Online Business Startup Guide - in 8 Steps

Step 1: business name registration

You will profit from registering the business with a proper name to ensure that everything is legal. This can also prohibit anyone from using your trade name and from taking advantage of your hard work.

Conduct some work into the fiscal benefits of incorporation (INC) or a limited liability company (LLC) against the inconvenience to see if either one of these benefits gives you an advantage.

Get a second privacy address for your company and keep your email separate and confidential. A virtual office would suffice when starting up.

Note: As a start, you can also begin as a freelancer. On the other hand, in case that you are just starting, you don’t need to be registered as a business if your sales are not yet consistent. Hence, you can just declare the additional income during tax reporting season in your tax forms.

Step 2: Open an Account for Business

Open a new bank account to separate your business and personal expenses. This will help you track costs and check if you are making a profit or loss.

You can open an enterprise bank account anywhere, but a local branch in the area can be helpful, particularly when problems arise.

To take credit and debit card payments, explore through business accounts.

Banks will need more information about your business (including business plan and projections) to allow you access to the Merchant’s Account. Banks will need to provide you with access to a business account.

Note: Nearly anybody can claim a PayPal or Stripe account, and you can make payments easier without having the amount of detail that the conventional bank needs.

Note: When starting, you don’t need a separate business account. Most of the affiliate programs and networks will only require you to have a paypal account.

Step 3: Set up a Google Account to use the following services:

• Gmail (ensure that you have an email account since you’ll need this to register with the affiliate programs in the next step)

The following will not be required when you are still starting. Once you get more advanced in affiliate marketing, then you can use more tools to improve your efficiency and productivity.

• Google Forms
• Analytics
• Google Ads
• etc.

Step 4: Sign-up for affiliate program: Go to Groove Digital, JVZoo and ClickBank to create your account free of charge. 

To sell your goods and promote the products of other marketers, you can set up a free Groove Digital, ClickBank and JVZoo account.

Step 5: Decide on your domain name (e.g., www.google.com) and register with the domain registrar.

You will also need a Web hosting platform for you to set up your company or personal website.

If possible, get a .com extension for your domain name and check that the web host is reliable, has responsive support and consistent uptime. 

Recommendation: You can use this domain name & web hosting solutions provider, which is used for this website.

Step 6: Create Graphics and Setup your Website

Decide what software to create and update web pages you plan to use. Most Web hosting services use or use a content management system (CMS) such as web site creation software. My recommendation is to use WordPress. You can access free training in the member’s area.

This setup will save time and money if you know how to work efficiently with software that you want to use. Also, be sure to create cover graphics to offer a nice visual representation when adding items to your website. Vista Create allows you to create a free account and easily use cloud-based software to create outstanding designs.

These stunning designs will make it more likely that people will click on it and see the deal. Most Internet marketers offer graphics and sales copies to their affiliates to sell their products – use them in your promotional efforts and place them appropriately on your website.

Step 7: Send traffic to your website

Traffic is the business’s lifeblood, and particularly critical is quality traffic. Two traffic generation approaches are free and paid. You can use any combination to control the traffic to your website.

Here are some examples:

• Facebook advertising (Free training inside the member’s area)
• Content marketing
• Social media marketing
• Viral marketing
• Solo advertising
• PPC advertising

Note: No traffic = No Sales

You can also check the related post: How to Generate Sales 

Step 8: Control Expenses, count your income and pay taxes

Tip: Don’t forget to invest in yourself, for instance, through a better understanding of modern marketing tactics and automation tools so you can continue to increase sales and improve efficiency.