Starting an Online Business has many advantages and disadvantages, but your first step is to find your niche.
With that being said, a niche is not forever. You can focus it a bit down the road or you can pick an entirely different one if you feel you made the wrong decision originally. You need to pick a niche when you decide to build your own business.
The biggest advantage of starting an Online Business is that you have access to more than five billion people. FIVE BILLION people who could potentially enjoy your content and buy your product regardless of whether they live next door from you or on the other side of the World.
Don’t expect everybody to be interested in what you have to offer. If you try to target everybody, it’s going to be difficult to decide what to do, how to do it and when to do it.
Start with something you like!
The first step should be picking a niche you belong to which you like and one you have a good knowledge about. For me, it was very easy picking Wealthy Affiliate. You can have your own business up and running utilizing this business university (academy/training) which was launched in 2005 with more than 100,000 active members sharing experiences and helping each other succeed. It specializes in the affiliate marketing model of passive income.