According to the recent statistics reported by Small Business Administration (SBA), about 51 percent small businesses survive in the first year, which means 49 percent fail. If you want to be among the successful percentage of online businesses the following 5 must-know tips for starting an online business would come in very handy.1. Get A Mentor – do not assume that you know it all, especially if you are running a very successful business offline. The virtual world is far, far different and requires many things to be unlearned and new ones learned. With an expert on board you will get more than tips for starting a business; you will get direction, day-to-day guidance and technical know-how. There are plenty of professional agencies and genuine business beginner’s courses (check reviews carefully before zeroing in on the best choice) that will teach you the ABC of launching and running a business.2. User Friendly Website -. This is one of the most important among these critical tips for starting an online business. You are starting a new shop and this, in the virtual world is your website. This shop should be attractive and easily navigable so the customer should be happy to enter, look through it. He should be able to see all that is offered before he makes a decision to buy anything. Your website thus, should extremely user-friendly. Design it in such a manner that at no point of time buying a service or product should require more than 3 clicks of the mouse. The user should be able to get or find what he wants in less than 7 seconds. For that is the average attention span of an Internet surfer.3. Search Engine Friendly Website – the tips for starting a business stresses search engine optimization. It is utmost important to have your website search engine optimized. This is done by adopting niche keywords and placing them strategically so the search engines read them correctly and rank your website page high on the search engine result pages. The higher the rank, the more visible your website; the more visible, the more traffic it would attract; the more traffic, the better prospects to get business and make profits.4. Get Traffic – the mother of all tips for starting a business is on how to get traffic to your website. Whether you are starting a new business or are running an established one, getting traffic will always be one of the top fueling factors for high profits. Without people visiting your shop what are the chances that they will buy anything? So, everything should be geared to enhance traffic to your website. This aspect you could outsource to a professional agency, use a mentor or take an Internet marketing course to learn the tricks of the trade yourself.5. Online marketing – another lifeline you need when you are starting a business is a powerful Internet marketing campaign. People who are surfing the Net should know that you exist and are offering some superb services or products. A properly run Internet marketing campaign will take care of almost everything that a successful business needs. This is why you need to direct a lot of effort and attention in this direction.There are many more tips for starting a business that would contribute to building the foundation of success when you are starting an online business; but these 5 are among the most important of all. Success is spelled among these 5 must-know, must-apply, must-follow tips.