Start online business!

Discussion in 'Starting a Business' started by Noman Sarwar, Dec 2, 2010.

  1. Noman Sarwar

    Noman Sarwar
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    Mostly peoples use the way of online business to earn money, i am also interested in it and i want to start online business.
    I need basic and helpful suggestions and ideas.
    Thanks in advance.
     
  2. Fergal

    Fergal
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    Noman Sarwar can you please tell us a little about your interests, skills and experience? As is the case with traditional business, there is no one size fits all online business. What works for one person, won't work for others, you need to find the business that is right for you.
     
  3. nigel

    nigel
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    We think the following 5 tips can substantially increase your chances of online business success:

    1. Target the Un-Targeted:
    Know your customers thoroughly and target those needs that are unseen by your competitors.

    eBay is a bright example. eBay was quick to recognize peoples' desire to earn economic profits by trading second-hand products. eBay realized the need for a platform where such buyers and sellers could meet and trade. ECommerce technologies helped eBay to create the required platform required and the rest is history.

    When you are new to online business- Start Small but Start Right.

    2. Strong Business Planning:
    Have complete knowledge of your revenue source, break-even duration and other important strategic details from the beginning, and decide on the milestones that are to be achieved. You should know the right moment to expand your business and plan for future sources of revenue.

    The Internet business has a cruel history of bringing about disastrous changes at phenomenal speed. Be prepared to face such upheavals and have plans in place to manage such turbulent times.

    3. Business Friendly ECommerce Software:
    Always choose software that is easy to manage and allows you to focus on your core business activities.

    Choose an ECommerce solution that fits your business requirements. Analyze ECommerce software in terms of its scalability, security and the amount of customization allowed.

    Invest in a solution that not only meets your present requirements, but also is capable of accommodating your future business needs.

    4. Create a Web Store with a Difference:
    Visual memory is more enduring than textual memory. Correct branding is important for the success of your online business. Increase your brand recall by creating an estore that is in tune with the likes and dislikes of your targeted customers.

    Learn more about your customers and create unique branding by using distinct color combinations, site layout and innovative logo. Attractive display of your domain name can also play an important role in branding your online store.

    Be different (but not vague) in order to create a positive appeal in the minds of your customers for achieving esuccess.

    5. Make your “Hot Sellers” most Visible:
    Attract a customer and advertise your USP first.

    Create your estore in such a manner that when a visitor leaves your online store, s/he is aware of your specialty even if they do not intend on purchasing those products.

    To clarify: Let us assume you are an online flower vendor specializing in selling fresh red roses. Create your online storefront in a way that when a visitor leaves your storefront, s/he is aware about your specialty even though he may not have seen the Red Roses section. So the next time the visitor intends to buy red roses, they will be very likely to recall your storefront.

    Highlight your best product/service first in your estore.

    Thanks!!
     
    #3 nigel, Dec 15, 2010
    Last edited: Dec 15, 2010
  4. Rasha

    Rasha
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    I advice you to make some learning at first and to understand the whole process before you start. The reason why most people fail in online business because they don't know what they are doing or they are doing it wrong.
     
  5. f5mtadas

    f5mtadas
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    It is too less to said, that you want to make money online.

    The more important is what things you are pesionate to do ?

    you like to meet new people
    you like to invest
    you like to write article
    and so on.
     
  6. ava_camen

    ava_camen
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    try to find what kind of online business you are interested in, there are many online tutorial videos ( try youtube) to get basic steps on how and where to start :)
     

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