E-Business 101: A Ten-Part Series

by Ramon Sanchez

Published on this site: July 21st, 2006 - See more articles from this month

Do you have a hot new idea or must-have product? Are you ready to take the dive and start your own e-business? While not overnight, thousands of e-business start-ups have become massive success stories in the past few years. The Internet is a prime entrepreneurial environment, fostering creativity. But even Google, Amazon, MySpace, Flickr and NetFlix had to start somewhere, and that somewhere is probably just where you are right now.

Most entrepreneurs find that starting a web business can be daunting. Where do you start? How do you get the word out? Where can you acquire funding? "The first three years are the most trying," states one entrepreneur. "Not only are you faced with planning along with heavy sales and marketing efforts just to get your name out, but you often lack a sustainable budget to do so." Patience and planning are the key to surviving your first three years - and beyond.

Vasrue's ten-week article series on starting your own e-business will explore the basics of launching an online business, show you the key steps to take and challenges to consider.

This informative series includes:

1. A brief introduction.
   
   
2. Determining Your Brand and Niche. Brainstorm a unique business trait to form the foundation for your company's brand.
   
   
3. Defining Your Audience: Get in your customer's shoes, so you're better able to advertise to them.
   
   
4. Setting Your Business Structure: Understand the benefits of corporations, partnerships and sole-proprietorships, and ensure proactive tax compliance.
   
   
5. Developing a Sales, Marketing and Business Plan: Understand the importance of planning, and critical plans you should set into action.
   
   
6. Creating a Realistic Budget: Don't spend $1,000 on a new desk. Allocate money where you see the strongest ROI.
   
   
7. Finding Funding: Start-ups have many avenues to take for capital - from mom and dad to venture capital partners.
   
   
8. Finding People: Determine your values as a company first, then hire staff based on these core beliefs.
   
   
9. Planning and Building Your Online Storefront: Organize your website before you hire a designer to ensure everything fits and navigation is smooth.
   
   
10. Launching Your Plan and Building Momentum: Revisit your business and marketing plans annually, fine-tuning and updating for your changing business landscape.

Whether you've dreamed of working from home, being your own boss, setting your own hours, becoming one of the many eBay entrepreneurial success stories or simply promoting a remarkable idea, the next few weeks are certain to bring valuable insight. Stay tuned and leave your inhibitions at the door.

Ramon Sanchez writes about E-Business. For more great articles on this subject, come back to http://www.Vasrue.com. Articles are published weekly on Travel, Real-Estate, E-business, Credit and a host of other great topics. In an effort to support other webmasters, http://www.Vasrue.com is offering each article through RSS feed free of charge. Now newspapers, ezines, magazines and independent websites can effortlessly integrate fresh, captivating content in no time. Each article is available for PDF download, RSS feed or browser printing.