Comply with any legal requirements

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Identify your market niche That is, what industry are you planning to expand into? The market niche is a segment of the latter that has specific needs and requirements.

You can segment the market according to different parameters, such as geographic, demographic, or based on the benefits sought by the recipients of a certain product or service.

market segmentation

Tip : To find your niche market, look in the sub-categories of the industry you are considering. (For example, if you are thinking of the sports niche, choose a specific one; if you have chosen to sell body care products, choose completely green ones, etc.).

Once you have made your choice, make sure that there is an actual belgium email list demand for that product or service in that niche. To do this, there are several tools such as GoogleTrands , AnswerThePublic , PeopleAlsoAsk , Ubersuggest or Google Keyword Planner .

Do your research
Key word: preparation. Study your niche and business carefully, make sure you know every aspect of it.

For example, if you're thinking about selling physical products, have you found any suppliers yet? Have you gathered all the information you need about how to ship those products?

And if you want to sell digital products, how are you going to protect yourself with copyright?

No question is useless and no information is superfluous, so don't underestimate the research phase.

Even if you want to start an online business and not a physical one, you still have to comply with different types of legal rules and requirements.

Ask yourself questions like:

Do I need a business license to start my business?
Do I need to open a VAT number to start an online business?
Do I need to get any permits?
Are there specific rules that apply only to online businesses?