This will ensure easy navigation and order processing. Viral marketing, using your customers or visitors to introduce your company to other potential customers, is a powerful way to use the social networking aspect of the Internet to your advantage.
Determine what you intend to do better, how you will provide a superior overall experience for your customers. Take a critical look at their websites and marketing strategies.
Websites often provide free information as a way of keeping customers at the site, or getting them to come back. Include revenue streams specific to Internet companies, such as membership fees, downloaded e-books and software or web hosting.
Changing the content frequently encourages customers to visit the site more often--a powerful marketing strategy. In the beginning, your management team might only be you, or you and a partner. Determine what mix of products and services you will be offering through your website.
Describe the human resources you need. Perhaps your vision is to be the leading Internet marketer of books, music and movies that appeal to the over demographic.
The key to success in starting an Internet venture is devising marketing strategies that will bring large numbers of visitors to your site, and do this on a cost-effective basis.
Provide the reasons you chose these particular firms or individuals, and why they have the right mix of experience and skills. Develop your business model--the revenue streams your company will have.
This vision will shape the design, content and themes of your website--as well the types of affiliates and advertisers you can attract to your site. But the tremendous opportunity created by the Internet comes with an equally tremendous challenge: Think long range, a three-year to five-year time horizon.
Establishing a web-based enterprise does not require a large capital investment compared with having a bricks and mortar physical location. Determine your marketing strategies. Design your model so you can market more than one product or service to each customer, and encourage each to be a repeat customer.
But you will need other resources, such as a web design firm familiar with your market niche, a credit card processing firm and perhaps an Internet marketing adviser. Unrealistic financial projections are the No. Start with a simple revenue model that projects number of visitors, and conversion rate to customers, for each product or service you will be offering.
Run a number of scenarios for years one through three until you are comfortable the numbers are reasonable.A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan. This vision will shape the design, content and themes of your website--as well the types of affiliates and advertisers you can attract to your site.
2. Develop your business model--the revenue streams your company will have. Business Plan for an Online Business: Deciding What Business to Build "Don't think of the formal business plan until you actually need it," notes Tim Berry, president and founder of Palo Alto Software, the maker of Business Plan Pro software, who blogs at ultimedescente.com and is the author of Plan-As-You-Go Business Plans.
"If you grow as a company, you'll need it then in what is called the business plan event. We would like to show you a description here but the site won’t allow us. Because of free and simple online website design software and online content management platforms, such as WordPress, it is easier than ever to create a new website.
Within five minutes and a couple of clicks, you can have a home business website.Download