...Running head: Starting an Online Business Starting an Online Business BBA 3331 Introduction to E-Commerce Columbia Southern University Introduction Today’s business ventures have a much different look from the start-ups that came about 50 plus years ago. With the fast rise of computers and the internet age, starting a business has become more streamline than ever and more achievable to anyone that is willing to take a chance at making a difference for themselves. The World Wide Web has sparked an excitement within the online company community promoting the creation of more and better tools that make doing business online better than ever. Starting an Online Business Before an online business can be started, one has to make the decision of what they will be promoting for this venture, either to provide a service or some sort of product. It is important that you find something that you will be well suited for or would be a “good match” for you. (Stephenson 2014) Do you have an interest in this particular service or any experience that you can pull from that will guide you through the building process of your online site. I find it very important to find something that will keep you interested and engaged so your business won’t fall to the wayside. If this is something that is interesting to you as the owner, then you will be willing to have more of an interest in keeping it going. It would prove extremely hard to stay motivated and overcome any challenges that arise...
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...Online Business Abstract This paper includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Laws and conditions for an online business. Online Business Introduction This article includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Additionally it consists of Laws and conditions for an online business, spamming, electronic signatures and online sales tax. Online Business At the very start, internet revolution was known as a world wide web that would change everything. In 1990s, the concept of "online business" was created, this business is known by various names such as dot-coms, e-biz etc. which made easier to start a business on internet and inexpensive as well. Whether it's a big or a small, local or international it can reach infront of the world very easily. Thousands of ventures have been made on internet for online business on the basis of brick and mortar. Online business is not different from any other venture. Same rules and principles are applied. First thing to start up a business is to create a business plan and think of how to make money. Some of the options which should be applied for an online business includes, sell products, sell advertising, sell information, sell services and to become a reseller. All of these options are complied together. For any virtual business an individual...
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...Challenges and how to overcome them Even during the most downtrodden of economic times and perhaps even more during those times, the dream of starting a new business venture burns brightly in many people’s minds. The advantages of having a small online business range from lower start-up costs than brick-and-mortar operations to more streamlined administration. But successfully running an online business is far from easy. The moment a business decides to enter the online world, the very first challenge is creating a reliable website. A good designer can accomplish this, but a high-quality website is more than just visual attraction; it should also function smoothly and be designed for carrying out business. So the first issue that we faced is lack of computer expertise. We needs to possess more than a basic knowledge of the Internet to do business online. Necessary skills include knowing how to set up a website for business purposes and how to market our business online. Instead of this, we had do observation or google searching and read for relevant article or teaching materials either technology resources or visitor engagement resources. Another issue is limitations of business types. Some types of businesses may not be suited for the Internet, particularly those products involve the use of the senses. For example, if the unique selling point of our product is its pleasant aroma. After we decides to selling snacks online we just realise that we are facing this problem. So we...
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...ACCESSORIES Business Plan ©2015 www.marcwenn.com 1.0 Executive Summary MARC WENN will be run as an online fashion business which provides luxury garments and accessories, without the luxury price tags. The business is at its start-up stage with business operation which commenced less than six months. The businesses made over £8,500 within two months of its business operation and currently have about 40,000 followers on major social media such as Instagram, Twitter and Facebook. Its business strategy is designed to deliver e- commerce business and online shop which is gradually replacing the traditional shop premises on the high streets, as a way of reaching the target market. The business is positioned to provide a strong brand identity that is able to affect customers’ behaviours by building emotional connection that is able to reinforce buying habit. The business is named MARC WENN to differentiate its various products from similar offerings, hence attract customers to the business and draw traffic to the business online shop. The increase in the use internet and speed of browsing in our society will provide a huge opportunity for this business to strive. More and more users especially among younger target customers have access to the use of internet for variety of fulfilling purposes, including for shopping. Currently, the main demographic for the business is male age 18-30. The business hopes to extend this to cover other users in a gradual stage of its business development...
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...Online Marketing Guide Tips + Advice to Grow Your Business Through Online Marketing The Small Business Why you should be marketing online Case study: How Happy Hound gets 90% of its sales online 10 things you can do today to boost your online marketing Worksheet: How you can get started Contents 4. Why Your Business Needs to Market Online 6. 10 Ways to Use the Internet to Grow Your Business 9. Measuring Your Results 10. Tip a Day: Map Your Path to Online Success 12. Case Study: Happy Hound 13. Online Marketing: Something for Every Business 14. Key Terms 16. Worksheet Suzanne Golter of Happy Hound dog day care and boarding 2 Welcome Every day we hear from business owners who think they need special skills to reach new customers online. Overwhelmed by the number and seeming complexity of online marketing options, they sit on the sidelines, eager to get in the game but confused about where to start. Sound familiar? If so, this guide is for you. Whether you’re new to online marketing or just looking to do it better, the advice in this guide can help you reach your business goals. You’ll learn: • How many new customers you can find online • 10 ways to use the Internet to grow your business • How to measure your results • How one small business gets 90% of its sales online • Key terms and what they mean We’ve also created a daily tip sheet filled with ideas to help you get started as well as marketing plans for four different types of businesses. Get started right...
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...100187Is Second Life Ready for Business? CASE STUDY 1. How can Second Life provide value to businesses that use it? Second Life can be a birthing ground for new industries and transform business, commerce, marketing and learning the same way that the Web did in the late twentieth and early twenty-first centuries. It also can facilitate internal communications and to position themselves at the forefront of the digital landscape in order to recruit tech-savvy employees. Second Life is a low-cost business tool and also a new marketing tool. Companies can use Second Life as a business tool for online conferencing, online collaboration, knowledge management and prototyping. Also companies can test new products using Second Life’s 3-D rendering programs, experiment with new marketing and advertising campaigns to see how people react, receive feedback on real-world products or services. 2. What kinds of businesses are most likely to benefit from a presence on Second Life? Why? Retail businesses that are already used to doing business online may have an easier time of establishing a viable presence on Second Life. They are used to advertising and marketing to customers online and have the systems built for taking orders, accepting payments, and shipping products. Other companies, like IBM, that have established online collaboration systems and online knowledge management systems will probably have an easier time using Second Life as another outlet for these activities. 3....
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...Explain the issues a business would need to consider to go online Introduction In this task I will be explaining all the planning issues that need to be considered before setting up a website and how these issues should be checked. Before setting up a business online, there are a variety of aspects to be considered. This is because if a business sets up a website without planning, anything could happen while the business is running which could affect other things like revenue and sales. The issues to consider include the domain name, Country availability, Copyright and financial aspects. These are some of the things to be checked because they need to be consistent throughout the business. Start-up costs Before going online, a business needs to decide if they have enough money to set up a website, and keep it running. Sometimes a company has enough financial help at first to set up the business but as they start making sales and delivery, the business starts to have trouble. Costs include; advertising fees, paying a technician and if you’re a commercial business, paying for all the equipment needed to take photos for online images. Commercial websites normally need to rent a van for deliveries so that would also be part of the costs. Government websites need to consider how they are Domain Name Business has a wide range of areas with different names, so choosing a domain name wisely is very important because it must be copyright. They need to think about how the website name...
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...task I will be talking about what is included in a business plan, things such as the finance, location, market research, human resource policy and much more. Budget This is the amount of money that can be spent on expenditure over a set period of time. For my business I will set a budget for the first six months as I need to keep an eye on how much money is going out, too much outgoing can lead to the business going in debt. Having a budget for a set period of time will help me control my expenditure and will ensure me not over spending. Therefore it is vital to keep a budget. I would also be losing out on a lot of money if I spent without having taken note of how much cash I am spending. Having a budget is a good way of helping me save money because I could then spend the money I saved on something which is useful for the business such as equipment or material for manufacturing the sock. This would avoid me from spending the money on things which are not really needed for the business. Wages for employees (£6.10 an hour, 6hours in total, 6days a week): £219.60 a week The other types of cost are called fixed costs. This is where the cost of the business paying something to someone does not vary or change. It stays the same. An example of this could be the staff’s wage. When a business pays their staff, the cost does not change. It stays the same throughout the cash flow forecast. Below is the fixed cost for my business. Opening Balance: £4000 Total Expenses from £1411...
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...AGENDA BUSINESS PLANNING 1. PLANNING FOR A MEETING, TRADE SHOW, EVENT 2. 1 PAGE BIZ SUMMARY-challenging exercise to narrow the scope of the business idea and summarize 3. SNAPSHOT OF A BUSINESS PLAN-details of the sections of a table of contents sections 4. Outline Table of Contents 5. 11-1 TO 11-11 SUM helps research and develop information to complete in chart formats the key information for your written business plan; some charts may be used in your full plan and in your presentation 6. WEB SITE RESOURCES help with information and samples on business plans |EVENT/TRADE SHOW/ MEETING PLAN | | | |DATE: | |NAME: | |LOCATION: ...
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...Amazon.com Tax Avoidance Business Strategy, How they did it, And how it affects me. Introduction: Amazon and Tax Avoidance Part I: Amazon Part II: Taxes in the U.S. Part III: The IRS/Penalty for Tax Avoidance Part IV: Amazon and Tax Avoidance Part V: Amazon in Europe Part VI: Amazon in 2014 Part VII: How does it affect me? Part VIII: Conclusion Introduction: The topic I choose to write about is how Amazon.com website avoided collecting sales taxes in the U.S. for nearly it whole existences. I’m going to introduce amazon and what the company is about and the role they played as more then successful online retailer. Then introduce the topic of taxes and state taxes, sales tax, and the importance collecting and paying taxes, and the benefits the country and its residents get for paying such taxes. The amazon company will then be analyze and in operating structure and design and learn how they avoided paying taxes in their home country and how they brought their operation over seas and did the same. And why this topic and subject matter is and should be severely important for future business owners and managers on business structuring operations. Part I: Amazon Amazon is the largest online retailer as of 2014. And how did they accomplish this? Jeff Bezo is the founder and amazon.com and it all started in his garage in the state Washington. Amazon first started off as an online bookstore and soon began to venture off to selling CD’s, DVD’s, and computer...
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...the history of Nova Scotia. Each piece’s history is shared in the product description accompanying each piece of jewellery. Adornya will focus on the Halifax area selling products at the Halifax Seaport Farmer’s Market. Adornya is owned and operated by Olivia Archibald. Miss Archibald is a recent graduate of the Nova Scotia Collage of Art and Design and has taken courses in metalsmithing and jewellery design adding a layer of skilled craftsmanship to the construction of each piece. Market Research Summary The jewellery industry has remained relatively unchanged over the last two decades. Jewellery is successfully sold by a mix of large national chains, regional franchises, smaller independent retailers and individual artisans selling online. According to the Global Gems and Jewellery Market Forecast and Opportunities, 2018 the global market will continue to see increases in jewellery sales overall due to the rising disposable incomes and changing lifestyles. The industry is set to experience strong growth over the coming years. With the diversity of products available and the proliferation of potential sources, creating a niche will be important. Adornya is targeting recent college and university graduates and young professionals with household incomes of $50,000 - $65,000. Marketing Summary To date, Adornya’s brand has grown through word of mouth referrals from current customers wearing the pieces. Adornya’s key marketing strategy will be to expand awareness of the products...
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...Make money online is by using information and communication technology (ICT). Multi award-winning businesswoman Fione Tan is the pioneer of eCommerce in Asia. She started her Internet marketing company eOneNet.com in 1999. It also recently teamed up with the world’s biggest online shopping mall, Amazon, to help Asian SME’s sell items online to the US market. Fione Tan give some tips to make money through ICT. First of all make money doing what you love. Think what you want to be in five or ten years more and see which ideas can actually be turned into a business then you can create an online business. Now a day ICT is the best way to start your business without using a big modal and can gain more profit faster. Next is combine offline and online. It means if you already have physical stores, the best way to expand is by moving online. Most global brands also combine their marketing to drive traffic from offline shops to online websites and vice versa. Through ICT you also can earn money in US dollar no matter if you are a new woman entrepreneur or current businesswoman. Need to prepare product for the three billion-strong global audience online. Sell globally and earn US dollars is helping you to gain more profit. Even if you already selling online via auctions or social sites, you’ll need to learn how to set up an online branded store. New CrowdFunding for Business seminar. Many entrepreneurs feel that lack of money is the reason they cannot succeed. But with crowdfunding...
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...Online Retail Marketing By: Anatoly Denisov Report assignment: Topic 6: RTW1 School: Western Governors University Date: 12/31/2012 Anatoly Denisov Online Retailing Marketing Western Governors University (WGU) Business Research & Writing (RTW1) FTI Consulting Inc. December 20, 2012 Tables of Contents: Executive Summary……………………………………………………………………..1 Introduction……………………………………………………………………………...1 Advantages of Online retail Marketing………………………………………………....3-4 Disadvantage of Online retail Marketing………………………………………….........3-5 Potential Impact of Online Sales for Company……………………………………........5-6 Requirements for a successful Online Market Campaign…………………………........6 Recommendation………………………………………………………………………...7 Analysis on Starting an online retail marketing………………………………………...8-9 Conclusion………………………………………………………………………………9 Source page…………………………………………………………………………...10-11 Executive Summary Section: In this report will illustrate the findings and analysis done for the online marketing opportunities directed towards retail sales. This report will help guide and illustrate to viewers in all business aspect about the understanding of the advantages and well as disadvantages of marketing products and or services online. This report will also give you a better sense of how easy, fast, and convenient to market a product or service successfully and how many endless opportunities there are when promoting or establishing a product...
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... -3- HISTORY -4- SUCCESS STORY -5- PRINCIPLE OF LIFE -6- PERSONAL ENTREPRNEURSHIP COMPETENCIES (PEC) RESULT -7- CONCLUSION -9- INTRODUCTION The success of a businessperson greatly depends on a certain set of characteristic called Personal Entrepreneurial Competencies or PEC. Almost result from PEC, we can describes how are the true or reality of competencies on businessperson. It really help though im having a hard time looking for any tool in order to help student in diagnosing and assessing their PEC. PEC also will be guided on how businessperson will strengthen and align to improve their area of strength. All of the element in PEC will help people to be more attractive on doing their work because from the result of PEC, we will know what area or element we should increase. For example, in a information seeking element, entrepreneur can use the result to improve his services, satisfy his customer, and be ahead of his competitors by searching for new information related to his business. They also will show confidence in their business ad give their client the best value for their patronage. On the other hand, we can describes that PEC is a good test for businessperson to improve their level of competence and to align their awareness of business’s characteristics to be more structured. BACKGROUND. NAME : NASRUL HANIF BIN AHMAD NASRI DATE OF BIRTH : 10TH FEBRUARY 1991 SEX ...
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...com) is an online hair and body shop, that allows females and even males easily obtain quality or well-known brands of hair and body products. 1. PERSONAL BACKGROUND AND FAMILY HISTORY OF THE ENTREPRENEUR? Adeniji Damilola, founder of UrbanMakes, is Nigerian by birth and comes from a family of four (4). 2. HOW DID SHE START? WHAT PROMPTED HER TO START? She found herself always hunting for hair products when she came to Accra from Nigeria which was hardly ever successful. When she finally found the products after a long search, they were often above her budget. She said, “…the desire to make quality, “hard to find” products easily accessible at super affordable prices inspired me to start UrbanMakes.” 3. AT WHAT AGE DID SHE START? Adeniji Damilola started this business at the age of 21. 4. DID SHE EXPERIENCE ANY FAILURES? Adeniji Damilola, like most or all entrepreneurs, also experienced failures. 5. IN WHAT WAY DID SHE FAIL? (b) HOW MANY TIMES? Damilola Adeniji mainly experienced failures from selling at events. This usually happens if enough sales are not made to cancel out the cost of purchasing a stand at the event. She has participated in many events hence there is no definite number of how many failures she experienced. 6. DID SHE RECEIVE ASSSISTANCE FROM SOMEONE? Damilola did not receive assistance from anyone. She financed and motivated herself along the way. 7. DID SHE HAVE ENOUGH RESOURCES OR CAPITAL TO START? One would...
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