Posts Tagged ‘Planning’

Planning And Starting An Online Business

You will find that the basics and logic of business remain the same, regardless of whether it is an online business or offline. The difference lies in the fact that, to run an online business successfully, you will need to know the fundamentals of any business and have an understanding of the dynamics that drive web-based businesses. Let’s break this up. To start a business, you will need to have:

* A great business idea
* A solid, realistic business plan, including the financing aspect
* Understand legal issues
* Understand accounting and taxation issues
* Construct a marketing strategy
* Create and maintain a customer base and plan customer service

To start an online business, you will also need to:

* Make sure your business idea works for an online business
* Decide whether or not you need to start a website
* If you do need a website, you will need the technical skill to know how to start, run and manage one
* Understand online marketing and advertising tactics and tools
* Find new and creative ways to drive traffic to your start up online business
* Understand dynamics of customer interaction for an online business

So start with your business idea – try to do a SWOT analysis, i.e.…

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