Description
Compared to traditional businesses, starting an online business is relatively cheaper in terms of the associated financial burdens, business structures, as well as ease of entry. Characteristically, starting an online business requires a considerably lower capital depending on your selected business, a simple business structure and the barriers to entry are considerably lower. The first step to starting an online business is defining and identifying your niche. This “Defining Your Niche” Checklist highlights the factors to analyze when defining a niche for your online business.
