Validating Your Online Business Idea
These areas are just starting points — there are hundreds of different types of online businesses. Once you’ve identified the areas you’d like to go into, you need to validate your online business idea.
Start by checking you have the right skillset. For example, if you’re going into freelancing, do you have a marketable skill you can sell? If you want to be an e-commerce entrepreneur, do you understand all about product marketing, profit margins, working with suppliers and getting customers?
Don’t assume that just because it’s online, it’s easy.
Every online business will have dozens or hundreds of competitors, and you need to stand out, deliver superior products and services, and excel in your chosen area.
Getting started in an online business is easy, but becoming a success is harder. Before committing too much time, energy and money into your new internet business, it’s important to test the marketplace.