Getting Started: Creating a Business Plan

Getting Started: Creating a Business Plan
Copyright © Dr Loot Gous
http://www.HomeWorkRiches.com

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
deter 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.

About the Author:
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To find the best home based business ideas and
opportunities so you can work at home visit:
http://www.HomeWorkRiches.com
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I have a sale on - please hurry

Today I have a very special price for you
(unfortunately the offer could not be for very long
and only as long as stocks last)

CT44 Maxam 44pc Kitchen Cutlery Set
Reference Retail: $61.95
Selling Price of: $19.84!
A real Bargain
(Postage is additional)

You can find it here:
http://lootgous.fscstore.com/
Look in the Cutlery Section

Hurry, Hurry, Hurry.


Maxam 44pc Kitchen Set. Includes cutting board, chef bread carving, utility boning, vegetable, paring knives, meat fork, and 6 steak knives, cutlery wood block 7 pc nylon kitchen tool set, 5 measuring cups, 5 measuring spoons, 5 pc utility set (pizza cutter 2 utility knives potato peeler cork screw), and 6 bonus steak knives. Lifetime warranty on the cutlery. Gift boxed 8 lbs. 4100PT 61.95 Item #CT44

Reference Retail: $61.95
Selling Price: $19.84!
You can find it here:
http://lootgous.fscstore.com/
Look in the Cutlery Section

Feel free to look around – I am certain you will find a host of bargains here. Please let me know what you think of the pricing.

Kind Regards
Loot

Quite frankly my dear

Quite frankly my dear
Copyright © Dr Loot Gous
http://www.HomeWorkRiches.com

Today is one of those days that I should rather
not be writing anything – yet here I am…

Is it not quite sickening? FREE this and FREE that
Until you feel FREE yourself.

And then you get sipped into the cheapest
Marketing strategy of all – the FREE one.

It catches your eye – it forces you to click the button.

And then you are immediately drawn into a vast net
Of super marketing strategies all aimed at
Claiming up your well earned cents.

You must pay up now…
This offer will NEVER be repeated boykie!
Pay up or forever lose this opportunity.
Ouch – dirty…

And then I nearly, nearly spent my last cent
on a piece of software I dearly wanted
but could definitely not afford right now.

Because – the opportunity will be lost forever.

And so – was it free? Was it really and truly free?

I once heard the saying: “There is no such thing
As a free meal”. And more and more
This is becoming true.

At the end of the day
For one person to earn something
Another must pay something.

Well what can I say?
I am trying not to fall into the same trap.
If I say for free – I mean it.
And still – after all – I need money too.
So after I gave you one thing for free
I sit and I pray that you will go further
And will eventually buy something
So I can earn something.
So I am telling you up front
Please buy from me!

Kind Regards
Loot

About the Author:
-----------------------------------------------------------------
To find the best home based business ideas and
opportunities so you can work at home visit:
http://www.HomeWorkRiches.com
-----------------------------------------------------------------