Want to venture into having a your own business but doesn’t know where to begin?
Here are some pointers you can use in setting up your own business.
1. What will you be selling? – This is the most basic of all, this will also determine if you will succeed in the industry that you will select. Most of the start-up entrepreneurs they use the trend as their basis in deciding on what business they will start, because they think that will have their Return On Investment (ROI) immediately since they cater to a big market. There’s nothing wrong in pursuing what is trending because it gives you a bigger chance to get your ROI faster. But some experts, this kind of mindset will give you problems in the long run, fads only stay for a short period of time and this kind of business is not suitable for long term. Do what you are interested in, if you love baking, put up a small bakeshop, you will only have success if you do what you want.
2. You need to test the waters first. – As a starter, it is smart enough to have a trial first, if you love baking, make some sample / free toast and offer it to your friends and neighbors, if they like what you did you can ask for some advice if you will pursue it. They are automatically part of your market.
3. Create a business plan – if you now decided on what you are planning, it’s time to create a business plan, launch your own online store, you can create your own e-commerce website using free applications such as wix.com, webs.com etc. or better find an online consulting company like John Phanchalad to do the website for you. Aside from the website JP Digital Tech, his company is also offering different online advertising methods that you can use to grow your business.
For more tips and ideas about Internet Marketing By John Phanchalad of JP Digital Tech, visit http://john-phanchalad.tumblr.com.
John - Phanchalad 