There is no secret to the endless possibilities and limitless profit a dotcom can give to your business. You've seen how Google, Yahoo, Youtube, Facebook and all the other popular websites we know became a household name and how they make money out of them. But before you jump to your seat and decide, "I should set up an online business too", also consider that there are millions of websites out there that we never heard of, yet existing in a little universe of its own. Because it is not that easy to make it big online, you have to know every bit of tips and tricks to maximize the potential of your online business. Let us see how you can do it:

Get a Name
An online business should have a name; your website should have one too. Decide what dotcom you want, and decide well. Make a list of all the possible yourcompanyname.com you can have and search if it is available (check it on whois.com). Then, select a web hosting site and an e-commerce site where you will buy your domain name and your e-commerce hosting account.

Get a design
Now you have the name, your website should have something on it. Website design is not everything that matters to your online business, but it is still important. If you don't know how to create one, you can always hire companies that can do the website for you. Or, if you have a design on mind, you can draw it can let a company convert it to the codes readable as webpages.

Now what?
By the time you get to this part, you're probably asking yourself 3 questions: "How can I generate traffic on my online business", "How do I get advertisements on my site?" and "How do I measure up against all the other websites?" The answers are simple:

SEO
Have a specific audience in mind and customize your website so it appeals to your chosen target audience. The key to good web traffic is to make your online business easily accessible to your target audience. You can do this by learning the basics of Search Engine Optimization (SEO). By having the right keywords and tags, your website would be seen and available to various search engines, like yahoo and Google. Joining forums, registering your website to directories and other SEO techniques can really help.

Article Marketing
One of the best ways to draw people to take notice of your online business is to create articles that will be linked to your website. Now, if you are a businessman more than a writer, you can always hire someone to write articles for you. Prices per article vary, but whether you are on a budget or not, it is always good to get reputable article writers.

Pay per Click Ads
Search for companies that are willing to post advertisements on your site. You can easily find some by searching the internet. You can also try Adsense by Google.

Just like the traditional types of business we have grown to see before our eyes, setting up an online business takes a lot of time, patience, money, and even a share of failure or two. But hey, everything has to start somewhere, right?

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