The purpose of this article is to make you understand some very important factors that need to be considered while starting an online business.
Here are step by step details to get you started right now.
Are you continuously thinking about what do I need to start an online business? Is this question taking away opportunity to earn online from you? Then after reading my article you will surely make up your mind to get started just now.
Step1 – Get a license
Instead of thinking about what do I need to start an online business? Tie up your shoe laces and get ready to start up your own online business. If you are planning for incorporate business then you need to get register up with your state or city government. If you are planning to run as a sole proprietor then you need to get business license from local city government. Some cities have an exception which states that you do not need to acquire a business license till your business makes $3000 to $4000. You need to check with your local government for all ecommerce business legal formalities. You also need to get SIC or NAICS code or both to form business with any government entity. You can also get an EIN if required.
Step 2 – Open a bank account
To set up a franchise, you need to have excise tax, sales tax or use tax account. You need to have these accounts in the state you are based in with the dept of revenue. You have to check with this dept whether you require all the accounts. You can also just call up the dept and they answer you very well regarding the same. If you plan to incorporate then your next step will be to open up a business bank account. If you plan to start up as a sole proprietor then you open a business bank account or a bank account. You need to also set up a merchant account through your bank as this will allow you to accept all kinds of credit cards. You can set up a merchant account or a PayPal account.
Step 3 – Your website
Your next step will be to build a website. You can build up a website if you know or can also make others do it for you. There are many websites through which you can learn to make a website and make your own as this will give you freedom to design your website according to your wish. Then you need to get domain name and also domain hosting. Make sure your website is simple and easy to use. As website is your store front in online business, the way your website is very important for your business.
My above blog has listed down few important steps providing answer for your most pressing question what do I need to start an online business?
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Online business is the best business so it is better to know how to start an online shopping business?