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How to Start Your Own Online Business

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Summary: Start your own online business by researching the industry that you are interested in, finding out about production competition, deciding what direction to take and learning about the marketplace. Discover how important research is when starting a business on the Internet with information from a business professor in this free video on online businesses.

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By John Niemira
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John Niemira is a professor of business at Stevens-Henager College in Salt Lake City, Utah.read more

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Video Transcript

"Hi, my name is John Niemira, and I wanted to talk to you very briefly today about starting your own online business. Online business -- very profitable nowadays, as long as it's done correctly. Hopefully, you have some experience in the product that you're looking to sell, and some business experience will really help you. Start with your research. Find out product competition in your market out there. Which product are you going to sell? What do you know about that? Who is your competition, and what are they doing? Who are they selling to? How much are they selling for? And then your market -- where...what direction do you want to go in? Who do you want to sell? Are you looking to open and expand it, or what's currently being serviced out there and offer competition? Do your research first. Get online. Learn about the business that you're looking to open. Learn about the market and the marketplace that's already being...that already exists and that it's already being serviced by your competition. Your key to an online business is research and in marketing. For any more information on this topic or any other business topic, you can contact me directly at my email, jniemira@gmail.com."

eHow Article: How to Start Your Own Online Business

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