All posts tagged online business

A more traditional way to Start an Online Business…

Seth Godin (acclaimed author and teacher) says to start your first business this way: Begin with the smallest possible project in which someone will pay you money to solve a problem they know they have. Charge less than it’s worth and more than it costs you. Repeat The beauty about doing so with an Online Business is that not only is it simple to do; it can be done far more cheaply than to go a more traditional route. Don’t worry so much about the ‘online’ part. It is only a tool, a mechanism to reach people who need to…

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#TEMpting: Online Baby Boutique to Buy…

This online boutique store is full of quality products and beautiful gifts for all of the babies and toddlers. Newborn gifts, the perfect baby shower gifts, 1st birthday or just because…what ever the occasion, here you will find the perfect products in store. The business sources, selects, packages and distributes a beautiful range of quality products that have been tried and tested. The offer is promoted along the lines of having a personal shopper, doing all the legwork for the purchaser. Together with the unique range of products on display, so is excellent customer service and the ease of shopping 24/7, from anywhere! Once a perfect gift…

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what does “generating profit” from a website really mean?

Sounds pretty obvious I know, but in my experience it’s not! Websites have the capacity to be profit centres in their own right. I repeat that. Websites have the capacity to be profit centres in their own right. So when I’m approached about selling an “online business”, I will always ask about: the traffic the database the profit Usually the answers come thick and fast about the first two and only muffled silence on the 3rd. If your website is not making money in its own right, is it really an online business? What invariably happens is that the online part is the…

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answer these questions to kickstart your Online Strategy…

The following is a series of questions to help start your thinking around your Online Strategy.  Does the Business currently have an online presence at all? If not, why not? Is there a mapped out Online Strategy in place? If yes, how old is it? How well has it been executed? If not yet and  it had to be executed immediately, does it make sense? Is it addressing what really needs to be addressed? If yes, what’s worked? what hasn’t? What are you still doing that you shouldn’t be? If selling is an option, does it appeal to a Buyer in…

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buy | sell websites; here’s what I need in order to pique my interest…

So you have a website to sell. You want to come and talk to me about it but you’re not sure about what’s involved. Here’s what I will ask of you. Apart from standard questions I ask, mainly around the history of the site, why it started, it’s story really, I will need to see the following to substantiate revenue/income and traffic/statistics: screen shots of what you use to collect the monies for example: PayPal, Adsense, affiliates, etc Screen shots or PDFs of the Google “Analytics” summary Ideally these are for the duration that the site has been running. With…

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what has Online Strategy got to do with Exit?

  During the life-cycle of building a Mother of a Business, it makes perfect sense to ask a number of provoking, asset-protection, risk-minimisation questions to get YOU, the Business Owner, thinking along the lines of “Start with the End in Mind” TODAY, regardless of how old the Business is. Thinking Online Strategy is no different! Taking this initiative is paramount for ALL Business Owners who seriously want to successfully transition the Business while YOU are in the best position to do so. With potential Business Owners asking more and more about Online Strategy and Execution as part of their due…

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buy | sell websites; must be able to prove what you claim…

Of late, I’ve had quite a few website owners come to me saying they want to sell… excellent. But (following on from yesterdays post), when asked to “prove” what they’re telling me, they go very very quiet. So what’s going on? Whether it be a business or a website, you still need to answer these questions: have you been able to make a go of your Business/website? Is your business/website making a profit? How does your Business/website make money? Just because it’s a website does not make the answers to these questions any less important. Having a website for sale…

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buy | sell websites; what have you got to sell?

  OK, so you’ve got a: website online business internet business and you want to know how to go about selling it? Like any business sale, one starting point is to list all the “assets” it owns as well as the processes it goes through to deliver the product or service. Essentially you want to “map” the business, whether that be via a mindmap or a photo of a whiteboard or a note in a journal. Why? because it’s not only imperative that you understand what makes up the thing you’re selling but that it is also easy to explain….

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where does your Business Sell its wares?

Offline? Online? Or is it a combination? Do you have a strategy for both? Do you have numbers and statistics for both? How do they complement each other? Some businesses lend themselves to being ideal for online commerce. Others are more your traditional bricks and mortar type business. Nearly all try and cover both methods of operation. Whilst there are no right and wrong answers with this, there are definitely right and wrong questions being asked… For example, for those with a website: “How does my Business website get more traffic?” is not the right question to ask. “What type…

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buy | sell websites – what to do when you want to sell?

  Email me! This week I was introduced to two entrepreneurial mothers who have built neat little websites, with a form of eCommerce platform. In both cases, life circumstances have altered therefore informing them to do something other than their respective businesses. Both made similar comments – “I was just going to shut it down if I couldn’t work out what to do with it. I had not even thought of selling until ____ (can’t reveal my sources!) mentioned it and now I’m really pleased to explore this as an option” Excellent! so am I. Too much time, effort and…

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