Preparing for O/L Launch #1

from Leads Leap.com Blog 7/13 enhanced by Peter/CXO Wiz4biz

This Blogger has started several online businesses since 2006. One question that I’ve always been asked is, what are the steps in starting an online business. In this article, I will discuss the various steps I would have taken if I were to start another online business. Hope it helps.

1. Come out with a good Business Idea
If there is a formula in creating successful business ideas, I would say it’s Technical + Business knowledge.
Technical knowledge includes specific knowledge relating to your niche in the market, as well as general web building know-how. Say if you are interested in scrap-booking, the technical knowledge will include scrap-booking knowledge & web programming skills such as HTML, PHP, Javascript etc.
Business knowledge refers to an understanding of the various strategies that webmasters use to make money from their websites. You can get this knowledge through observation as well as from eBooks & courses.
Luck ??? You don’t need to be an expert in everything, but generally, the more you know, the better your business idea will be. As the saying goes, luck is “When preparation meets opportunity”. As you build your technical & business knowledge, more & better business ideas will come to you. You may ask, what makes a good business idea?
A good Business Idea solves a problem that many people are experiencing. Many of my businesses are created to solve my problem, and I make the system available to other people and make money out of it.

2. Design the USP.
(Unique Selling Proposition) If you are new to this term, simply Google it to learn more. Why is USP important? A strong USP makes it easier for you to make an impact in the market. In business, you need to assume that your prospects have short attention span. If you can’t arouse their interests in 10 seconds, you will lose them. A strong USP, if communicated effectively, will make your prospects think twice about your product.

[ Design the USP continued, determine Traffic sources & Income sources, Analyse in Premium Content ]