First up is to register your business name, either sole proprietorship or company, and then get a bank account for your new business. Keep things seperate, and track your expenditures and incomes separately, so you know how much the business is making. It will also help you at tax time, since you get extra deductions for a business. Get an accounting system started - either single entry (U.S.) or double entry for other countries. Don't be afraid to retain an accountant if the number crunching isn't your thing.

Day 2: Choose Something To Sell.

On day 2, you will choose something to sell, and then make sure you can find a market that is looking for it, and confirm a way that you can easily reach that market. If you pick something you are really passionate about, it will make the whole task of setting up an online business a whole lot easier.

On day 2, you should choose to either develop a product, choose an affiliate program to promote, or pick a group of related offers that pay you.

Day 3: Design Your Unique Proposition.

To be successful, you need to differentiate yourself from your competitors - offer something uniquely different from the rest that your potential customers truly value. This will bring in sales more than anything else you can do.

While creating your unique offer, you should create a profile of your perfect client, including their age, gender, income, likes, and habits. When you do this, and tailor your offer to this individual, you will make a powerful bond with your typical buyer.

Knowing how to differentiate yourself is a key step that requires you to know your customer well, and that's why I recommend you choose something you are passionate about, so you can leverage your life experience to create something that truly offers value to your potential customers.

Day 4: Get Your Website Up And Running.

Putting a website online is a little challenging the first time around, but easy once you know the basics, and what you will want to focus on is the infrastructure you use to publish - either a blog, or a shopping cart, or a sales page. A critical step here is to pick the keywords you will design your site around, since these keywords is what will attract potential buyers to you.

During day 4, you will pick either a product-based website or a content-based website. Product websites are good for things you sell, and content sites are good for affiliate programs you are promoting. In either case, you will need to choose the keywords you will use to design your content and descriptions, since these keywords are what your buyers will use to find you.

Day 5: Design Your Marketing System.

After you publish your website and get it working, start on your marketing. How will you get your prospect's attention? How will you reach them? Which websites will recommend you, and which will discuss your product and site? You will also need to choose the systems and processes you will use to do your marketing.

Day 6: Website Advertising.

Once you decide how to market your site, you will need to get the advertising materials prepared, so you can get them out working for you. One key piece of technology you will want to invest in is testing and tracking systems, so you can find out which of your many ads, banners, and headlines create the most response and profit.

Day 7: Enter Daily Operation Mode.

Once you have your market, your product, your ideal customer profile, your unique offer, your website and sales and marketing systems, then you can enter operations mode. This is where you might want to consider outsourcing - letting someone else do some mandatory work, while you do the stuff that makes the biggest improvement in profits.

A normal split of activities is 30% for product development, 60% in marketing and advertising initiatives, and 10% for support and customer relations.

It doesn't matter what you decide to sell, just as long as their is a hungry market looking for it. If you get that part right, then it's just marketing you can focus on, and you can start an online business that earns you a fortune. Simply follow the outline above, and make it happen starting today.

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