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Understanding the concepts of online business is not that much challenging. However, with huge information avilable, it's easy to get confused about the right step to start online business. Here is the power point presentation that will help how to do online business easily.
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DELIVERED BY:Sheila Elliott FCCA, MBAVisit www.businessservicessupport.com Tel: 0845 226 4315
Business Start-up-How to Start An Online Business
copyright© to Business Services Support Limited 2011
Key Objectives
Overview of the online market space What types of business are you interested in Researching business opportunity for profit Planning for your business- a business plan The importance of website for effective online marketing Selling own Vs other people’s products Drop-shipping – does it really work Online marketing tips
copyright© to Business Services Support Limited 2011
Overview of the online marketing space
E-commerce sales are growing by over 19% per annum and estimated to be $1.4 trillion by 2015More than 80% of online population has used the internet for purchasing goods or services.Over 50% of the online population shop regularly onlineBenefits of internet shopping abound
Are you a spectator or are you a seller online?
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What can you sell online & benefits
You can sell almost everything online. Goods and services of all types can be marketed onlineThe benefits are significant and you don’t want to miss out.
Think of any type of business and check it on Google and there is a good chance a site will be there selling a related product or service.
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Is there a market for your business, online?
How big is the market?
Can you compete in this market?
Can you make profit in the business?
How do you get objective answers?
How do you make your decisions?
https://adwords.google.com
Researching your market for profitability
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Business Planning- you cannot go without this
What is your product
Who is your target market
What is the price range for the market
What is the resources required for you to start a business- website, human, suppliers (merchant account, utilities, PC, telephone, other resources etc).
How would you market and sell to your customers
What is your financial projections
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Tips for setting up your website store
Simple and easy to navigate with online shop facilit
y
Search engine friendly- meta tags and descriptions, keywords, meta titles, co
ntents for optimisation an
Cheap to maintain- you have control over access and editing contents without the need for too much exp
enditure
Reliable hosting service provider with no downtime
as far as possible
Testimonials in videos and words to persuade custo
mers
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Selling your products versus affiliate marketing
You can sell your products on you own websites or other peoples website (E-bay, Amazon and other market places).
Selling on your website and other peoples website is another option
You can find other peoples products from market places and sell them for commission – affiliate marketing
Commission junction, Link Share, Amazon and many affiliate programmes exist- watch out for scammers.
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Selling your products versus Drop-shipping
You can sell other peoples products on your own website and get the suppliers to drop ship to your customers.
Drop-shipping should save you a lot in inventory costs and capital investment
Drop-shipping requires reliable suppliers that ship anonymously
Some working capital is required and there is still some risk of charge back for fraud.
Strong supplier relationship management is required for timely delivery and returns
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Online Marketing Tips & Our Training Courses
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Our training Courses & Coaching Programmes
Digital Marketing by renowned internet marketing experts-short courses online plus qualification courses- internet markteting fundamentals, social media marketing, per per click advertising, youtube and video marketing, SEO fundamentals
Online courses in starting your own business, starting your own blog site, business planning, financial management, sales and marketing, time management, communication – live training plus videos and templates
ILM Business Enterprise Training Course- qualification based course
Books- My Business Is My Business & various other resources
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Conclusion – The End
For more information about our courses visit:
http://www.businessservicessupport.com