Many people are now thinking of starting their own business. The number one thing that is preventing them from even starting is the costs. It’s now possible to learn how to start an online business and still keep your costs down to a minimum. There are a few main things that you will need to research before you even take that first step. Tools, the right training, and knowing what type of niche you will be targeting will have a major impact on how you are going to start your online business.Here is a list of a few essentials you just must have.1) A hosting account about $20 a year2) A domain name $7 a month3) Email list server to manage your customers emails, about $20 a monthThese prices can vary so shop around for best deals.There is an unlimited amount of resources that are available to you today online. All you need to do is Google search anything that you are looking for and you will find all the resources you will need at your finger tips in a flash. Just take a look at the thousands of blogs on the web at the moment. They are packed with loads of great tips and advice. Blogs can also bring in some different resources that you may find useful. This is also a place if you’re trying to save money on how to start your new business online. You can start a blog free on any subject matter that you are interested on.A quick search of the many websites offering online training will give you more information than you can handle and this is one problem you will come across, information overload. There are just so many so called experts online now it’s hard and time consuming, sifting through everything to use what you think is going to be relevant to you and your new business. Social media sites like Facebook, Twitter, Myspace and Digg, just to name a few are great places to read other peoples ideas an experiences.As you can see there are numerous places for resources and the ones that you find of interest to you and your new business can be saved in a list on your pc for future reference. You could check out the numerous online forums that have chat rooms and groups that can give you tips and support. Here you will find Successful people not just ones trying to sell you something.Trying to understand your audience that you will be targeting is a big factor. Once you can find your target audience you will have made a step in the right direction, remember you should always try to refine your targeted market down to the smallest level possible. Maybe you want to sell fishing equipment. Break it down. Sell fishing equipment to women or men. Sell fishing equipment to men that like beach fishing. Can you seen the point. Keep trying to get it down so you can target a much smaller audience. This will make your search results stand out from the rest.You could start an online business with little knowledge or start your the business with refined knowledge that will boost you on your road to success. Getting the best education on how to start an online business is a must. 95% of online marketers fail in the first 6 months. Top reason is lack of training. There are hundreds of companies online that provide training. You will need to learn many new skills and some training to get people to visit your site. The main thing is trying to drive traffic to your site so as to match up the customer with the product you are offering.Social media marketing is one of the best ways to drive traffic to your sites, new customers coming to your site everyday, week, or month is what you will need and these media sites and pages will provide that if you study how. You must know how to effectively use them, that’s why training is so important. Article writing is another way of bringing you people and give you a following to bring your blog to life. Then there is SEO, search engine optimization that can keep people finding you with phases or key words that they type in a search.To sum up how to start an online business, you must realizes that an online business is not a get rich scheme. You have to put in a lot of effort regularly. Try to find training from a legitimate company that can provide you with all the resources that are needed to get started on your own. Look for a community of internet marketers that have excellent support and a forum where you can get a straight up answers. Once you get the knowledge that you need to become successful pass that information on to someone else that needs it, you could even sell your new found knowledge and tips to others.