Starting an web store selling the best selling products online is much more easier than what most people seem to realize, if you know how to do it in a step-by-step format.
But before you start your online business and create your company name you need to first determine which products you?re going to sell online.
This way you can give your organization a name which may be related to your product line(s) and a name that tells your visitors exactly what it is that you will be offering on your estore.
The following product lines will be the best selling products online based on the NRF/Forrester Online Retail Index, The NPD Group, The Media Metrix Online Shopping Index and other statistics providers.
Top selling products in order are:
1-Books
2-Computer Hardware and Software
3-Apparel
4-Toys
5-Video Games
6-Video Game Systems
7-Videos
8-DVD?s
9-Health and Beauty products
10-Consumer Electronics
11-Music
12-Jewelry
13-Office Supplies
14-Linens
15-Home D�cor
16-Flowers
17-Sporting Goods
18-Footwear
19-Appliances
20-Tools and Garden
21-Gifts.
Then try to pick a niche product within a niche product line.
For example; Rather than selling all sorts of books, which is the number one selling product on the Internet, you would specialize in selling a certain category of books like the best web design books.
Another example will be computer products. Instead of building an online super-store selling all types of computer products you would focus on a niche hot market such as digital camera models.
Lets break these steps down just a little further:
1.Create your company name.
Do not make the common mistake of creating a small business name prematurely and without thought. This is an important decision that takes careful consideration. You'll want to select a name that should reflect the primary product line or service of your new online store.
Do not use How To Find Best Selling Products in your business name. Make your name descriptive so that it advertises your products, or at least relates to your products or services.
2.Register your name.
3.Form your organization structure; Sole Proprietorship.
Next, move is to check on the names' availability. Contact the name search department within the Department Of Corporations for the state.
Next, select a type of legal structure for your business. There are basically three types of business structures: Sole Proprietorship, Corporation and Partnership. Sole Proprietorship being the easiest and quickest to create. Complete explanation of all of these terms are available at [http://www.estorefronguide.com]
4.Obtain your business/occupational license.
(Only when needed in your county) Business licenses are usually issued through the city and/or county clerks office where you will need to fill out and submit an application.
5.Obtaining your resellers license (sales tax license).
Now you'll head on to your local State Revenue Department (IRS) to apply for your tax license, that is also called your resellers license or dealers license.
This tax license, (resellers license), gives you the privilege to get at wholesale from genuine wholesale distributors and sell at retail to the public. You will also have the responsibility of collecting sales tax from consumers for sales made within your home state.
6.Select a top-selling, niche-product market.
Choose a products from the list above and perhaps dive deeper to get your niche market. When choosing your niche market, ask yourself if there is a certain type of product that you might already be educated in or a product line that you discover interesting to learn about. |