E-Business!

I have always been curious about E Business and how it works, it seems so easy to just make money nowadays. Just set up an online shop (with no worries about rent or needing people to man the shop), sell a product and TADAH! Money keeps pouring in... But is it really that easy?

I have seen all the online blogshops and its presence in Singapore. So how do you start setting up an E Business? Here's some tips I got from various websites!

1. Find out what you want to sell. Choose something you really could market and love.

2. Join several social networks and begin building relationships. Find friends that you feel you could join our network. i.e. don't sell gym equipment to the elderly. Find relevant networks.

3. Find out the structure of your business. If you have a partner, or work alone. What permits or laws you need to follow or abide

4. Choose a decent and relevant name. It is essential for your business to grow.

5. Put your plan on paper. Unless you're looking for financing, you may not need a formal business plan. Find out your missions, your target market is and how you will let them know about your business. Count the cost.

6. Build a website. Even free hosting ones may surprise you.

7. Formally launch your businesses. Find good relevant contacts and tell them how excited you are.