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Creating an Online Business

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  1. Identify Skills
    7 Topics
  2. Conducting Research
    5 Topics
  3. Online Stores
    5 Topics
  4. Making a Flyer
    7 Topics
  5. Managing Expenses
    7 Topics
  6. Survey Customers
    8 Topics
Lesson 3, Topic 4
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Register an Account to Sell Your Product or Service

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After conducting thorough research and selecting an online marketplace for your business, the next step is to set up your presence on the chosen platform. Start by visiting the welcome page of the website you’ve chosen and look for the option to Register or Join. Complete the registration form, create a secure password, and follow any additional steps, such as retrieving a confirmation number from your email. Once your account is established, it’s time to create your seller profile. This profile should include your online business’s name and any relevant information about your business, products, or services that you’d like to share with customers. Refer back to the Online Store Requirements section of your document for details to include. Additionally, configure your preferences, such as language, shipping information, and accepted payment types. Remember to provide details for an online payment service for the website to collect its fees for listing your products.

Now, you’re ready to list your first product or service for sale. Begin by uploading several high-quality, relevant photos, adhering to the site’s specific requirements. Next, craft a detailed description of your product or service, including vital information such as size, color, and price—anything that customers need to know. If you’re uncertain about pricing, utilize tools provided by some online marketplaces, like calculators that suggest retail prices based on the time and materials required for your product or service. This can help you set fair and competitive prices. Also, consider comparing your offerings to similar items on other stores to gauge market rates. Finally, compare the retail price of your products or services to the website’s fees, allowing you to estimate potential profits accurately. Congratulations, you have now chosen an online marketplace, opened your store, listed items for sale, and officially launched your online business.