So you want to start an E-business? Step 1

First things first research research research research I cant stress that enough!! First picking a product. If the product is yours great skip this article and go on to the next one in this series, if not read on. I like drop shipping sites that's what I build. I'll tell you why, no inventory no shipping no product handling with the exception on returns (maybe). Bad point of a drop shipping site is a lower profit margin. But it is your business build it how ever you are comfortable with. Have I mentioned doing research yet? Let start with saying that you don't have a product yet and are looking for one. First off there are tons of wholesalers out there that want to do business with you. But start with Keyword (your product name/ area) research first. There are some site out there that let you do your keyword research for free WWW keyword discovery tool .com is one I use a lot. Your looking for a niche product which is to say your looking for something lots of people want but not to many site are offering it. You looking deeper that just the main word. So for example lets say your going to sell jewelry. I will be using this as the example for the rest of these articles so you can refer to one of my site as an example (www.luckysilvercharms.com) Book mark it for future use. You want to start your search for the keyword “jewelry” you'll notice that word has a bunch of hits per month but there are also some keywords below jewelry that also have a good number of hits as well. Write those down your looking for a minimum of 1000 hits or better. You need to do that same principle with other main keywords. For example if you start with sports look for the niche with in sports like mountain biking or better yet parts for mountain bikes, do you see what I mean here? Once you have found about 30 keywords that meet that criteria go to Google and put each of them into the search box and see how may sites are out there using that keyword. Your looking for lower that 6 million competing sites. The lower the number of sites the less your competition will be. Once you have gotten a few keywords that pass both challenges you now have potential products. I say potential because you now have to find a drop shipper for that product. Go to Google and look up “Drop shippers” and ”Wholesalers”visit their sites see if they have your product and the price they will sell them to you for. (some you may need to sign up for with an EIN number [Employer Identification Number] You get one of these by establishing a business name or corporation. But that is another story. This short article sounds simple enough but plan on spending a good amount of time doing these steps and get keywords from a few different product areas that you might be interested in. Trust me if your not opened minded about different products your research will take longer and you will tend to give up and miss out on the gold mine opportunity. When you have these tasks done come back and read the next article in this series to continue on the journey