Business planning

Tips on How to Start/Run Your Own Online Business

online-businessIf you want to start your own business, but you don't have enough capital to open a store, then starting an online business might be just the thing for you. It is a lot cheaper and simpler, but this doesn't mean that you won't need hard work to make it profitable. If ran properly, an online store can reach millions of people on the web instead of having to wait for someone to walk by and enter your shop. However, there are certain things that apply here also, such as good marketing, quality of products and services, etc. If you already have started a business of your own and it is not working as well as you would want it to, or if you plan on starting one, read the tips bellow carefully.

Find what is demanded and provide it

Many people make a mistake since the beginning by focusing on the product first and not on the market. No matter how good your product is, even if it's better than the others that are on the market, you can't expect to break through if the market is already filled with similar products. Especially these days, when there are a lot of big fishes on the market that invest a lot of money in advertising, you can't expect people to notice you among them. If you want to increase your chances of success, start with the market. This is fairly simple; find a group of people that you will be aiming for as customers. Just search the internet for common problems that people need solutions for but there aren't any. Here is what you need to do:

  • Research keywords on the internet to find the most common keywords that people are searching for and for which only a few results come out.

  • Research your potential competition to see what people don't like about their service, or find out what you can provide additionally to attract customers.

  • Search all related forums and see what kinds of questions people ask the most, and with what kind of problems are they having troubles.

If you want a deeper understanding of the market, better research and more information, I advise you to do a bit of market research-the more information you have, the better you will know where there is room for business.

Product

Think of your product as a customer. How will it help me? Is it worth the price? Can I use it for something? These are all the questions that a regular customer will ask. There are certain things that you must fulfill concerning your product:

  • Explain what the product is used for/what problems it solves.
  • Describe your credibility as the solver of this problem.
  • Talk about the benefits of your product.
  • Guarantee for the product.
  • Create a quality product.
  • State the product's uniqueness.
  • Make your service flawless, and have no restrictions when it comes to who can buy your product (availability all around the world).

Make a representative website

The website is the key for attracting customers online. If your website is badly designed (created), it will chase away the potential customers. It is important that your website is appealing; a website can make your business look bigger than it actually is, and this will boost the confidence of potential customers to buy something. Here are some tips that you should also keep in mind:

  • Put one or two simple fonts, and put them on a one colored background.
  • Make it easy for people to navigate through your site, and apply it on every page.
  • Make your website user (customer) friendly.
  • The process of buying or communicating should be easy.

These are the three main things that you should pay most attention to. There are certain technicalities that you must do before starting your own website. You must get a domain, a domain name and a hosting service. Choose your hosting service carefully and research every one very well before choosing. There are various options that hosting services offer so, see what suits you the most. What you should also keep in mind is to see how customers have been satisfied with some web hosting services. I personally know of several cases in which the hosting services were unreliable and ruined a business. I hope this helps you start your own.

A post by Ivan Dimitrijevic (153 Posts)

Ivan Dimitrijevic is author at LeraBlog. The author's views are entirely his/her own and may not reflect the views and opinions of LeraBlog staff.
Ivan Dimitrijevic is an CEO and founder of MyCity Web and seasoned blogger/marketing consultant with years of experience. His skill sets include Social Media Marketing, Search Engine Optimization and blogging on a wide variety of topics. He is a digital marketing & business consultant and has had many articles published on serious blogs over the years on topics ranging from Digital Marketing, Tech and Online Business to Home & Family, Health & Wellness and Architecture, Real Estate & Design.

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