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newsgroup – a place where individuals post and retrieve messages, except that these messages concern a single topic. You can read or join with your own news, views and comments.

snail mail – term referring to the slowness of the postal system compared to the speed of e-mail.

URL – Uniform Resource Locator. Also known as website address



The Simple And Easy Way To Start An Online Business, Step-By-Step

Ok, now that you know the basics of the what the internet is I can teach you the simple basics of starting your very own online business! So lets get started:

Setting your online business goals:

The process of setting goals and objectives and then designing strategies for attaining them is essential when starting an Internet Business. So, you end up with what is called a business plan.

To set specific goals for your new business, first ask yourself this question:

Why do I want to start an Internet Business?

We already covered this in the early chapter, which is why you’re reading on! Okay, next question:

What product or service can I offer to the people on the Internet?

OR

Do I have a product or service that people are looking for on the Internet?

To save you some research work, I’ve included the list of Top 17 Best-selling items / categories on the Internet below:

1. Clothing
2. Toys and Video Games
3. Electronics
4. Computer Hardware
5. VCDs / DVDs
6. Books
7. Greeting Cards
8. Home Furnishing
9. Jewelry
10. Health
11. Travel
12. Automobile
13. Real Estate
14. Online Trading
15. Music
16. Food
17. Sports

When identifying a need, doing market research is part of your homework. One of your first steps should be to find out what it means to do business online and to determine the best ways for you to fit into the exploding field of e-commerce (electronic commerce). The more information you have on the following aspects of the Internet, the more likely you are to succeed in doing business online:

Competition: Familiarize yourself with other existing Internet Businesses that are already doing what you want to do.

Customers: Research the various kinds of customers who shop online and who might visit your site.

Environment: Explore the special language and style of online communication – in other words, know the culture of the Internet. If you are not yet familiar with the culture of the Internet, then the best way to learn is to subscribe to e-zines (electronic magazines) and newsletters for your reading.

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