How to Start an online business?

 Importance of online business is gaining popularity and there could be a shift in the way business works. The concept of brick and mortar business structure (Premise structure) can change into less investment online ventures. 

Here I will explain on how to start an online business. You may have skill on something but that would not be sufficient to make your business a success. It requires unification of talent either self or through association.

Major skills required are technical know-how, team management, sales & Marketing, finance control, strategic planning, legal framework, business plan/model. One may not be familiar with all of these, so either you hire persons or be jack of all trades.

Before starting any business, you need to know about your plans on all the above mentioned factors. Once you have a model on how your business works, then you can execute step by step.

You must start with Feasibility study of your business idea.

Then to develop various business models

Now execution and review.

Online business requires website to showcase your business features and profile. This gives credibility and trustworthiness. 

Most importantly, just think how much salary you need to pay for a sales person in India, say 20k. One year , costs you 2.5lacs. In other side, website helps you to perform the role of hundreds of sales man! You should not develop a normal site, but it need good content formulation which makes your visitors hijacked! And it effects the efficiency of 100s of sales person. 

This is just one benefit of online business, there are a lot of factors to be included when developing a website for your business. To know more on this, visit here

Spending 2.5 lacs for every year for one sales person is not a good idea, rather you can spend 30k-75k (In India) to develop a good website for life long.

Moreover, there is no boundary in online sales. If you not adopted the capability of online business , its time for you to adopt without any further delay. 

Start your business prudentially. You can consult here to know more on how to deliver best performing online business