How to Start a Business Online

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Post on 03-Dec-2015

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Establishing your online presence offers your business great visibility. The online market is global and this means that you will be accessing a wider audience beyond any specific boundary.

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Slide 1Gabriela TaylorAuthor, Entrepreneur and Holistic CoachHaving an Online Presence Offers:GLOBAL REACHGREATER VISIBILITYLITTLE OPERATIONAL COSTSHOW MUCH DOES IT COST TO START AN ONLINE BUSINESS?There is no fixed costThe amount of money you spend will entirely depend on factors such as:Business goals and objectivesThe type of product or service you are looking to sellThe size of your businessOther Cost FactorsDesigning and creating your websiteE-commerce storeCost of setting up a payment structureHOW MANY TYPES OF ONLINE BUSINESSES ARE THERE?AFFILIATE MARKETING INFORMATIONAL MARKETINGSELLING INFORMATIONAL PRODUCTSECOMMERCE SITESIt entails selling other peoples products to earn a commission from every saleThe key here is to provide information that is highly sought after by a significant niche that is looking to purchase related productsIt entails selling mainly ebooks and courses that show people how to do somethingThis would require you to establish an online store and then ship products to customers who make ordersHOW MUCH TIME DOES IT TAKE TO BUILD AN ONLINE BUSINESS AND MAKE MONEY?The length of time it will take depends on the type of online business you choose to pursue and the logistics.It will also depend on the type of product you sell, the demand for the product and most of all, your ability to sell the productDO I NEED TO BUY A BUNCH OF STUFF?This too depends on the type of business:Affiliate Marketer - You don't need to buy anything. The Merchant will provide you with everythingE-commerce Store You need to buy the products or dropship themOwn Website You need to buy a domain, hosting (minimal fees)DO I NEED TO BE A COMPUTER EXPERT?No, but you need basic skills such as:Engaging an audience on social media and blogging platformsWriting great content and maintaining a blogBasic knowledge of using website editorsWHAT SHOULD I INCLUDE IN MY BUSINESS PLAN?Your Business Plan should include: The objectives of your online business Your target audience An analysis of your niche market Start up costs Metrics you will use to measure success Website layout Shipping and payment infrastructureRead MorevGabriela TaylorI coach, mentor and teach like-minded entrepreneurs worldwide to become the BEST version of themselves and make the most of their TIME, MONEY, ENERGY and INNATE TALENTS.VISIT GabrielaTaylor.com