1. Find a gap in the market
Last updated
Last updated
The first step to starting any business is to find a need and fill it. When it comes to starting an online store, you need to find a niche that isn’t being served or is underserved. This can be done by conducting market research, looking at trends, or even talking to potential customers.
You’ll be tempted to jump in without researching competitors or running a . Take the time to develop a good and understand how you’ll provide value in a competitive market.
Online marketplaces like Amazon, eBay, and Etsy will always be competitors, but there are also hundreds of smaller brands you’ll be competing with.