7 steps to starting a profitable online business

A: Consider these startling statistics:

According to Forrester Research retail sales rose 2.5% in 2009. While that is surprising enough, consider this: Online sales rose 11%.

If you are looking to start a business, even a part-time business, you would be hard-pressed, in this economy, to find a sector growing at an 11% clip. Forrester forecasts that e-sales in the U.S. will go from about $173 billion this year to about $250 billion in 2014. That’s booming China kinda growth my friends.

So the answer is yes, starting an online business is a smart move.

Here are the pros and cons:

Steve Strauss

Full Story: http://www.usatoday.com/money/smallbusiness/columnist/strauss/2010-10-11-starting-online-business_N.htm