“Strongly believe in your idea and work till it turned into reality”
Before going to discuss anything with you guys, first of all, ask yourself “
Are you really ready to be an entrepreneur? And what does it cost you? An entrepreneur is a person in charge, to look for leadership. As the word entrepreneur is sounded interesting for all of us. For instance, people use to refer to bill gates.
So, here we are on the same page. Shall we start? You can better understand these 5 easy steps with the example of Ketty’s online travel business models. Start a business with reference to this.
These 5 simple steps would definitely revolutionise your business idea from $0 to sky is your limit. In
20th centuries of competition follow them strictly:
Market research: help you get an idea for online business
While keeping in mind the responsibilities of being an entrepreneur, your first and foremost steps are easy to go on the same track. This is a unique step because it enrols whole life history into the business world. So chose a wise business idea that not only matches your personal as well as professional interest intimately.
So, the biggest challenge is how can I fix my selection process?
You need to understand the market structure, demand and supply concept and, the gape which can turn into a business idea, economic growth and finally into reality. Online market research tools:
- Google trend :
The best source to analyse global market as per keyword search.
- Entrepreneur magazine
- Business forums/ venture capital
- Join a business startup, close groups
- Google webmaster -Keyword planner tool
- Daily Business newspaper and others
Although, all the above tools for market research necessary to follow we strongly recommend you to follow Google trend and Webmaster keyword planner tool in your step for online business idea Keyword. accordingly, book your domain name for economic development. Finally, become
Ketty (Pseudonym) is looking to start up an online travel agency. So, she needs to search for high traffic and low competition target keywords as per the geographical location with assuming the risk. Entrepreneurs face is used to keep cool and smiling.
As you know 4p’s of marketing:
- Product – Tour package
- Price – Competitive price
- Place – Destinations
- Promotion – Online
Turned your online business idea into a niche
Cost $0- $?
As you surpassed the step1: Congratulation! For your business idea.
Three core values of a business idea:
Because these values help you to stick with your plan and follow it.
Now! Whatsoever you have been decided, keep on moving the same track and have strong faith. Like, Ketty is having targeted business keyword or related phrases Travel, Tour Packages, Holidays Package and others. As similar as you are also having the same list. Expand your business ventures with collaboration.
Search for the competitive market :
- Put this keyword one by one in Google search engine
- Enlist the website URLs
- Analyse top 10 -20 results for targeted keyword
Ketty is also searching for an online travel agency and respective competitive market results are:
- Thomas Cook
- Tui Travel
- Cox & Kings and so on ..
Once, you enlist competitive website and take ample time in order to analyse either on the basis of a user interface (UI), SEO content, Website design and development, online traffic driven strategies, online reputation management, price penetration and apart from this.
As long as you get to find the gap in competitor’s’ website. This “gap” must be covered and also responsible to turn your business idea into “Niche” (Uniquely differentiated from the existing competitive market). With your own creativity and efforts, you guys try hard and if at all you do not get success then need to invest little bit $0 -$? In order to differentiate your website from competitors.
Being a rising competitor, You need to pitch this gap as your USPs (unique selling propositions) for the following reasons:
- Market segmentation
- Product positioning
- Price penetration
- Help to improve Impulse buyer
Say for example:
Kitty’s online travel website also having differentiation on the basis above mentioned reasons:
Design and market your digital signature
Your digital identification including website & logo design, social media pages and content management (Title, taglines, product description, reviews, ) are the responsible feature for online brand management.
As you know online reputation is the golden key for sustainable customer relationship management. Also, keep credit cards as an emergency fund. As a successful entrepreneur always ready to take the financial risk. One day
entrepreneurs create a successful business from the start of small business.
In step 2, you already find USPs. So, now it is easier to implement theoretical aspects into a practical one. With the support of your personal technical skills or hired someone who can fit into your budget as well as expectations. While, you are going to design and develop an online business website, always treat yourself as an end-user.
So, Meanwhile, you can have an experience and also do further rectifications before going online. As you are preparing your website on localhost because it is as similar as real-time online website and get precaution to follow SEO-on-page activities. Such as:
- Title Optimization
- Meta Tags Optimization
- HTML Tags (H1 tags/Alt. tags)
- Keyword Optimization
- Internal links and external links
- Image Optimization
- Content Optimization
This is the most crucial step where you can not compromise in quality service delivery.
Therefore, thorough analysis of whole business ideas. On the basis company’s vision, mission and objective; if you find any of them underscore then immediately work on it and improvised.
Ketty also gets ready with all absolute digital design and identification, content for travel destinations and detailed acknowledgement about the flight booking, hotel booking, pickup & drop and complete itinerary preparation and finally come up with tourist feedback channel.
Launch your online business website
As you know every online business website is having a unique domain name and hosting panel. Similarly, you need to purchase a domain as well as hosting from any of online available web hosting company.
Such as Godaddy, Hostgator, Bluehost and many others. As soon as possible you purchase a domain and hosting at negotiable rates.
Why we are mentioning negotiable rates because you can save your money. Sometimes, free discount coupons are also available and claim them. Eventually, help you to manage the business investment.
In step 3 you already sum up the business plan on localhost website. So far, The time is ticking down to being available online. With technical team support and guidance, you can transfer your website from localhost to the online server.
Now! Your business idea is turned into reality. Anybody from anywhere can access your website to find the best available products and services.
Conversion of online traffic into revenue
Heartily! Congratulations, You are closer enough to make online money.
By Implementing digital marketing strategy for driving online visitors on your website. So, you can monetize it. There are two possible routes to drive traffic over the website either by free SEO & SMO activities or by paid activities.
Organic traffic activities:
- Search Engine Optimization (SEO Off-Page activities)
- Social Media Optimization (SMO activities)
Inorganic traffic by paid activities:
- Search Engine Marketing (SEM including Google ads, Facebook Ads, Linkedin Ads)
- Affiliated Marketing
Sum of the total, these 5 unique steps are the first choice and need to understand how you can win a competitive market advantage by following them.
One Stop Guide For Beginners
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