I 8 Steps to Creating a Successful Online Business
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Online
businesses can be some of the most profitable enterprises around - with
low overheads and staff requirements, the potential to make money is
huge. But most online start-ups fail, so how can you differentiate
yourself and make a success? Here are the 8 steps you must follow to
begin your business.
1. Have a killer idea
It’s not enough
to copy something that has already been done, or to create something
lackluster. You have to really capture the imagination of your audience,
and give them something that they really want - even if they didn’t
know they wanted it until you came along. If you have a basic idea, work
on it and come up with a unique selling point which will make you stand
out. Just check out these 3 odd, yet successful online businesses you would have never of thought would be a success, yet they are.
2. Set yourself up
The first thing you will want to do is choose a business name,
but before you go telling everyone, make sure the domain name is
actually available. If you can’t get the domain name your after you’ll
have to look at alternatives.
Thankfully, new domain extensions are becoming available, so if the .com for your business name is already taken, there are now over 1,000 top level domains
available to help you find one to suit your business. For example, if
you’re an online coffee seller and the domain name yourbusinessname.com
is taken, you could register yourbusinessname.coffee instead.
3. Create Your Brand Image
Alongside your
new domain, it’s time to get set up on social media. Claim the name of
your business everywhere you can, even if you don’t intend to use them
all at once. It’s better to have the name reserved to prevent someone
else getting hold of it first. You should also create a logo that
represents your brand well, a brand colour scheme, and a tone of voice with which you will communicate with your customers.
4. Get Out There
Even if you are
still waiting for your website to be built, it’s time to get out there
on social media. Start following people, putting up previews of what you
will sell or what’s going on behind the scenes, and generating
interest. Respond to comments
as much as possible so that people can see you are a keen start-up with
lots going on. The more interest you have in your website at launch,
the better - you can even start building a mailing list now ready to
send out first-day offers.
5. Launch With Fanfare
Don’t just
quietly open your website and wait for everyone to show up. Shout it
from the rooftops! Post about your new site as often as possible on any
and all social media.
Send out an email to your mailing list, and remember to copy in friends
and family who would be interested. You can even get in touch with
local newspapers or websites in your niche to ask them to feature your
launch. Get the news out in any way that you can.
6. Find Influencers
One of the
biggest keys to success in the online sphere is the support of
influencers. These are people with large social followings and whose
recommendation is enough to drive huge sales. You may have to pay them
or offer them a lot of free gifts, but it’s worthwhile to get someone on
board. Ask them to post as much as possible about your brand to drive
those visitors over to your site.
7. Stay Solid
If you have
prepared properly, you shouldn’t have a problem with the launch. Your
servers should be sturdy enough to handle large amounts of traffic, and
every element of your website should have been checked to ensure it
works properly under pressure. You should also be able to respond to
emails and social media comments in a timely manner to ensure that you
don’t lose sales.
8. Analyse and Repeat
What is your
best-selling product, and how can you create new lines in a similar
vein? Which social network is giving you the most referrals, and how can
you leverage that further? What kinds of posts have been your most
popular, and how can you create more like them? Never rest on your
laurels, and constantly test what you are doing. The key to success is
growing and always working as hard as you did at the launch. The instant
you sit back and relax, you could find your leads dwindling and
interest waning.
It’s definitely
not easy to create a successful online business, but it can be done
with a lot of perseverance and just the right amount of luck. Good
planning is something that you can’t put a value on, so be sure to
follow these steps and have a strong business model in place before you
begin...
