Friday, August 28, 2009

A Full-time Internet Business - 5 Factors For Success

By Jeffrey Willis

We would all like to be our own boss and not one of the wage slaves. Perhaps you have had your brain wave and are thinking of setting up a full-time internet business. Then there are 5 key areas you need to think about to help ensure your brilliant idea is as successful as possible.

The first thing that needs to be done is you really need to write business plan. It sounds boring, but it will be the most sensible and rewarding thing you can do. Until you get down on paper what it is you business means to you it is simply a pipe-dream. Writing it down is the tool to focus you on what you intend to do and what issues still need to be addressed. The good thing about this is you actually don't need the answers yet to the questions but asking them gets you thinking.

Once the plan has to be formalized you need to share it with someone else. Get their opinions and make sure those opinions are honest and objective. They may see the business in a way you had not thought of and that will help your overall approach.

Start thinking about how you are going to operate. Do you intend to use the spare room in your house or are you going to use a rented office space. Most people work from home when setting up a full-time internet business - who can afford to pay for extra expenses in the start up phase?

Your website will be a key component in your business. If it isn't user friendly and informative you can wave most of your potential customers away. It doesn't need to cost the earth to set up but it does need to be clean and clear, easy to use, and make it easy to communicate with you if customers want to.

Consider your profile. Starting out it takes time to get you name on everyone's lips. But you won't get any orders if people don't know you are there. Focus on local magazines or groups associated with your product and think how to advertise or demonstrate your product to them. Talk about your business everywhere you go - friends, family, parties etc. Get your web presence up, but avoid spamming people. If you want a serious full-time internet business then you need to behave sustainably.

Learn to be patient. This is a business and will take time to get rolling properly. There are no shortcuts to perseverance and good work.

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