There are many different online businesses that you can start but most of them come down to three broad categories which are: selling products or services to retail customers, selling on eBay, and business-to-business selling. When you are looking at creating and starting an online business, you’ll want to look at what your specialty is create a business around one of these categories. If you decide that you want to sell to retail customers, you will have to find a way to sell your products or services in a different manner than many of the other retail websites out there. If you decide that you want to sell on eBay, you’ll want to find a wholesale distributor of products where you can buy your products at a great discount. If you already work within the business-to-business forum this will be an easy transition for you.
All of these categories can be used but you must decide which you will focus on. Many people will decide to start an online business but have no idea where they should focus their efforts. By focusing your efforts on one of these three categories you’ll know in which direction to start. If you decide to start with eBay, look for a wholesale distributor where you can buy your products at a good discount. This is most effective for many start-ups because you do not have to buy the products and you can focus on selling to people who want your product. The people who want your product will be the ones who are bidding. Therefore, you will know exactly what they want when the auction is over. To find wholesale distributors just do a web search.
If you decide that you want to sell products or services to retail customers, try and find a niche that is under-served by your competitors right now. This is the key to starting an online retail business because you want to find an area where there is little competition so you can dominate. To find some of these under-served niches, search for: “hot niches”