Do you want to increase your worth & your assets. There is a simple way to increase your net worth & assets. Everyone talks about increasing your wealth by buying Real Estate. A piece of land & build a house on it & rent it out or open a shop. With the rent you get an extra source of income, which smart people normally call "multiple streams of income" Yes that's right, but to buy land Real Estate, you will require hundreds of thousands or millions of dollars these days.
So how can you own a Real Estate asset, without forking out so much cash. Here, I'm talking about Web Real Estate You can own some web hosting server space on the web, which will only cost you a few hundred a year. And with this Web Hosting server space, you can start your very own eShop or Ecommerce website.
Thousands of people out there are currently owning their own Web Real Estate. You can start getting your own piece of Web Real Estate hosting space from a Web Hosting provider. You can get one of the cheapest Web Hosting service from a company called HostRocket. They will provide you with a complete hosting service.
After you have gotten your webspace, you are ready to start your eShop. You need to figure out what you want to sell. To verify your options, you have to do some research to see if there is a demand for this product or service and whether it is currently being sold successfully online.
Check your local discount stores and large online chains like Amazon to see if they already sell this product. Unless your product has some unique or valuable feature to distinguish it from others,your customers are going to go to big discount stores, or buy online from a large retailer.
After this research is complete, if you are still excited about the opportunity of online business, you will next need to establish your business.Next, you will need a business bank account. Some banks require you to wait three months after your business paperwork is filed, before you can open a business account.
Since your business is an online business, you will have to get a 'domain' name. This name is the name of your web site and the 'address' your customers will type into their web browser when they want to visit your site. You can also get your domain from HostRocket.
You should be prepared with several options and spin-offs of the name you think you want, since your first choice may not be available. If the name is already registered to another business, you will not be able to use it for YOUR web site. The next item on your list is to find a web host. A web hosting company will store all the files that make up your web site, including a database of information, prices, and content. Some web hosting companies are much cheaper than others. However, you have to look at the features and services your web host will offer before you choose the host that is right for you.
Next, you will need to decide if you are going to design your own web site or hire professionals to do it for you. You can compromise by purchasing web 'templates' from a professional company. With a little training and a little effort, you can learn to update these templates to change or add information to your web site.
Whether you are designing your own web site or hiring professionals, you need to figure out what 'content' you want on your site. Will you have educational information, write articles, provide a description of your services or just sell products?If you are selling products or services on your web site, you will need some way to accept payments. Make no mistake you MUST provide a method to accept payments on the spot, rather than asking your customer to send a check or money order. If you intend to be recognized as a professional business, you must offer your customers a simple way to order your products.
After you have done all these things, you will need to either stock your product or hire your employees to perform services.Your web designer (maybe YOU) will have to consider advertising techniques and other methods to get customers to find and buy from your web site.As you can see, starting an online business is a significant investment in time and effort. Your expenses may not be high, but you do have to put in the planning time and ensure that you have thought through all the aspects of the business.
The bottom line for prospective online business entrepreneurs is to consider the time and effort, the cost and the findings from your research.
THEN, decide whether you really think you can pull this off!
This article is sponsored by HostRocket - Complete & afforadable webhosting - Host your dream website today!!
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