...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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...Starting Business Online: Innovation and E-Commerce Samuel Rhodes BUS 107 Professor Tiffany Miner 23 August, 2012 The business industry has myriad contribution on how the realm was able to tweak their preferences in their lifestyle. The huge effect of the market industry significantly pushes the people to alter their choice and be bold in their style and choices. Innovation contributed a lot to the manner in which market industry played their role in producing goods and services that will certainly capture the attention of the consumers. One of the upscale transformations in business would be in terms of adapting modern technological advances and incorporate it to the system of management. Through the course of this paper, it will be delved how starting a business will magnify the strategies of the business sectors and in the same manner, it will mull over on how to expand the business and reach the target market. “Excellence of thought and skill in thinking are real possibilities, to maximize the quality of your thinking you must learn how to become an effective critic of your thinking, and to become an effective critic of your thinking, you have to make learning about thinking a priority” (Paul and Elder, 2002, several scenarios have come to play the moment a business entity roll their company and start to drag the people to their upbeat promotional mix and strategies. Provided that someone has offered a $1000 to buy the domain name which I have established my business...
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...Starting a Business Online, Part 1 In today’s world of online companies trying to find a unique way to out produce, out resource and outperform competition. It’s going to require the right product and of course the correct approach and research in order to be successful. Identifying the advantages and disadvantages of taking your small business online by performing a SWOT analysis. While conducting a SWOT analysis of my clothing store along the Jersey Shore boardwalk, I determined what my strengths, weaknesses, opportunities and threats could potentially be. My research has indicated that my Strength’s would be my customer service skills, flexibility in my direction and focus, experience in the clothing industry and being able to provide a good value to customers. Weaknesses would be my competition, lack of reputation to gain customer response and potential cash flow. Within the opportunities category, I determined that the weak economy in some regard would be a benefit to apply for government grants and SBA loans to help with my overall business intent. My competition may be slow to adopt new technologies; giving my business the opportunity to excel. The threats that may be a concern are also a weak economy. The developments in technology could change the clothing market beyond our ability to adapt and larger competitors could destroy our chances in the clothing industry. The advantages that I anticipate would be the ability to run my business from virtually anywhere...
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...Communication is important in business, since business is a two-way movement. Goods and services are generated and traded through the close management of numerous people, from time to time inside its own village, and occasionally through global distances. Direction of this kind calls for deep communication. Complex product provisions and production schedules must be equally understood, and complex contracts between trading partners must be discussed. Communication styles differ immensely around the world, and these contribute to an overwhelming assortment of business styles. Perhaps the single most worthwhile idea for appreciating cultural changes in business communication is Edward T. Hall’s (1976) distinction of low-context and high-context cultures. It describes lots concerning how negotiations progress, arrangements are indicated, and how employees are supervised. However this difference, perceptive it may be, is lacking in originality. It is best assumed as imitating a more important difference amongst rule-based and relationship-based cultures, which in turn is cemented in diverse notions of human nature. The dialogue here begins by showing how business practices reflect low-context and high-context characteristics, but it then changes to the profounder stages to discover how communication styles are fundamentally linked to other features of the culture. High and Low Context Communication Regarding high-context communication, the meaning will not be understood...
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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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...Starting an E Commerce Online Business Keller Graduate School of Management Managerial Applications of Information Technology 11/12/2011 [Type the fax number] Jamie Lynch You want to start an E commerce business selling your products and services online but how to get started? Milestone 1 Problem: The business problem to be solved is how can an entrepreneur start and maintain a successful E commerce business online? Background: The first key to starting a successful online business is to first understand ecommerce and how it operates. Most people understand that ecommerce or electronic commerce refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, it stretches beyond just the buying and selling of goods; it also includes an online process of developing, marketing, selling, delivering, servicing and paying for products and services. “The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well”. (Electronic Commerce, modified...
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...E-Business (QRT2) Task 3 Proposal for Online Business Expansion Part III Website Design and Cost Estimates David Woodruff MBA-07/01/14 ID# 000401226 Cell: 801-709-4382 Time zone: Mountain dwoodr5@wgu.edu The Canard House is a small 12 room, family owned bed and breakfast planned to operate in conjunction with This is the Place Heritage Park (TITP) in Salt Lake City, UT. The inn is a reconstruction of a historic mansion and embodies the traditional charm and hospitality of a bygone era. The company operates as an independent partner with TITP and benefits from tourism, weddings and other special events held at the park. While there are several bed & breakfasts and boutique inns within Salt Lake City, none can boast a finer location than the Canard House. The inn provides a unique historical setting in a prime location within close proximity to events, dining and transportation. It has unobstructed views of both the Salt Lake Valley and Wasatch mountain range, and is situated in a 450 acre preserve surrounded by picturesque and historic structures. Currently, all advertising has been done by the in-house marketing department. The department is overwhelmed by having to create campaigns for five separate entities within the umbrella of the “This is the Place Heritage Foundation”. Consequently effective online marketing and sales for the Canard House have been sluggish at best. To help bolster growth and sales, consultants...
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...and regulations always restrict or impede the efforts of business professionals, or can they actually help businesses? In addition to this, could you list some examples of laws or regulations that may have impeded business lately? Government laws and regulations protect not only the business, but the employees and consumers as well. These laws and regulations provide many different levels of support for businesses. This support includes helping the business follow all regulations in order not to be affected by a lawsuit (due to employee discrimination, etc.) and asset protection. Examples of laws and regulations: Environmental Protection Agency: This agency enforces environmental laws. This agency’s laws help in protecting our environment from hazardous and non-hazardous waste. Privacy Law: This law protects private information of employees and consumers. This includes financial information, medical information, and other sensitive information. Employment and Labor Laws: These laws enforce laws to protect employees. These laws help to prevent harassment and discrimination as well as enforcing wage laws. Bovee, Courtland L., Thill, J.V.; (2012). Business in Action, 6th Edition. [VitalSource Bookshelf Online]. Retreived from https://bookshelf.vitalsource.com/#/books/9781269588669. Learn about Business Laws, Retrieved on July 5, 2016 from https://www.sba.gov/starting-business/learn-about-business-laws. ***ENTREPRENEURSHIP FAILURE: The risk of failure...
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...Class: Buss management yr 3 Subject: Legal Issues Words: 904 words As a manager of an online business, what legal regulations must you take account of? Today in Ireland more and more people are looking to the internet to start an online business as barriers to entry are minuscule and this will increase the size of your target audience, therefore increasing profits. But before starting any online business there are several legal requirements to go through before starting the business, as online trading is now governed by a number of laws which were put in place to protect consumers. As the manager of an online business you need to be conscious of these laws and regulations and responsible for seeing that all necessary requirements are followed accordingly. Firstly your business must meet the general requirements of consumer law so that all the products and services that you are selling meet a certain standard and that they are as described and consumers get exactly what they are paying for, so that they are treated fairly. Specific rules apply to distance contract’s, a distance contract is formed when you agree to buy goods online, before a distance contract can be made between the buyer and seller, the seller must make clear to the buyer information such as their identity and their address, the main characteristics for the goods or services, the price including any taxes and delivery costs, set out arrangements for payment...
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...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 decide to sell those famous and top selling...
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... Karissa Keller Principles of Microeconomics Professor Jason Dixon Just Cookbooks: An Online Business, Exporting, and Taxes Just Cookbooks: An Online Business, Exporting, and Taxes Just Cookbooks: An Online Business, Exporting, and Taxes Karissa Keller Colorado Technical University Principles of Microeconomics: ECON 212 Professor Jason Dixon August 12, 2013 Consumers are changing the way they purchase goods and/or services. They are finding different methods that are more efficient and cheaper to purchase their desired goods and/or services. One of these methods is online shopping. Consumers are using the internet to purchase their wanted products for several reasons. One of which it is more convenient. Another reason among many is that it can be cheaper due to the deals that are offered through doing online shopping and also no travel is usually a perk that goes with this method of shopping. What is better than being able to shop in your PJ’s? In order to reach their consumers, businesses are either extending their products to the online world with specially developed websites advertisements; or they are cutting costs by switching from the traditional brick and mortar business to the technological based business. Business owners need to enter these decisions by airing on the side of caution, doing so by outweighing the pros and cons of entering into the online world. Th pros include a wider consumer base on a potential global recognition, the flexibility...
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...In this paper I am going to conduct a SWOT analysis of a small business plan for a company called Southeast Racing Parts or SRP. I selected this business because I am an avid car enthusiast and on more than one of my cars that I have owned past and present was modified. I started my life long passion about car’s a couple of years before the first “Fast and the Furious” came out. The first paragraph will cover the letter “S”, the second paragraph will cover the letter “W”, the third paragraph will cover the letter “O”, and the last paragraph will cover the letter “T” to complete the SWOT analysis. This paragraph will cover the “S” that means strengths. The biggest strength I gathered from this company is that the owners have thirty years of experience between both of them. In communicating with some of my car enthusiast friends they all asked were, “How many years of experience does this company have in the automotive industry?” That in its own will increase sales and create a repeat business for this company. In the Jones’ business plan you can tell that they have done their research and personally received agreements from local and wholesale distributors. The fact that you will be able to provide the customer with a part or a service will be greatly beneficial for this company. The fact that they are starting their business as a husband and wife team will also lower the cost starting out having to pay employees. This paragraph will cover the “W” that means...
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...IP Justcookbooks.com Start Up Instructor: Deborah McCafferty Colorado Technical University 11/01/2014 Many business owners are moving to starting internet companies to sell their products online these days. There are many reasons why, first is the fact it can be much easier and less costly than a traditional brick and mortar store. Online businesses are a great way to reach many different markets, and a larger number of clients or customers in half the time. You want to have a business plan and follow some steps to make sure you are going into a profitable market. First is of Couse to decide on what business you be starting. There are many factors when deciding this, will it sell, will you enjoy it, what are your interest and do you have the right funding for the product. You want to research your product to see if there is a market for it, or perhaps to much market Make sure it is not over – saturated. Nevertheless it is like having a virtual storefront to show off your product to the world. And if well planned it can make you more money than you could ever have hoped for. So in choosing to start my own Interned Business, I have decided to sell cookbooks line. My business name is JUSTCOOKBOOKS online, I would like it to launch in 6 months from today. After doing research on what the estimated annual cost would be of the business we can look the Graft below. This graft is the Technology (Web design and maintenance) | $5,000 | Postage and handling |...
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...Assignment 1 Assignment 1 is worth 10% of your final grade, and should be completed after Lesson 3. It has two parts. • Part A: six short-answer questions worth a total of 30 marks • Part B: three case analyses worth a total of 70 marks Part A: Short-Answer Questions (30 marks total) Answer each question in one to two paragraphs. 1. What are the major differences between pure play e-commerce and bricks-and-clicks operations? What are the benefits and limitations of each? (5 marks) Pure play e-commerce is when companies only have web presence and no stores, it saves the companies from spending on expensive commercial property needed to built a store, the downside is that they might not already have the money to start the website. Bricks and clicks is when the company has physical presence in form of store or stores and also a website. 2. One of the key motivations for developing an e-commerce site is immediate access to a much larger market. Explain why an increased market reach may have benefits, and describe its limitations. (5 marks) A much larger market has numerous benefits because it can give a sudden boost to sales as a lot more people have access to the goods sold by the site. The limitations can be when the the company cannot keep up with the orders or when due to limited warehouses delivery takes a lot of time, leaving the customers unhappy. 3. What are the three most important mediation issues in e-commerce...
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...are listed: 1). Outsource by using an information technology firm to develop the system for you 2). Purchase off-the-shelf prepackaged information systems software 3). Use open source software 4). Purchase an Enterprise Resource Planning System with the accompanying needed support for implementation. b. One option available to Gerbang Furniture was an enterprise-wide system. What features does an enterprise-wide system, such as SAP, provide? What is the primary advantage of an enterprise-wide system? An Enterprise-wide system such as a SAP provides the ability to integrate information across the organization. It has business function modules that are tied together that share a common database so that everyone has all the information. That common database is the single repository of data for all aspects of a business process and enables flexibility of the modules . A single repository ensures that the data is consistent and accurate with less maintenance required. The integration is its primary advantage. The end result is a reduction in redundancy in data. The primary advantage of an...
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