Starting An E-Business? Well, Here Are 12 Important Factors Of Internet Marketing You Need To Plan For Before Launching Your New Online Venture!
I know that writing a good business plan can be an scary task for most new entrepreneurs, but the truth is that you don't need to have an award winner internet business plan, what you need is a basic plan you can refer to anytime to help you keep on track on achieving your marketing and revenue goals. Also, remember that you can change your plan to fit new or greater goals, and to adjust to new changes in your industry and marketplace.
Here is the 12 Internet marketing factors you need to plan for before starting your new e-business:
1.- Your Internet Marketing Research Analysis:
Here add all the information you got from your market and keyword research that says your niche is a profitable one.
2.- Your Product or Service Information:
Explain your product or service in details, what type of solution provides, and benefits for your target audience.
3.- Your Unique Selling Proposition:
Here you need to write about your unique selling proposition, which is what is that makes your product or service better or unique compared to the ones offer by your competitors.
4.- Your Market Revenue Opportunity:
Here you need write more about what problems you are going to fix, the size of your market, your market trends growth, and who is you are competing with.
5.- Your Online Revenue Model:
This is simply how you are going to make money from your Internet business. You can also write about each stream of income you are going to start with and add later.
6.- Your Management Team:
Here add the qualifications of your management team. If you will be the only one managing the e-business you need to list your skills and qualifications, this way you can have a clear look into the strength and weakness of your management department, so you can outsource help if needed.
7.- Internet Business Strategy:
Write down all your company long term goals, and also your monthly goals. Make this goals realistic, but not too easy to achieve.
8.- Your Sales And Marketing Distribution Strategies:
How you are going to tell your target market about your product or service, and how are you going to make it available to them.
9.- Funds Needed To Start Your E-Business:
You need to have a clear knowledge of the start-up cost of your Internet business venture.
10.- The Company Project Revenue:
You need to make a chart of the projected financial statement for your company, that include operation expenses, marketing expenses, sales projections, profit projections, etc...
11.- The Value Of Your Company:
After having your income statement you need to think of how much you will sell a percentage of your company. This is important if are planning to raise money for the operations and marketing of the company.
I hope you found this factors easy to understand and to put on practice, if you have any questions please feel free to add them using the comment link below this post.
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In Conclusion: It doesn't matter if starting an offline or online business, if you want to be successful you really need to have a business and Internet marketing plan.
To your success,
Luis Galarza, Internet Marketing Consultant Massachusetts.
A proud member of
- The International Association of Home Business Entrepreneurs