The way I believe anyone should start when making an online business, is determining what they want their product to be. Lets say you want to sell water bottles. Then some of the business models out there would not work for it, like advertising, where all you do is have ads to bring in money. For water bottles, the merchant model would work well because has a list of things you could by just like many of the places you go to buy stuff on the web. But what if you want to make a business for online picture editing. Then the merchant model wouldn’t work so well, so a better one to go for would be the subscription model, where you can have people pay to use your services. A lot of people that use this have some free stuff, but then add premium things that people have actually have to pay for with it, if you wanted to do that. Go here if you want to learn more about business models: Business Models on the Web. If you need something that can help you determine what your product will be, you can go to Google AdWords and type in the product you want. There, you can see how many searches there are for it, how much competition there is, how many people actually click on the link of all the people that search that, etc. It’s a great way to see if it would be worth it to go with that product or not.
After you have determined your product and business model, then you’ll have to find someone to actually supply you with the product, at least, if you’re selling something substantial, like a water bottle, instead of something like online photo editing. So, you’ll need to search for manufacturers, wholesalers, or brokers if you want to find products to buy, so that you can then sell them at a higher price. If you don’t sell them at a higher price than you bought them, then you won’t be getting any profit and it wouldn’t be worth it, unless you’re just doing it as a hobby and have other ways to support yourself and your family, that is. You should find several that you are interested in, then compare them and see which one has better quality, better quantity options, better prices, and a better location. The location can have a big impact because, depending on where you are and your supplier is, it could take a long time for more supplies to get to you. Also, if you are just selling to one state, but your supplier is international, that almost guarantees that it’s farther away, so you should try to find one closer if you can. There are a lot of things that go into making an online business, so don’t go rushing into it and do your research first.