How to Plan for a New Online Business Startup

By May.17, 2014

Got a great idea for an internet business? Plan for the year and not just the build.

Many clients contact Libero Net with a ‘great idea’ for an internet business, however few of these clients have thought about what it takes to develop this idea into an online success. Having an idea for a business is great; however it is only the start of a very long business venture.
Do you plan on hiring staff? What is your yearly budget? How will you monitor your businesses progress? How will you drive traffic to your online business? Have you thought about online techniques such as social media, guest blogging and link building? Or what about offline techniques likes door-to-door knocking and telesales? How will people find out about your great business idea?

The Business Plan

These are questions we often find ourselves asking these clients. Every business, big or small, profits greatly from having a well thought-out and structured business plan. If you haven’t thought about any of the above your business may find it difficult to succeed, or even worse fail.
Owning an online business is hard and success doesn’t come easy. Sacrifices will have to be made and you will be more stressed than ever. The harsh reality of starting a business is often something entrepreneurs don’t want to admit too, but if you believe in your business and take all avenues into consideration your business venture can succeed the competition and become a fighting success.

The Financial Plan

The starting point for your business plan is the financials. Something which we see regular is businesses blowing their entire budget on a new website design and expecting for customers to find their business website themselves. Unfortunately, the competition is tough and you need to budget advertising/ marketing for the year. You can always get that top notch website when your business when profits are up!

The Marketing & Advertising Plan

Businesses use advertising and marketing techniques to reach a wider audience and inevitably drive more sales to their website. Each company needs a different strategy from the next and pursuing the appropriate advertising tactfully is a huge part of what makes an internet business successful. If you’re not sure what your marketing strategy should be, it is recommended to speak to a design agency.

The Google Plan

Every business dreams of being on Google’s first page ranking as it is good for your brand and ultimately sends customers in your direction. Generating traffic to your website comes from a consistent effort over a long period of time with the basic understanding of marketing techniques.
Once you have a beautiful website, interesting content and active social media channels, it will be worth investing time or money into SEO (search engine optimisation) techniques such as accumulating backlinks, blogging, relevant keywords, guest content and more.

Plan Plan Plan

Make sure you spend your time and investment wisely. Plan payment throughout the year and do not blow it all at once with the website build, otherwise one day you will be high up on Google rankings and undetectable the next. Although it is not an easy road to travel but if you plan your trip, you will reap the rewards later.

This is one of the best pieces of advice we can offer when you’re starting on this exciting journey, ensure you have budgeted for the long term and have the plan in place for the marketing and driving of traffic to your fantastic new website.