Saturday, January 13, 2007

Tips on starting an online business

As you can probably tell I’ve been reading a lot! Since this blog is about starting an online store, I’d like to share another article I found called 8 Expert Tips to Start an Online Business by Michel Richer.

It’s a little long, so I’ll print half today and the rest tomorrow with a link to Mr. Richer’s information at the end. This is a very helpful article.

The start up costs for internet home businesses are next to nothing compared to the offline world of business start-ups. In fact it is a lot more simple to start and grow a business on the internet.

All you need is some computer knowledge and some internet marketing basis and a good dose of determination.

Here are some basic tips on how to start an internet home business.

1.Write Your Business Goals
It is important to set goals and objectives and then take action to accomplish them. This will be your Business Plan.

Here Are Some questions you should ask yourself:

- Why do I want to start up an Internet Home Business?
- What product or service can I provide?
- Do I have the knowledge and expertise to provide this service?
- Do I know enough about the competition?
- Where will my customers come from?

Take the time to write down your questions and answers and thoroughly research your chosen market.

2.Choose A Product or Service To Sell

On the internet you can find hundreds of product or services to sell.
You can sell your own product by creating your own, or purchasing resale rights or being an affiliate with a good internet company.

Don't put your personal gains first. Make sure that the product will deliver what it promises. When you promote a product that leaves the buyer dissatisfied, you will only be ruining your business. So sell solutions and the money will come.

3. Business Domain Name

One important first step is to choose the best domain name you can. Keep it as short and simple as possible. Think of domain names like " Google " or " Yahoo ". They are short and easy to remember.

I know that some people say to use keywords in you're domain name. But if you choose " Internet Business " there are millions of sites with this term.

And if you are going to use for example "" it might be a nice name but it is too long and not simple.

4. Web Site

Having a good business website is essential to succeed with an internet home business:
A) Decide on the website design (color schemes, buttons, special effects etc). To help you choose a design, you may wish to check out other people's websites or work with your web designer's pre-set templates.
(b) The content. There are many items you may wish to include on your website. The most common ones include:

1 Products And Services
2. Contact Information
3. Pricing
4. Testimonials
5. Frequently Asked Questions
6. Resources & Articles
7. Refund Policy
8. Privacy Policy
9. About Us
10. Site Map
11. Useful Links
12. On-line store

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