1. Education is the key. There has never been any instance wherein investing in education is such a bad idea, especially in business. It may not be a Ph.D or a degree in business, but what matters is that you are interested in staying on top of things. This can be done simply by reading up on as much material as you can, and signing up for (usually free) webinars that discuss the basics of online business.
2. Do your research. Doing business is a whole new venture for you so aside from beefing up on your knowledge in business, it is also important that you know about firsthand experiences of people in your network. This way, you get to know the best practices, and even the bad ones, directly from someone who has been through it. If it’s not enough, find a business that operates in the same way you pictured out for your business, and use it as your case study. Try to find out more on their accreditations, and the feedback of their clients and partners. After you’ve done all these, evaluate if you can project a foolproof business plan from their practices.
3. Have one goal at a time. Figuring out what kind of goal you want for your online business ideas, even before you start it, does wonders to what you are about to do from that point forward. It directs you in the ideation process, and helps you set more realistic Key Performance Indicators (or KPIs) for your business. Having a clear vision of the mark to hit is a big factor in making a business successful.
There is no one clear-cut way to do business right, but these should be enough to guide you as come up with online business ideas. There are also a few things you need to be careful not to do, such as spreading yourself too thin in terms of resources, and biting of more than you can chew in terms of the actual work. There are things that you will learn along the way, but it is easier to improvise when you have already done these three.