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You don't need a large space for your store. Usually 50mb is enough. Most hosting now will support php. You can use some shopping cart written in php. Usually such hosting will cost less than $10/mo.
The first thing you need to do is to find a product. To do this, you need to check the online market. Is the product you are looking for has a good market online? Some product might have a good market but people may not like to buy it online for some reason.
Another good thing to have it sells on online auctions is that you have another option to sell your product. Many people actually make their living as a seller on ebay. So if your product sells, you don't necessarily need set up an online store. You can actually just sell it on ebay.
After you decided to go for an online store. You need to build your store. You need to register for a domain. You have to have your own domain because you don't want marketing somebody else's domain. After you registered your domain, you need to buy an hosting for your store.
Before you sep up your online store, one thing is proven to be good to check. You can put a few of the products on online auctions such as ebay. If you can sell on auctions, that means your product definite sells online. If you can not sell it, you may check the reason. Do the product sell for less? If that's the reason, you may need to calculate how much you can make for each item you sell.
Then you need a supplier. Finding a good suppliers is important. A good place to find wholesalers is thomasregister.com. You can type the product you like and it will give the manufactures or wholesalers of the product. There will be the phone number, fax and emails of the wholesalers.
It is an undeniable law of the universe that we must first give in order to receive. So the first thing to do when you have your PayPal account is to IMMEDIATELY send $1 payment from your PayPal account to the FIRST email address in the list below, along with a note saying:
To do this you may need to use a credit card, which is very easy, and secure so nobody but Paypal may see it. If you don¡¯t have a credit card show this great lucrative offer to someone that has one and get him or her to help you pay $6.
Be certain to add the note, as this is what KEEPS THIS PROGRAM LEGAL. Instructions on how to send a payment are under "SEND MONEY" at the Paypal site. It's so easy!!
When you send your $1 payment to the first address in the list, do it with a great big smile on your face because "as you sow, so shall you reap!"
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A good place to check the market is keyword suggestion tool. The most popular one is the overture suggestion tool. You type in a word and it will tell you how many searches of the word in the last month on overture. Since overture covers most popular search engines like yahoo, msn, altvista and so on, it will give you a good idea that how good the online market is for the keyword. A good market should have at least 1000 search for the keyword you typed in.
The next step is check how the intense of the competition. To do that, you can search the keyword on google. A good keyword should come up with less than 1000,000 results. If the result is too much, that means the keyword is too competitive and it's hard to compete with so many good sites already there.
The next step is to contact the wholesaler. The best way is to make a phone call. When you talk to the representatives of the wholesaler, make sure to ask them the following questions :