Week 2

This week was a good introduction to learning about how to start an online business. I’m new to running a business in general on top of said business being online, but I’m excited to learn and see where this goes. This week I learned about choosing business models and products. In most cases, it’s smartest to choose the product first. Once you know what product you will be selling, you can better choose what type of model will best suit your business and then tailor your site to your product. When choosing all of these, it is important to remember to do some research on market trends. Additional research includes the demand for certain products and competition both between that and other products, and between companies selling that product. Keep in mind that comparing different types of products is like comparing apples and oranges, but with deep research, you can find which one will be the best for you.

Creating a Web Business:

1. Choose a product

   1. Research market trends

   2. Research product demand and competition

2. Research and choose a business model