TEACHERPRENEUR TOOLKIT

How To Launch Your Online Business And GetPaid For It

In 8 Easy Steps

Starting an online business requires the same diligence as

starting a brick-and-mortar business, plus some unique steps.
 In many ways, the internet has leveled the playing field for small
business owners everywhere. Online businesses are relatively easy to
start, without the kind of up-front costs a brick-and-mortar business
demands.

However, this relative ease doesn't mean you can simply jump in and hang
out your shingle.

As with any business, you must establish a strong online business footing.
While the steps outlined below don't necessarily have to be completed in
order,

their objective is to provide you with a solid foundation to bear the weight of
your future business growth and success.

1. Assess the viability of your new business idea.

Just because it's easier to start an online business doesn't mean no costs
are involved. As with a physically based business, the first step to take with
your online business is to assess your idea's feasibility.

The most brilliant business idea can be unsuccessful if your product or

service has no market.

Even if you've hit on the solution to a problem that plagues many people,

you're just throwing money away if the problem turns out to be one that

most people don't care enough about spending time or money solving.
With this in mind, you need to evaluate your idea.

The following are just a few of the questions you need to ask yourself:

● Does your product or service solve a problem that enough potential

customers have?

● Does your product or service provide a cost-effective solution to that

problem?

● Are people willing to spend money to solve the problem?

● How costly will it be to reach the people in need of the solution your
product or service offers?

2. Develop a business plan

Once you know your idea is feasible, it's time to put together a
comprehensive business plan.

Even if you don't plan on obtaining funding for your business, at least not
initially, having a business plan is valuable,

because it lets you spot any potential bumps down the road and plan for
future growth and profitability.
The work you did in step one gives you a good base from which to develop
your business plan,

and multiple resources are available online to help you put together the
core elements of a solid plan.

An effective plan will help you to identify your market further, clarify your
objectives, provide a marketing roadmap,

and assist you in making the kinds of decisions that may mean the
difference between success and failure.

3. Choose a business name

Choosing your business' name is an important step in the startup process.

Because your business will primarily function online,

your chosen name must be available for registration as a business name in

your state and within the digital space.

This means you will need to check whether the name you want is available
as a:

● Business name in your state

● Domain name
● Username on each of the social media platforms you plan to use
If your chosen name isn't available as a domain name or social media
username, consider different permutations of the name, and remember that
many domain name extensions beyond the original ".com" are available.

Additionally, it's important to check that your name and domain name aren't
impinging on any registered trademarks.

4. Decide on your business structure

The business structure you choose will dictate the legal and tax
requirements you need to meet. Most small business owners choose from
the following structures:
● Sole proprietorship. This is the simplest form of business structure,
but its lack of limited liability offsets its simplicity.

● Partnership. While this form of business structure might appeal to

you if you are embarking on your venture with a partner, your liability
is unlimited, like a sole proprietorship.

● Limited liability company (LLC). An LLC offers limited liability

without the additional complexity of incorporation, making it one of
the most popular small business structures.

● Corporation. Like an LLC, a corporation provides limited liability, and

while it's more complicated to both set up and maintain, it may be a
good choice depending on your circumstances.
It's always a good idea to consult with an attorney to determine the
appropriate business structure for your new business.

Because each structure has different tax requirements, you may also want
to consult a tax professional.

5. Take care of all the legal tasks

Like a brick-and-mortar business, you will need to file all the appropriate
business-formation documents and other paperwork to ensure your new
business has a solid legal foundation. This includes:

● Registering your business with the appropriate government

authorities.

● Obtaining all the required permits and licenses.

● Meeting all federal and state tax requirements, such as applying for
state and federal tax ID numbers.

Since these requirements vary on a state-by-state basis and the nature of

your business, it's important to do your research so you meet any
applicable requirements.
Again, it's often helpful to consult with an attorney with experience in
business startups in your particular industry to make certain you're on the
right track.

6. Build your website and choose your sourcing and

fulfillment methods

An online business's website is as important as the physical location of a

brick-and-mortar company,

and you should put as much care into this part of the startup process as
you would if you were location and lease shopping.

When looking at how you will build your website, consider available
payment processors.

For many online businesses, hiring a website developer to help build your
site makes sound business sense.

The web host you choose is an important consideration as well. You can
have a top-notch website, but it will do you no good if your host has too
much downtime or if the speed of browsing your site is too slow.

In addition to checking out reviews online, consider asking your personal

and business network contacts. Other online business owners, in particular,
can provide invaluable information about a web host's reliability.
Depending on the products or services you'll be offering, you will also need
to evaluate and choose your sources of supply and inventory,

as well as how you will deliver your product or service to your customers.

Again, several options are available.

Given the importance of having inventory on hand—or a good on-demand

provider—and a reliable method of fulfillment,

spending adequate research time on this aspect can mean the difference
between success and failure.

7. Develop and implement your prelaunch marketing

strategies

It's important to market your online business while you're working on each
of the previous steps.

Your business plan will provide you with the information you need to
develop effective marketing strategies for your potential market.

No matter what strategies you go with, it's important not to skimp on

implementation.
By building up your target market's anticipation of your launch through
social media and various advertising methods, you will be paving the way
for a successful launch.

8. Launch your new business

While you won't be "cutting the ribbon" the way you might with a physical
business,

you'll be doing so metaphorically when you make your website live and
announce to the world that you're open for business.

This announcement can be made in a variety of ways, including:

● Social media platforms
● Your email list
● Online ads
● Traditional ads

During the launch phase, you will reap the benefits of the work you did
during your prelaunch marketing. Of course, your work will have only just
begun, but by going through these eight steps, you will have built a solid
foundation for your online business.

Laying the groundwork in this manner means you can devote your time to
running and marketing your new business rather than,

dealing with the various fires that might arise if you've neglected any of
these important steps along the way.
BUT WHAT IF...
I told you that you don’t have to worry about everything stated above.

YES! You read that right!

You DON’T have to:

● Think about a business idea anymore.

● To develop a new business plan anymore.

● To think of a business name anymore.

● Brainstorm what business structure to choose.

● Process all the legal tasks on your own.

● Experience the headache of creating complicated websites.

● Worry about marketing strategies.

● Study months on how to launch your online business effectively.

Since I will hand you a PRE-MADE WHOLE ONLINE BUSINESS
MODEL. READY TO USE.

Literally, you just have to plug and play for this to work and you are now

good to go!

Easy, Simple, and Exciting right?

To know more about this game-changer online business design for

busy teachers like you,

you can read more about it here: https://www.teacherpreneur.xyz/reveal

See you inside,

Professor Joval
Founder of Teacherpreneur Community