If you've been considering setting up a business either an online based or offline business you've most likely been motivated by the rising volume of joblessness or how people are making a living through buying and selling that is now taking place around or even on the internet.
More and more people are buying products and services online or offline. And if you’re willing to set up your own business and start making a living.

That is you can claim your cut of this expanding self-employed marketplace. Here are the 5 steps to follow to set up an online business. But before we proceed, a side

NOTE: Online Business is when your businesses are majorly on the internet While Offline Business is when your rent a store and stock it with products or offer your services.
Haven’t said that less continue with the 5 steps:

1. Pick Your Market

Picking your market is also what is called a NICHE. If you're going to set up business your first task is to determine (research, check around, look around) what type of business it's going to be. Are you going to sell products or services? Who are you selling to i.e your TARGET? Are you selling your own products, services or you can sell products produced by other businesses who will pay you commissions on your sales.
If you can answer all of the above questions correctly that means you’re moving toward a profitable venture.

2. Build Your Website or Rent a Shop

Most of the work in your business have being covered if step 1 is done properly so getting a shop or website online isn't as complicated as you may think any more. Initially you'll need to get a name brand name that will resonate with what product or services you’re offering then go ahead and rent the store and design it with your products or services.
For a website (it is known as a domain name). Next you need to 'rent' some space on the internet (known as website hosting). Lastly you'll need a software package that will make it possible for you to put written text, images, videos etc onto your website. There are many website building programs available that make this whole procedure very easy.

3. Get Visitors To Your Store or Website

When your store or website is ready from step1 above (that is why step1 is very important to your business success) haven’t know those you want to sell (i.e your TARGET or potential customers) it time to get them to visit you. There are two main ways to do this. You can use free techniques (words of mouth, website traffic) or paid techniques (paid Advert paid website traffic). Both have their pros and cons and the most effective traffic tactic to use is a mixture of both.

4. Develop A Customer List or Customer Relationship

One of the major setback in business success is customer relationship, it's doubtful that your store or website visitors will want to buy anything from you on their first visit to your store or website. They may visit your store or website and never return. So you can obtain a visitor's contact number or email address with a special email capture form, you can remain contact with them via sms or email. Your sms or emails can keep them informed about your business and encourage them to return to your store or website.

As a new visitor to your new store or website you can offer them something of value for free in return for contact number or email address, they are more likely to give you their email address with ease.

5. Provide Value

The concept of providing value is just an advance course of building customer relationship, literarily is just by over delivering by providing more support and training in your business, in so doing you are sure of having customers who will come to know, like and trust you. Your prospective customers will then be more willing to buy from you and continue to be as loyal customers for many years.
Even though the market place is competitive, it allows average people like you and me to use it in the same way as big businesses do. A potential customer can only access one website at a time and, if you have the right elements in place, that store or website can easily be about your business. Here are the 5 key ingredients to setting up a successful business.

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