Thursday, December 24, 2009

What are the steps to creating a profitable online business?

I'm looking to sell products and I'm not sure if I should go the drop-ship route. I need some advice from someone who has already been through the steps and has made it out with good results.What are the steps to creating a profitable online business?
1) find your niche. is this a specialty product, or something that amazon.com and ebay.com already offer for low prices? If you're willing to underbid them, definitely post your thing on ebay or your item on amazon at a lower than retail price.





2) If you decide to start your own website, you're going to want to make sure you get listed on all the search engines, shopzilla.com, mysimons.com, nextag.com, and all those other websites that compare prices among many many retailers.





3) Customer support is your best friend. Treat your customers with the best respect you can offer. Provide yourself as more than a business person... as a friend. This is literally what drove both Wal-Mart, Amazon, and Starbucks to a billion dollar business.





I's obviously not as simple as this, but I wish you luck :D

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