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  1. Collapse Details
    Great post megabuff! I think you make a great point about spending at least some money on advertising. You can drastically increase your potential market just by spending a few dollars per day in advertising. You have to monitor the quality of the increased traffic still. However, I would still agree it is worth the investment.


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    Yes. Business plans are indeed essential. Thanks for the tips.


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    I learned a lot from this post. I actually learned most of these at school but it's also good to read/know someone else's perspective. It's not easy to create a business plan and start a business. You are never certain of the outcome but that's part of the thrill. Although, I never really liked not knowing what's going to happen. I'm trying to create my business plan now and I'm kind of scared of the outcome but I know I have to take the risks. I'm hoping for the best.


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    Good tips in your post there. I believe without a business plan you will not be able to make a good amount of money from the business. Also on several occasions you will derail from the main objectives which in the first place you do not have.


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    This is great information. I think a lot of people don't consider a business plan, they just assume that everything will work itself out. It's always good to set up something like this so you aren't left twiddling your thumbs not sure of what your next step should be.


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    Thanks for sharing the useful content. It would really help the people who are actually trying to start up a new online business. The useful methods and the way to start up the business are worth reading.


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    This post is really interesting and gives good details on starting a business. It will probably help you get more profit from world wide market.


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    Quote Originally Posted by megabuff View Post
    You’re excited. You have a great idea for a profitable
    online business. Maybe it is an original idea that has
    not been marketed online before. Maybe you have come
    up with a new spin on the ordinary. Whatever it is
    that has influenced you to start your online business,
    be sure that you have a plan before you begin. This is
    not the time to “pick it up as you go”. These are some
    basic things that should be included in your business
    plan.

    The business summary should give a brief description
    of the entire business and is an integral part of the
    overall business plan. After you have completed the
    business summary you should begin to list the
    objectives or the goals that you want to accomplish
    through the business. Next and perhaps most
    importantly, you should develop your marketing plan.
    The marketing plan will address all the specifics of
    the business. When developing the marketing strategy
    you should consider the following:

    The target market. The target market is the customers
    that you expect to see visiting your site. For example
    will your product be more appealing to college
    students or those who are in retirement?

    Consider the competition for your product when
    determining the marketing strategy. Choose a product
    that will be seen as unique and useful. Visit sites
    that are offering the same or similar products. Find
    out the cost, and how they are marketing their
    product. Finds out the pros and cons of their business
    and try to improve your product based on their flaws.

    Research the various methods for advertising online.
    You should become educated about search engines and
    how they work since each one is different. Also be
    sure that you know how to submit your site to search
    engines. You should be prepared to spend a small
    amount of money on advertising, but the profits that
    you will gain from the advertisements will prove to be
    money well spent.

    Think about pricing. Again, look at the competition
    and see what similar products are selling for. Pricing
    can play a big role in the success of your product
    since selling a product well below the average price
    may lead customer to think that there is a problem
    with the product or that it is not of the best
    quality. However, pricing items too high could also
    detour customers.

    Determine the shipping method. Be sure that you know
    how products will be shipped so that you can have
    shipping details clearly posted on your site. If you
    are shipping things of great value, you should
    consider providing shipping insurance. Also think
    about shipping outside the country that you live in.

    Think about the different methods of payment that you
    will accept. If your business does not accept credit
    cards, you should be ready to give up half if not more
    of your sales. If you decide to accept credit cards
    will you use a merchant account or will you use a
    third party credit card processing center? Both will
    help you get started and the third party processing
    center will handle all of the business so you don’’t
    have to. You should decide which you will use and also
    if you will accept checks or money orders. It is
    essential to have a secure server when taking credit
    cards.

    These few things will help your online business to
    become a great success and also provide you with peace
    of mind knowing that you have thoroughly thought about
    and planned for the opening of your online business.
    really inspired by your quote


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    Good post . Bussiness with plant You will sucessful.


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    Nice information for starting a business.


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