The world of online shopping is exploding. More than ever, people are now buying online, with the figures in the next 5 years set to double the current figures of online purchases.

So imagine if you could tap into this goldmine yourself and start your very own online retail store and compete with the big retailers on the same level!

It’s actually much easier, and cheaper, than you think.

In three simple steps you can have an online business up and running within a few days.

You don’t even need to buy any products for your online store

Here is my simple 3 step guide to creating your own online retail business:

Step 1: Getting started with a domain name and hosting:

Like any retail store, you need ‘office’ space. In the online world this is web hosting. You also need your business ‘name’, which is a domain name.

Probably the cheapest and easiest way to get this started is to visit our friends at Hostgator who can set your web hosting up for around $7.95 per month. This comes with a free domain name.
You will also need a shopping cart for your products, and for this instance we will be using WordPress, which is a free software package. Hostgator offer a free ’1 click’ install of WordPress on your hosting package so the software can be literally up and running a few minutes after you sign up with Hosthgator.

Once you have done this the next thing you need to do is create your online store:

Step 3: Creating an online store – the easy way! 
Usually running any business online you need to update the products pricing, arrange postage and handling and even buy and stock the products, which is all very expensive and time consuming.

But there is a much easier way to run an online retail store, without buying any products and it only requires a few minutes a day or even per week to manage.

Datafeedr is an online subscription service which connects to retail affiliate companies, and feeds their product data directly through to your online store.
This means that you simply select the affiliated companies you want to sell for, select the products you want to sell and then with a click of a button all the product information including product images, descriptions and the latest prices are all on your website, and they update automatically!
So you don’t need to update anything manually if you don’t want to, apart from reviewing possible new products you would like to sell.

Sign up with Datafeedr and all the instruction videos and support are readily available for you to start your own site instantly.

Step 3: Find the products you want to sell:

One of the biggest concerns for online shoppers is knocking if the products they are purchasing are genuine. The great thing about using Datafeedr and affiliate businesses is that your customers are buying direct from leading brand companies, but each time they make a sale through your affiliate link you make a commission. These commissions usually range from around 6% to 50%, so making money online is very easy, and you don’t have to do anything!

Datafeedr lists all the companies it works with, and the affiliates you need to sign up with first to make it work.
Signing up with affiliate retail companies is totally free, which provides you with your unique sales link, which you enter into your Datafeedr account. When this link is clicked on your website and a sale is made you receive the sales commission. Simple!

The recommended affiliates to sign up with include:
Commission Junction
Commission Monster
Share A Sale

To view a site I have created myself using Datafeedr and Hostgator, check out Shoppalot:  www.Shoppalot.com

Here’s a quick small screenshot too:

Shoppalot took just a couple of days to create and started earning an income within days!

So if you are looking for a new business venture without the costs or time required, creating your own online affiliate-based business might be the solution for you!