Think of your top five passions, hobbies or topics that you know a lot about and would be interested in creating a site for. (Example: I love fishing.)
List all of the information, services and features that you believe you could or would like to offer on each of your possible sites. (Example: I will make a site about fishing hotspots.)
Come up with a list of at least 10 companies that are related to your site and would possibly be interested in advertising on your site. (Start thinking of where the money will come from.) (Example: Cabela’s, Dick’s Sporting Goods, etc.)
Conduct research for each of your site ideas to see if others have already sufficiently filled the need in that space. (Do not give up if there are already others in the space. If you believe that you can do it better than them, then go forward with your idea.)
Narrow down your five ideas to the one you believe could be the most successful. (This will be the idea you work on throughout the remainder of this course.)
Create a name for your business.
Create a brand new Gmail (Google email) account that you will use for your Internet marketing purposes only and will be associated with all of your Internet marketing accounts and purchases.
(Keeping this separate from personal emails is a great step towards increasing your productivity
right now.)
Conduct research and speak with a financial and/or legal adviser in order to understand the tax and personal protection benefits of setting up an LLC or other formal organization. Then follow through with their recommendations which may include obtaining a Federal TAX ID number and proper business licenses (per your city and state). (LegalZoom is a great resource for setting up a simple LLC.)
Organize a folder/binder where you will record and save all accounting information, including purchases and expenditures. (Per your financial adviser’s advice, you may also determine that you should invest in personal accounting software such as QuickBooks
I know some of these actions may seem a little less exciting than just launching a site tomorrow morning. (Trust me – that is the exciting part!) But if you want to start your business correctly and protect yourself, then follow the steps here and get ready for Affiliate Marketing 101