Day 1: Register Your Business

The first step is to register your new business, and set up bank accounts for the new entity. Be sure to keep things separate from your personal affairs, since business tax deductions are better than personal income tax deductions. You need to get an accounting system set up, either by getting an accountant, or by doing it yourself. If you do it yourself, and live in the U.S.A., you can use single entry accounting, and most all other countries must use double entry.

Day 2: Pick What You Will Sell.

The usual choices to getting something to sell include developing your own product, finding a hot selling product with a lucrative affiliate program, or earnings commissions on a variety of related products or services.

On this day you also get to choose what to do - create your own product, sell an affiliate program, or do a hybrid combination of offers that pay you

Day 3: Create Your Unique Offer.

One of the key success factors of starting any new online business is its ability to stand out from the competition and offer something truly desired by the customers, and by creating your unique offering, you can stand out from the crowd and build your business.

To determine which benefits you can uniquely offer, you should try to profile your typical customer, and determine what their needs and wants are, so you can tailor your offer to them, and connect with them at the deepest levels. It will make your product the best out of all products available.

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.

Most websites can be created in a few mouse clicks these days, and what is most important is how you set it up (e.g. a shopping cart, a blog, or a sales page format). Another extremely important step is picking your keywords - the phrases you will design your site around, since this is what buyers will enter to find 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: Finalize Your Marketing.

As soon as you have your website online, you should think about marketing. By this, I mean the systems and processes you will use to get your site promoted and recommended around the web.

Day 6: Website Advertising.

On the 6th day, you will need to get ads designed - banners, reviews, and other stuff that you and others can promote your site with. This is also the time to start testing which ads work, and which websites are sending you the visitors that buy.

Day 7: Start Selling.

Once everything has been put into place, the next step is to start selling. Some people like to choose to outsource some activities, while others will be more hands-on (and work more). Ideally, you will spend your time doing the things that make you the most money.

At this stage, most business owners usually split their time - 10% for customer support, 30% for product research and development, and the rest for marketing and advertising activities.

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.