Step 1: Register your business name
Registering your business with a legal name will make sure that everything is legal. You will be able to keep others from using your business name.
- You can do some research about the tax advantages of being an LLC (incorporation) and a limited liability company (LLC), and find out if they will be a benefit to your business.
- For privacy reasons and to keep your business and personal mail separate, you should get a second business address.
To use your mailbox as your second address, you might rent a mailbox from the local post office. Be sure to get the correct size for how much mail you will be receiving. You might also be able to make incremental payments of 3, 6 or 12 months.
Step 2: Open a Bank Account for Business
You can open a separate business account in order to keep your personal and professional expenses separate.
- While you can open an account with any bank, a local branch can help you if there are problems that cannot be solved in person.
You can explore different merchant accounts for credit and debit card payments. There are many options, including traditional banks, PayPal, Stripe and Stripe. Banks will require more information about your business (including a business plan and forecasts) to grant you access to a merchant account. You can apply for a PayPal or Stripe Account without revealing the same information that traditional banks require. This will allow you to make payments faster.
Step 3: Open a new Google Account to access the Services and Products
To take advantage of Google services like:
- Google Analytics
Visit JVZoo for a free account.
You can set up a free JVZoo account to sell your own products and to promote other marketers’ products as an affiliate.
Step 4 – Get Your Domain
Name and reliable Web Hosting To set up your own business website, the first thing you will need is a domain name.
Here are some domain name registry companies:
Don’t forget about reliable Web hosting:
You should register a domain name with your main keyword or topic. Doing this will help with your site’s ranking in the search engines and be easier for prospective customers to find.
- If possible, register a domain name with.com,.net, or.org – these are the most well-recognized extensions for domain names.
- Ensure that your Web hosting company offers excellent customer service, whether you need it via email, chat or phone.
Make sure that your Web host provider provides reliable uptime for your site. You can’t afford to have a provider that can’t keep your site up and running at all times.
Step 5: Create your website and graphics
You must choose which website creation software you will use to create and edit Web sites. Many web hosting companies offer website creation software that you can use.
You can save time and money by doing it yourself. If you know how to work with the software, you will be able to save both time and money. Make sure you have cover graphics created when adding products to your website. This will give you a visual representation. People will be more inclined to click on these links and visit the offer. Affiliates are often provided with sales copy and graphics by Internet marketers. You can use these to promote your products and place them on the appropriate pages.
Step 6: Drive some traffic to your website
Traffic is vital to your business’s survival. Without traffic, there are no sales. Traffic is particularly important. There are many traffic-generating techniques, both free and paid. Any combination of them can be used to generate quality traffic for your site.
These are just a few suggestions to get you started.
- Marketing via social media
- Viral marketing
- Content marketing
- Advertise on Facebook
- PPC advertising
- Solo advertising
Step 7: Count your profits and pay your taxes
Don’t spend your early profits frivolously because the tax man will come knocking before you realize it. Make sure you have enough money to pay your annual business taxes. It’s always beneficial to put some of your earnings towards yourself. To remain profitable, increase your knowledge of current marketing techniques.