idea about a web site devoted to funny pictures of kids doing silly things. This kind of site was started by a mom who was exasperated after her two year old destroyed yet another item in the house, and today, it's a multi-million dollar business.
Step 2: Do Some Market Research
Okay, so let's say you've come up with the perfect business idea and now you want to put it into motion. Before you do anything else, you need to do some market research. Find out how likely it is that people will want whatever product it is that you are selling to them, and how much it's likely to cost you to start your Internet business and get your message that you exist out there.
Step 3: Create a Business Plan
The third step on the road to learning how to start a Internet business is to map out your strategy for making your business a success. You need to plan for the start up costs, including the costs of the web site, the design work, the content of the web site, advertising, and, of course, whatever product you are selling.
If your "product" is to be given away for free, then you need to be sure that you have a way to make money. For example, if you plan to start a web site where people can drop by to see funny jokes all the time, you need to make sure you can make money from advertising on the web site.
Step 4: Get Financing
This step may not actually be necessary for everyone. It could be that you have a little saved up and it's all you need to start your new Internet business. The nice thing, after all, about the Internet is that start up costs for a business tend to be somewhat low. However, if you will be relying on something other than word of mouth or name recognition to make your new business a success, then you will need financing.
Financing can come in the form of a loan from a friend, relative or the bank, or it can come in the form of an investment from a venture capitalist who likes your idea. Whatever it is, you will need to have that business plan mentioned above to show them.
Step 5: Go Out There and Make it Happen!
The final step in our short course on how to start an Internet business is also the hardest one for some people. Now that you have your idea, a plan and financing in place, you need to take the plunge and actually go for it. Hire the people you need in order to make your business a success, and we wish you all the luck in the world!
Sveinn's Internet Marketing
My name is Sveinn Jørundsson. My job is internet marketing. I like to help people to learn and get results in the business[endtext]