1.) Brainstorming for an idea - You must select what interests you in any field and put together 5 to 7 possible ideas that seem viable as a source of income.
2.) Deciding what type of product - you are
going to sell and how it will be shipped. For example is it a tangible
watch or an intangible product such as an ebook etc.
the demand for the product - You can anaylze what other people are
bidding for search engine placement to sometimes get a better idea of
the profit involved in your particular niche.
4.) Check the
competition - You can often look at other businesses similar to your
prospective business and see how their site is layed out, their content,
etc. Afterwards you can implement some of their methods and come up
with a new method to set yourself apart.
5.) Setting up the
website/product - once you have everything in mind, go ahead and search
for available domain names relative to your product, and decide how you
are going to ship it etc.
6.) Learning how to get people hooked -
writing creative and appealing headlines and sales letters will
definitely give your site a fighting chance, but you also want to have a
free newsletter so you can continue to market to people and build a
valuable relationship, this is key.
7.) Handling with products and
marketing - you have to find a decent merchant account who you would
like to have on your site selling your products through, there is a free
one or two out there but choose ur account wisely. For marketing there
is quite a bit to do out there I would really stick with search engine
marketing, ppc and optimization.