Developing a web site without a written business plan is asking
for failure.
Whether you are considering a web site for reselling other
peoples products, starting a work at home business, selling
your own products, or any other business for that matter you
need a written business plan before you spend your first dollar
on a web site.
There are over 162 million web sites on the Internet. Getting
recognized, building an opt-in email list you can sell to,
gaining customer confidence and then building a business on the
Internet is not as easy or as inexpensive as some try to make
you think it is. Typically you don't find this out until you
leap into it, find out it isn't easy, it does cost money, your'
re not getting ranked on search engines, and you have few, if
any, visitors to your site and no sales.
You then start going in a circle trying to figure out what your
doing wrong. You spend money buying products that are supposed
to help you make it happen, hiring consultants that tell you "I
can save you; just hire me or but my products," signing up for
pay per click programs, doing keyword analysis and writing
articles all to still find out it's just not working. After
spending months and hundreds of dollars most people get
frustrated and quit. There are literally millions of dead web
sites out there, representing lost dreams of people just like
you.
How can you avoid losing your dream? Just like any brick
and mortar business, in order to have any chance of succeeding
on the Internet you first must develop a well thought out,
written business plan. To put a business plan together
you have to research your market, your competition and where
your sales opportunities might be (your niche in a market),
evaluate your strength and weaknesses, and get a better
understanding of what you are getting yourself into.
A business plan will help you determine the potential for
success, how long it's going to take to make money and how much
it's going to cost you. If you're not willing to take the time
to research the business you want to pursue and write a
business plan, the odds are greater than 1,000 to 1 you will
not make it. You'll get better odds in the stock market or
while having fun in Las Vegas or Monte Carlo.
Trust me most people cannot develop and run an Internet
business all by themselves. You have strengths and weaknesses,
but no one, not even you, can learn everything needed to build
a successful business on the Internet. It's not as easy as
putting up a web site and presto, your' re in business. It's
the ongoing care and feeding of the web site that's going to
make you successful.
Your plan does not have to be in a lot of detail unless you
also look to using it for your business funding requirements or
setting up a strategic
alliance of some kind. Typically a good 8-10 page business
operating plan will suffice. For this article we will stick
with a simple business
operating plan.
An operating plan deals with:
-
How much it's going to cost you
-
What your revenue goals are
-
Defining your market niche
-
Your strategies and tactics
-
How you're going to operate on a day to day
basis.
This plan should be written then reviewed regularly (weekly at
a minimum to start.)
An outline for developing a typical business operating plan
is:
-
Define your current status and what you personally want to
accomplish.
-
Define yours and the business' Vision, Mission,
Values
-
Put together a SWOT
Analysis, Strengths, Weaknesses, Opportunities,
Threats. Marketing plan. This should include at a
minimum:
-
-
Product or service offering
-
Market Niche
-
Competition
-
Keyword definition and analysis
-
Strategies and Tactics
-
Revenue goals
-
Budget
Once the operation plan is in place you are ready to develop
your web site with a higher probability of success.
- Andrew C. Nester
Andrew C. Nester is a Business Management Consultant
providing business strategy processes and support to companies
of all sizes. Visit our Web site at http://www.bizstrategies.biz/business-planning.html
for additional information on Business Planning and get your
free white paper, "Business Management Coaching: Who Needs it
Anyway?" You can email Andrew at or
you can reach him by phone at 707-987-8375.
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