Starting up any business is not an easy task considering the trend of increasing highly competitiveness in the market day by day. Under the circumstances, we feel that internet is the easier mode of business in the today’s marketing behavior. It requires less start up capital than traditional business. But the success of internet business depends mainly on:
(1)Innovative idea with marketing plan
(2) Sincere and tired less effort
(3)full- fledged commitment and
(4) punctuality without leaving any room for compromise.
In fact, punctuality plays a vital role in the success of online business .One needs to deliver his work on time, as even a little delay may lead to cancellation of order.
Internet not only provides huge information on any subject but provides various business opportunities also. However, in order to make any business successful one has to learn the tricks of online business. Online business idea will guide you to choose and run the online business successfully.
Steps To Start Business:-
1-Selection Of Business - First of all it should be clear in your mind that what kind of business you want to start based upon your time, interest and funding.There are many ideas for online business.However ,while choosing the business to start, you must keep in mind your skill,strength and weakness also. Some of the business ideas are given below:
1-E-Commerce
2-Auction Selling
3-Affiliate Marketing
4-Freelance Services
5-Online Data Entry
6-Virtual Assistant
2- Market Research: - Use Google search engine, study and gather information about the business you want to start. Always keep in mind that the market or type of business you choose should not be over saturated with online businesses. Be sure it’s unique.
3-Business Plan:-If you want to convince your investor first of all make a solid business plan. It includes an overview of your business, an idea of market and your competitors, description of your company,your unique sales and marketing ideas, a description of your product or services and last but not the least budget and funds.
4-Funding Option:-For funds you can contact your local bank, local investors, venture capitalists and your relatives and friends.
5-Get Registered: - Create a legal business entity for your internet business. Apply for license locally. On the small business administration website you can easily find state and local license requirements. Register your company and get a TIN (Tax Identification No)
6-Design Your Website: -Next step is to design your own website. Contact Web developer company they will recommend an e-commerce tools as per requirement.
7-
Promote your website Business:- You can promote your website online through pay-per-click advertising,
search engine optimization (SEO), blogging, emails, newsletters and even commenting on other sites.