Business Online-A primary guidelines
Introduction
Business is the work that person or company does when they buy & sell goods & services. The main objectives of the business are building up or generate financial return in exchange for work & acceptance of risk. Business can also be formed not for profit or to be state owned.
Formations of business are
• Proprietorship,
• Partnership or Pvt. Ltd or public Ltd.
• Corporation or Co-operative,
Types of Business
Business types can be divided in to
• Agriculture,
• Financial Business,
• Information Business,
• Manufacturing business,
• Real estate business,
• Agency Business,
• Service Business,
• Transportation Business,
• Franchisee Business,
• Utilities Business,
• Home Business,
• Online Business,
Online Business.
It is commonly known as e-Business or electronics businesses. This is buying & selling system of products or services over electronics system such as Internet & other computer networks.
In conventional business a small room & some cash is required. This is the primary requirement of a conventional business but in e-Business, requires a small capital, get 24*7 coverage & a worldwide market. The Internet is the perfect place to start small business.
We can categorize the online business system in the following way:
- You can sell your own physical products. Sign in Internet auction site like eBay or other auction site. There are tons of listed products & millions of online shoppers worldwide. You can sell your physical products here.
- You can promote or sell others company’s products & earns commission from them. Be an affiliate marketer! It is a middleman business. We find success by linking users to a product, service or information. It has a low start-up costs, immediate feedback from users & has ample advertising opportunities.
- Be an online copywriter, proof reader & article writer. Some good site is editfast.com, associatedcontent.com, triond.com, bukisa.com, kpwriting.com. You can charge or paid, depending on you're writing & English skills.
- Some people earn money from promoting e-guides and e-books online. Others may develop a personal product or offer consultancy in various activity sectors. Some people earn from moderating a forums.
- If you have a digital camera or camera, having passion or hobby in photography, you can easily earn money from Internet. Some good sites are istockphoto.com, DreamsTime ,SmugMug Pro ,Big Stock Photo ,Fotilia and Big Stock Photo.
Primary Requirements for Online Business:
1. Know your market & customer: Research on your market's need. You can find them in forums, bulletin boards, and chat rooms and so on. Participate in their discussions and find out what they want in a product. Do not try to sell anything or everything.
2. Draw up a Business Plan:
• Ask yourself what you would like to achieve in your business? What are your goals and how are you achieving it? Fix some goal setting and a timeline for how long you feel you have achieved your goals.
• Draw up business tactics. First think & plan what are things we do first, like building a Website, blog, & market research etc. Also plan & note down how to get your market to your Website, how to sell the products. Also, note down the initial costs.
3. Setting up a Website or blog: To set up a Website, it is required to first obtain a web host. Primarily you can use free web host like, tripod.com, angelfire.com, bravenet.com. A web host is an Internet hosting provider that allows us to provide some space on the Internet to set up a Website. It is up to us how much space and bandwidth required to promoting the products. Primarily I think 2GB of space and at least 500MB/second of bandwidth is sufficient. Bandwidth is essentials because it regulates how fast the Website will download the visitor's screen. After completing Website fill the site with the products, pictures and some good quality content. As a whole site must be attracting to the visitors so that visitor visits the site regularly & shop from the site & also refers the site to the others. You can build up your blog also to promote your products
Think Constantly about your Business Plan:
Taking help from online business course if you want to learn more about online business & always thinking & move what is the next and implement them. Find solutions of the problems you face. After starting a small business online it is required to plan every single step very carefully. A lot of hard work is required primarily, but once it is up and running, things will move forward.
Conclusions:
Due to world financial crisis online business ideas become more and more appealing & popular between the people. People will focus on home-based opportunities due to thousands of jobs lost. People think seriously about the possible online business ideas. Internet modifications also have started too, like Google is labeling many sites as spam and discarding them.
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