How to Set Up an Online Business

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Set up an online business by figuring out what product or service to sell, finding out about competition and researching the industry for trends. Get marketing information on a business before setting it up on the Internet with advice from a business professor in this free video on online businesses.

Part of the Video Series: How to Create an Online Business
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Video Transcript

Hi, my name is John Niemira, and I wanted to talk to you today about setting up an online business. An online business can be a simple process. It's usually run from your home or from an office. Setting up an online business, first things we're going to think about is your product or your service that you're offering, how are you going to sell it, and what are you going to sell. Then the second thing you want to look into is who are you going to sell that product to? Is it going out to the general public? Is it a business-to-business sale? Are you looking for a new market? Do you have an existing market that you've already been selling to? And what are the other companies in your industry doing? What you're going to need to do to start off with an online business is do some research. See what is happening out there in the current market where you live and where you plan on selling. Use the ideas of your competition. What is your competition doing? Who are they selling to? And what is their market? And go from there. Do your research first, then start setting up your website and the information you're going to need to do your marketing. For any more information on this topic or any other business topic, you can contact me directly at my email, jniemira@gmail.com

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