Thursday, July 23, 2020

10 STEPS TO START A SMALL BUSINESS ONLINE

10 STEPS TO START A SMALL BUSINESS ONLINE

Step 1: Owning the great idea

Any successful business starts from a great idea. And that great idea must have all the great answers for these questions:
  • What is your business going to be about?
  • Who are your customers?
  • What is your target market?
  • What are your key products?/What services do you offer?
  • Who are your competitors? Of course, it is not easy as that. You can figure out all kinds of right answers to fulfill the question bar; however, it is important to remember your core values and the only one main purpose that is driving your whole business ahead – it all lies within the word “Why?”.

Step 2: Finding the needs, choosing your market

“The first winning move: look for the needs and fill them, begin from the right market.”
We have just came up with a great idea to start your online business. Well, that was the pre-first step. Now you are going to take the first winning move: yes, in details – finding the needs and choosing your market. Remember, you already have a winning idea. How? You looked for a solution for a number of people to a certain problem that they may have in life.
You started right.
Many start-ups bear in mind the desire to look for a unique and desirable product foremost, and then, a market, which comes second after the magnificent product.
However, always start with a market.
There is always a group of people searching for a solution to a problem, but not finding many results. Too many services and products are called themselves innovative and trend leading, we are so lost in the world of “for a better cause of humanity and branding identities” that simply when it comes to finding a solution to a small problem in our daily life, thinking about having one direct and functional solution seems too “far-away”.

Step 3: Niche: the product that sells - product viability

“The leading move: the product that fights for itself.”
It is time to move towards the star of the show – your key products/services. You have to determine your own “niche” in this. Do not worry, you have already done parts of the niche process in previous steps, which is making sure that the product you are about to sell is the right product with the potential for serious profitability.
In another way, this step requires you to take a further step in resolving the problem given in the idea you came up with at first. What exactly will you do to solve your people’s problem or concern? How will that be done in detail?

Step 4: Market research: when the product meets the needs

“Take a step back to win further steps ahead: validating your product – evaluating trend products.”
You have got the idea, you have figured out the potential market, and, you have even come up with a detailed solution. Great!
Now it is time to take a step back and link all parts together: your idea – your market – your product/service, how it all relates thoroughly. In short, you have to conduct a market research. A market research consists of many parts - What’s included in a market research?. It is important that your key product/ service hits the market perfectly. In order to ensure that, you have to take time to validate and review your product/ service, consider and evaluate some trend products, do some keyword research, estimate your potential customers’ reaction to your product/ service, … there are many things you can do to have a deeper understanding of the current market that you are about to be a part of.

Step 5: Be the winner before war - know your competitors

“Know what is already working and what can be improved.”
In order to launch yourself in the market, you have to define your branding and positioning in it. Analyze your competitors to see how they are doing.
  • Who are your competitors?
  • What problem are they solving for people?
  • Who are their customers?
  • What are their products/services?
  • What are peoples’ responses to their products/services?

Step 6: Break it or make it - learn the online business law

“Online business rules you need to know”
Be willing to learn. There are many factors that can make or break your business if you are not aware of them. After all, you can not be an entrepreneur, let alone starting an online business, if you are not willing to learn.

Step 7: Build your store - online website: the game changer

“The world of online trading and how the online shopping experience changed the game.”

The importance of shopping experience

It is already known, that in this age of information, everything is diverse, this includes your customers and their needs and wants. If you do understand your customers, you will know how the overall shopping experience has been the real game changer between businesses all along the online trade.
What was once a human story about value and values exchanges and conversations has turned its way to the “intelligent retail”.

Step 8: Product: know it, now get it!

“Understood - there is a need for your product and there are customers who are longing for it. Ways to source your product.”
Well, once you have already set up your market, your website and the product you have in mind, it is time for the next step – get the physical product itself. So, how can you source the products for your retail? Here are some methods:
  • Work directly with manufacturers
  • Work with wholesalers
  • Or, just make your own products

Step 9: Marketing: one more thorough step towards customer service

Email marketing

You must know that the email list is one of the most important assets you have when growing an online business. By having an online store or online shopping channel, through these channels, a list of potential customers should be built. The more contacts you get, the more successful your email campaign will be.

Step 10: Learn from experts and successful online business

“You can figure a way out of the jungle, but you can rather be quicker and just walk out of it – Guidance and directions are important.”
We say it short: there is a difference between operational and successful. Manage your time wisely and learn from the experience of the ones who already made it and are still doing it great!

Final words

We have already been sticking with you through the “10 steps to start a small business online” and the only left to do is for you to start. Follow these guides and know that you can not go wrong with the basics!

Saturday, March 30, 2013

10 Ways to Success - Ads Sponsor

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