There are basic components that you need when starting your online business.
Get a Domain Name and Web hosting.
The domain name is the address of your website on the internet. Having your own domain name indicates for your visitors and potential customers that you are a serious businessman.
Depending on what you want out of your domain name, this will determine how you choose it. You will want to take out a piece of paper to write down all the keywords related to your Internet Business.
Your domain name must to be:
-short, simple and easy to remember,
-relevant to the product or service you're selling,
-include keywords of your product or service to improve search engine rankings.
Next, check whether the domain name has been registered or not. If the domain name has been registered by someone else, you will have to use another domain name. Once you register a domain name, it is yours, as long as you pay the annual fee.
Now, you need to set up a virtual web space. You need to find a good web hosting company.
Do not be tempted by FREE hosting. The risk of your site having downtime and lousy support far outweighs whatever you can save by not having a proper hosting company. Also, this would give a bad impression to your customers. Free accounts are not for anyone even half serious about doing business on the Web. Not when you can get a perfectly acceptable commercial host for as little as $ 10 / month.
Most hosting companies provide a range of services, starting with low-budget packages and moving up to more advanced and expensive features. Typically, you want to make sure that your host has a fast connection to the Internet and can handle large numbers of simultaneous visits (bandwidth) to your website. And you'll need secure server capabilities. As is the common practice now, they should be offering you a variety of related services (cgi. Capabilities, ftp. Accesses) and support for your business use.
Payment Processing Systems.
The next phase of building an online business is to integrate it transaction systems. Transaction is the most important aspect of any online business! Payments with credit card are the fastest and the most efficient form of a transaction on a website. The most vital aspect of the complete transaction process is security and authentication of the transactions on your website. You should include a payment system that accepts all major credit cards. After all, you would not want to lose a sale just because you do not accept a certain credit card.
Your Follow Up System.
As good as your website conversion rate may be, a big number of your prospects will not buy your products at first contact. They might want to do a comparison between your product and other people's product, need more time to think about it, or leave your web page for whatever reason. And the truth is that we all can barely remember …