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With any new or small business, the starter stages can be extremely rough. That’s being said here something I put together to help you start to trade online the main thing you should keep in mind iinvolves conducting market research to identify your target market, assess demand, competition and reaction to your prices from potential customers. You also need to produce a business plan.
If sales are likely to exceed £90,000 in any 12 month period, you must become VAT-registered.
You'll also need to pay tax, in accordance with your status as a sole trader, limited company, etc.
Online traders must also observe data protection legislation, of course, when storing important information about customers.
Marketing will largely determine your business website's success and search engine optimisation (SEO) is crucial to this.
Basically, it means using words on your website that ensure high placing in lists on search engine (eg Google) results pages.
You could also use paid-for advertising services such as Google Adwords, for which you're charged on a pay-per-click basis.
If sales are likely to exceed £90,000 in any 12 month period, you must become VAT-registered.
You'll also need to pay tax, in accordance with your status as a sole trader, limited company, etc.
Online traders must also observe data protection legislation, of course, when storing important information about customers.
Marketing will largely determine your business website's success and search engine optimisation (SEO) is crucial to this.
Basically, it means using words on your website that ensure high placing in lists on search engine (eg Google) results pages.
You could also use paid-for advertising services such as Google Adwords, for which you're charged on a pay-per-click basis.
