There is a number of important components you need to have set up when starting an online business. Here is my ultimate checklist:
1. Your own specialized niche
It's just like a name - everybody needs one. Identify it today in case you have not already.
2. Domain
Your unique address on the web.
3. Internet hosting
The servers on which your website will be sitting. You'll need around $10 per month for web hosting probably.
4. Website
That is obvious. Use WordPress to minimize the cost.
5. Content
Compose five to ten posts for start. Then write a minimum of one each week.
6. Traffic
Search engine optimization or paid traffic - two primary sources of website traffic.
7. Networking
Make friends in your niche. It's easier to be successful when you've got friends.
8. Monetization
Aka making the money. Choose if you wish to offer your own goods, be an online affiliate or provide advertisement space.
9. Be happy
Fin.
Moreover, check out this how to video on setting up a web business.
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