Saturday, August 22, 2009

5 Tips To Launching An Online Business

By Harvey Wisenmark

The times are not changing, they have already changed. There are very few consumers left who do not conduct business via the internet. Phone books have become obsolete and so have advertisements which cannot be traced online once a prospective customer has come around to considering buying the product or service advertised. If you have an idea for a new business, or if you have an existing business which is losing its customer base due to lack of promotion, it is time to take the next step and take your business online. These tips can help you get started.

1: Be sure you have plenty of time to invest in this business. If time is an issue with you already, there is no way you can be successful in starting a business. Any type of business takes time, time, time. You should at least expect to spend 60 hours or more a week when you begin your online business, if you are going it alone. This is time for all the details involved in whatever it is you plan on doing.

2: Recognize who your buyers are, target the un-targeted. Know your customers and target needs that your competitors neglect. Identify common consumer problems and list the ways in which your services can solve them. When consumers shop for services online they are usually looking for a very specific solution to a very specific problem. The key to selling online is to advertise solutions for problems that people need to solve.

3: Research the kind of website that will best represent your company to your clients and choose the appropriate software. The average time a customer glances at a commercial site is 45 seconds. If a prospective customer has a difficult time finding what they are looking for they will move on. Not every website needs to be a complicated jumble of buttons and links. By maintaining perspective and creating a site that is both well designed and easy to navigate, you can maximize the potential for profit. Invest in software that will not only fit your current requirements but also will allow for future business needs.

4. Advertise creatively. Viral marketing can attract thousands visitors at almost no cost. For example, create an extremely funny short video of a minute and a half or less. In one scene, have a coffee cup with your company's logo clearly visible. Upload the video to YouTube, and curious visitors will begin to trickle in.

5: If you have any doubt in your mind about starting this at all after doing your research, then don't proceed. You will end up losing money and determination. It could alter your self-confidence in the event of failure, resulting in a loss of interest in business. In no way do you want that to happen.

If your goal is to run a successful online business, creativity is the key. You will need to do things that other businesses aren't, in order to steal traffic away from larger sellers. This will mean taking the time to ensure that your site looks right to search engines, taking the time to look for an unsaturated market, advertising in ways that others are not, being willing to lose a little money at first in exchange for long-term gain, and diversifying as much as your budget will allow. Finally, once you find a product niche, stick with it and make it work. Your first year of doing business may be a lean one, but if your startup survives, you may have a successful business for many years to come.

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