Figure how to earn money You might believe that you can attract loads of people to a site and thus sell advertising. If you want something catchy, you may find you have to buy it from someone who has already registered it and that could cost thousands. Set up your site Depending on how serious you are, creating your site can be dead easy or really complicated. At the simplest, you could just use the free web space offered by ISPs, but this is really only suitable for a hobby, not a business. The next step up is to rent a package that lets you set up a simple 'web store' to sell a few products - this costs about 25 a month.
Web stores account for a small proportion of ebusinesses.
If you want to become a millionaire, you will need a serious software house or web development company to build your site. This could easily cost between 50,000 and 200,000. Having to spend this kind of money means getting outside backing. Web companies are perceived as being well funded, so lots of companies offering web design are charging top dollar for less than perfect work. Choose carefully who you deal with and take up references.