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  2. Running an online retail business involves the following steps1234:
    1. Choose a viable niche and define your target audience.
    2. Select your product line.
    3. Create your brand name and brand assets.
    4. Register your business.
    5. Choose an e-commerce platform.
    6. Build your e-commerce website.
    7. Optimize your site.
    8. Promote your business.
    Additionally, consider factors such as cost of goods, seller fees, business insurance, and taxes5.
    Learn more:

    How To Start An Online Store In 8 Steps (2024 Guide)

    • 1. Pick a Viable Niche and Define Your Target Audience
    • 2. Choose Your Product Line
    • 3. Create Your Brand Name and Brand Assets
    www.forbes.com/advisor/business/how-to-start-an-…

    How to start an online store

    • 1. Decide on a target audience
    • 2. Find a business idea and choose your products
    • 3. Choose an ecommerce platform
    • 4. Determine your business structure
    • 5. Design your brand
    www.shopify.com/blog/start-online-store

    How to Start an Online Store in 7 Steps

    • 1. Hone your business idea
    • 2. Choose your online store’s platform
    • 3. Source your store’s products
    • 4. Pick a payment processor
    • 5. Learn about shipping
    www.nerdwallet.com/article/small-business/how-to …

    How To Start An Online Business

    • Research Business Models
    • Decide Your Niche
    • Conduct Competitive Analysis
    • Define Your Brand And Target Audience
    • Set Up Business Logistics
    www.ecommerceceo.com/how-to-start-an-online-b…

    Loosely, they include:

    • Cost of goods/sourcing costs
    • Seller fees and/or fulfillment fees (varies by marketplace)
    • Cost to form an LLC
    • Business insurance
    www.junglescout.com/resources/articles/how-to-sta…
     
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