How to Start an Online Store Selling The Best Selling Products OnlinePosted by Buchanan Vaughn on May 21st, 2021 Starting an web store selling the very 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 it is advisable to first determine which products you?re likely to sell online. This way you can give your company a name which may be related to your product line(s) and a name that tells your visitors exactly what it is that you are offering on your estore. The following product lines are the best selling products online in line with the NRF/Forrester Online Retail Index, The NPD Group, The Media Metrix Online Shopping Index along with 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 select a niche product within a niche product line. For check here than selling all types of books, which is the number one selling product on the net, you would focus on selling a certain category of books including the best web design books. Another example would be computer products. Rather than building an online super-store selling all types of computer products you'll focus on a distinct segment hot market such as digital cameras. Lets break these steps down a little further: 1.Create your company name. Do not make the common mistake of creating a 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 main product line or service of your new online store. Do not use your personal name in your business name. Make your name descriptive so that it advertises your products, or at least relates to your services or products. 2.Register your name. 3.Form your business 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 kind of legal structure for your business. You can find basically three forms of business structures: Sole Proprietorship, Corporation and Partnership. Sole Proprietorship being easy and simple and quickest to create. Complete explanation of all of the terms can be found at [http://www.estorefronguide.com] 4.Obtain your business/occupational license. (Only if 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 neighborhood State Revenue Department (IRS) to apply for your tax license, that is also known as 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 duty of collecting sales tax from consumers for sales made within your home state. 6.Choose a top-selling, niche-product market. Choose a product line from the list above and possibly dive deeper to find your niche market. When choosing your niche market, consider if you will find a certain type of product that you might already be educated in or a product line that you find interesting to learn about.Like it? Share it! More by this author |