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5 Important Factors You Should Consider Before Starting Any Online Business - Business - Nairaland

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5 Important Factors You Should Consider Before Starting Any Online Business by importexpert(m): 9:42am On Jun 22, 2017
Many people dream of starting a business of their own – at least once in their lifetime – but only a few ever do something to make those dreams true.
The presence of the internet today has made running a business easier than anyone could have imagined fifty years ago. It provides a cost-effective platform to sell and earn. Unfortunately, the tale of many people about online businesses is not that of a hit. While this is saddening, it can surely be avoided.

So, if you really want to succeed in an online business, below are five factors you should consider.

1. Performance of the business: It is important for you to make an assessment of how the business has been performing before you take a leap. You don’t want to dabble into an online business only to discover that it was not as lucrative as you imagined. This is why you need to give thought to things like size of the market/audience, the success rate of those already in it, the cost implication of running the business, the time requirement factor amongst other things.

2. Investigating the business: When it comes to online businesses, every single detail counts. You need to approach the business like an investor. An investor is always wary of investing in a venture that would become unsuccessful. For this reason, he pays attention to even the minutest details. You are also an investor because you are going to be investing your time. Don’t start a business based on assumptions. Don’t start it based on rumors. To fortify your plans for success, you need to ensure you have all the relevant information you need at your fingertips.

3. Making it simple: Many have thought to be successful, you need to be sophisticated. This is often not true. If you are running an online business, your clients will appreciate it if the processes are easy. It may be how they navigate your site, how they can contact you, how they can subscribe to your email list, how you communicate with them etc. The aphorism, “Simplicity is the highest form of sophistication” is very true in the world of business. People are getting increasingly impatient especially when it comes to the internet world. So, make everything simple as possible.

4. Do not ignore automation: No matter how free you may think you are, you cannot afford the luxury of staying online 24/7. There is the real life that will always call for your attention. Not only that, but you will also want to accomplish some tasks faster when your workload is heavy. This is why you need to automate your business. For instance, an email autoresponder can help respond instantly to the inquiries of customers. There are also many automation software that is available to do tasks for you.

5. Build your list: You cannot overemphasize the importance of building a list of your clients/customers/audience. The success of your online business does not lie in having random visits to your site; it is the repeat visits that counts. Repeat customers and not one time customers determine the success of a business. Not only can that, having an email list save you lots of money from unnecessary advertising. Rather than spending on adverts (whose rate of effectiveness is barely 50%), you can reach your target audience faster and in more precise ways that you have always wanted.

All in all, an online business is an exciting and profitable venture if your journey into it is premeditated and carefully thought-out. Most online businesses that hit the rocks do so because the operators thought it was all about having an internet connection and data. No, there is more. With the above knowledge, you will be better equipped when it comes to deciding what online business idea to execute.

Feel free to ask all your online business related questions.

3 Likes 1 Share

Re: 5 Important Factors You Should Consider Before Starting Any Online Business by importexpert(m): 9:43am On Jun 22, 2017
your contributions are most welcome.
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by lajoshua: 9:53am On Jun 22, 2017
grin
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by importexpert(m): 10:00am On Jun 22, 2017
lajoshua:
grin

smiling hero cheesy
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by femiabiolajamb(f): 11:31am On Jun 22, 2017
importexpert:
Many people dream of starting a business of their own – at least once in their lifetime – but only a few ever do something to make those dreams true.
The presence of the internet today has made running a business easier than anyone could have imagined fifty years ago. It provides a cost-effective platform to sell and earn. Unfortunately, the tale of many people about online businesses is not that of a hit. While this is saddening, it can surely be avoided.

So, if you really want to succeed in an online business, below are five factors you should consider.

1. Performance of the business: It is important for you to make an assessment of how the business has been performing before you take a leap. You don’t want to dabble into an online business only to discover that it was not as lucrative as you imagined. This is why you need to give thought to things like size of the market/audience, the success rate of those already in it, the cost implication of running the business, the time requirement factor amongst other things.

2. Investigating the business: When it comes to online businesses, every single detail counts. You need to approach the business like an investor. An investor is always wary of investing in a venture that would become unsuccessful. For this reason, he pays attention to even the minutest details. You are also an investor because you are going to be investing your time. Don’t start a business based on assumptions. Don’t start it based on rumors. To fortify your plans for success, you need to ensure you have all the relevant information you need at your fingertips.

3. Making it simple: Many have thought to be successful, you need to be sophisticated. This is often not true. If you are running an online business, your clients will appreciate it if the processes are easy. It may be how they navigate your site, how they can contact you, how they can subscribe to your email list, how you communicate with them etc. The aphorism, “Simplicity is the highest form of sophistication” is very true in the world of business. People are getting increasingly impatient especially when it comes to the internet world. So, make everything simple as possible.

4. Do not ignore automation: No matter how free you may think you are, you cannot afford the luxury of staying online 24/7. There is the real life that will always call for your attention. Not only that, but you will also want to accomplish some tasks faster when your workload is heavy. This is why you need to automate your business. For instance, an email autoresponder can help respond instantly to the inquiries of customers. There are also many automation software that is available to do tasks for you.

5. Build your list: You cannot overemphasize the importance of building a list of your clients/customers/audience. The success of your online business does not lie in having random visits to your site; it is the repeat visits that counts. Repeat customers and not one time customers determine the success of a business. Not only can that, having an email list save you lots of money from unnecessary advertising. Rather than spending on adverts (whose rate of effectiveness is barely 50%), you can reach your target audience faster and in more precise ways that you have always wanted.

All in all, an online business is an exciting and profitable venture if your journey into it is premeditated and carefully thought-out. Most online businesses that hit the rocks do so because the operators thought it was all about having an internet connection and data. No, there is more. With the above knowledge, you will be better equipped when it comes to deciding what online business idea to execute.

Feel free to ask all your online business related questions.

Nice share boss. always on point. CC: lalasticlala
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by alignacademy(m): 11:50am On Jun 22, 2017
importexpert:
Many people dream of starting a business of their own – at least once in their lifetime – but only a few ever do something to make those dreams true.

The presence of the internet today has made running a business easier than anyone could have imagined fifty years ago...

All in all, an online business is an exciting and profitable venture if your journey into it is premeditated and carefully thought-out.

Nice one.

Your article is timely as a lot of people have skipped the fundamentals.

Fundamentals like having a clear goal and actually SELLING something.

And you're right: it helps to do one's homework before leaping into any venture.

Keep up the great work
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by zainkay: 3:03pm On Jun 22, 2017
that's a nice write up
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Carmal90(m): 1:43pm On Jun 24, 2017
The boss at it again, thumbs up



http://www.phoneservicebusiness.com/?m=1
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 5:08pm On Jun 24, 2017
You must have capital.

1 Like

Re: 5 Important Factors You Should Consider Before Starting Any Online Business by eezeribe(m): 6:26pm On Jun 24, 2017
OK
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:19pm On Jun 24, 2017
Hello, please what code did you use to highlight your signature text that is shows yellow background?

importexpert:


smiling hero cheesy
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by NwaAmaikpe: 7:26pm On Jun 29, 2017
shocked
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by bsideboii(m): 7:28pm On Jun 29, 2017
I wish I can just keep tabs/understand digital marketing without having to read and do follow ups.My offline job is taking a toll.How do I pull this off starting my digital marketing company?
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:30pm On Jun 29, 2017
H
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by ItalianWine(f): 7:31pm On Jun 29, 2017
I'm sorry for booking this space I thought this is going change my life cry cry

I'm sorry I won't book it again cry cry

3 Likes

Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:32pm On Jun 29, 2017
Don't take this dude serious. He's just out to send unproductive ebooks

3 Likes

Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Dollabiz: 7:33pm On Jun 29, 2017
Good
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:36pm On Jun 29, 2017
importexpert:
Many people dream of starting a business of their own – at least once in their lifetime – but only a few ever do something to make those dreams true.
The presence of the internet today has made running a business easier than anyone could have imagined fifty years ago. It provides a cost-effective platform to sell and earn. Unfortunately, the tale of many people about online businesses is not that of a hit. While this is saddening, it can surely be avoided.

So, if you really want to succeed in an online business, below are five factors you should consider.

1. Performance of the business: It is important for you to make an assessment of how the business has been performing before you take a leap. You don’t want to dabble into an online business only to discover that it was not as lucrative as you imagined. This is why you need to give thought to things like size of the market/audience, the success rate of those already in it, the cost implication of running the business, the time requirement factor amongst other things.

2. Investigating the business: When it comes to online businesses, every single detail counts. You need to approach the business like an investor. An investor is always wary of investing in a venture that would become unsuccessful. For this reason, he pays attention to even the minutest details. You are also an investor because you are going to be investing your time. Don’t start a business based on assumptions. Don’t start it based on rumors. To fortify your plans for success, you need to ensure you have all the relevant information you need at your fingertips.

3. Making it simple: Many have thought to be successful, you need to be sophisticated. This is often not true. If you are running an online business, your clients will appreciate it if the processes are easy. It may be how they navigate your site, how they can contact you, how they can subscribe to your email list, how you communicate with them etc. The aphorism, “Simplicity is the highest form of sophistication” is very true in the world of business. People are getting increasingly impatient especially when it comes to the internet world. So, make everything simple as possible.

4. Do not ignore automation: No matter how free you may think you are, you cannot afford the luxury of staying online 24/7. There is the real life that will always call for your attention. Not only that, but you will also want to accomplish some tasks faster when your workload is heavy. This is why you need to automate your business. For instance, an email autoresponder can help respond instantly to the inquiries of customers. There are also many automation software that is available to do tasks for you.

5. Build your list: You cannot overemphasize the importance of building a list of your clients/customers/audience. The success of your online business does not lie in having random visits to your site; it is the repeat visits that counts. Repeat customers and not one time customers determine the success of a business. Not only can that, having an email list save you lots of money from unnecessary advertising. Rather than spending on adverts (whose rate of effectiveness is barely 50%), you can reach your target audience faster and in more precise ways that you have always wanted.

All in all, an online business is an exciting and profitable venture if your journey into it is premeditated and carefully thought-out. Most online businesses that hit the rocks do so because the operators thought it was all about having an internet connection and data. No, there is more. With the above knowledge, you will be better equipped when it comes to deciding what online business idea to execute.

Feel free to ask all your online business related questions.
How efficient is drop shipping in Nigeria?
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:37pm On Jun 29, 2017
beardlessdude:
total rubbish. Importexpert so you've logged into your female account to promote your fake books.

Hello. Nairalanders don't be fooled pls to buy this idiot books.
cheesy shocked
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by IMASTEX: 7:38pm On Jun 29, 2017
Nice tips
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by strawb(f): 7:41pm On Jun 29, 2017
My People, my candid advice for you is to disregard this post. He is only out to sell his ebook. The painful part is that the guy donnot even practise what he preaches. Nairaland business session have grown beyond you coming here and dishing half-cooked stories to sell to people.
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by G0dsent: 7:42pm On Jun 29, 2017
Nice article.

My contact if you want to buy Adsense is available. I too want buy bitcoin if you have send to my WHATSAPP contact on my profile. Appreciate
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:43pm On Jun 29, 2017
EMMAACHILE:

cheesy shocked
i bought His book. See proof. Since march yet no single sales. Nonsense

Re: 5 Important Factors You Should Consider Before Starting Any Online Business by bestspoke: 7:45pm On Jun 29, 2017
keep this in mind.

You can't start with zero naira.

You can't succeed with zero skill

You are wasting your time if you ain't selling anything be it digital skills or real product.



And lastly you won't get rich quick , and you must pivot on regular basis.
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by iykepromotions: 7:54pm On Jun 29, 2017
strawb:
My People, my candid advice for you is to disregard this post. He is only out to sell his ebook. The painful part is that the guy donnot even practise what he preaches. Nairaland business session have grown beyond you coming here and dishing half-cooked stories to sell to people.
Nothing Wrong in selling information, we are in computer age where knowledge and smartness will put more money in your bank account than hardworking but if he is not practising what he is selling, then that's terrible and capable of misleading people.
Re: 5 Important Factors You Should Consider Before Starting Any Online Business by Nobody: 7:54pm On Jun 29, 2017
beardlessdude:
i bought His book. See proof. Since march yet no single sales. Nonsense
Lolzz.. You want him to help u use your brain to make sales

1 Like

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