How to Get Ready to Start a Web Store - dummies

How to Get Ready to Start a Web Store

Part of Web Stores Do-It-Yourself For Dummies Cheat Sheet

Before starting your own Web store, make sure you have a plan, financing, and dedication to your project. Building a Web store requires preparation and commitment. Consider this list of first steps and ideas before you undertake your online endeavor:

  • Business paperwork: If you’re planning to open a new Web store, you should consider getting a Reseller’s Permit from your state government, a Business License from your city hall, and perhaps a Fictitious Business Statement (also known as a d/b/a) from your county government.

  • Business bank account: Unless you want the money from your Web store to be mixed in with all your other revenue and expenses, you should probably set up a new bank account for your Web store. This will allow you to accept checks made out to your Web store name, and you can use this account to order a debit card, which you can use to buy items for your Web store that require a credit card.

  • An idea of what you want to sell: If you want to open a store, hopefully you have your initial product line in mind. Understand, however, that you don’t necessarily have to sell tangible, “stuff-in-a-box” products. You can open a store that sells other people’s products by joining their affiliate programs and reselling their products. You could sell information in the form of e-books, audio, or video files. You could put a lot of information on your Web site and sell the advertising space on your site.

  • Time: It’s the one commodity we never seem to have enough of, but if you bought this book, that means you should have the time to construct your Web store, polish it up, launch it, and maintain it as you receive orders. Don’t forget to budget some time once you launch your store, as you will need to update your store regularly.