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Added for You - 13 More Tips to Avoid Ebusiness Plan Mistakes
If you are a business consultant you need a top notched resume for your website and brochures, but it need not be in the strict sense of the word. That is to say you resume format will be more like a quick story of your business history rather than a resume with dates, degrees and such. Business folks who hirer you are not looking for a resume as much as a team partner consultant who knows his or her stuff.As a consultant you must remember that you are not sending your r?sum? to a single company in a single industry, rather you are introducing yourself to a wide range of business is in an industry or a subsector of that industry. Many consultants such as marketing consultants work in multiple industries and therefore a specific resume, which might be designed for a specific job simply will not do.Thus business consultants should not be vague, but rather all-inclusive. For a web site it is much better to have a story type resume, which has links to other information within the resume or story. This will allow the potential client to see the diversity and ability of the consultant. Please consider all this in 2006.
Make Sure you Identify a USP Whatever else you do, you must identify your unique selling position if you are to succeed.
Learn More at Content, Community and your USP
5. Buying into Someone Else's Business
Starting with a "Turnkey" or "Plug-n-Go" business opportunity may sound very tempting and easy, but in fact, these "Ready to Roll" opportunities fail miserably as they lack the facilities to differentiate your ebusiness.
Some of these opportunities are really only marketing systems that can be applied to a particular product or service. You get some form of instruction - perhaps a manual, CD or video, but these are not a complete business.
Others offer all the tools and tricks to sell their products for them, including websites, standard advertisements, communications and so on. These kind of opportunities tend to attract spammers, who think they might get sales using unethical methods. How many times have you seen the same subject heading appearing in your inbox?
Then there is the "totally flexible" opportunity of a system that claims to work for any product, service or in any market. These opportunities cannot work either, as variations in marketing will apply to each unique industry.
Learn More at Getting Started: Things to Think About
6. The Business Doesn't Suit the Owner
We are all individuals with our own unique experiences and backgrounds. What works for someone else will not necessarily be suitable for you. Be sure that your business
Imagine riding an elevator with strangers. One asks you, “What do you do?” You have until the elevator reaches the next floor to answer the question. If you answer compellingly, then you could get sales leads or referrals. The goal is to answer so that you are asked for your business card before the elevator stops.To be asked for your card by a stranger after a self-introduction that lasts no longer than thirty seconds: that is the mark of a compelling elevator speech. That is also where most fail. Good, but… Consider Jeff’s elevator speech: “I work with people who want to accumulate wealth by investing in undervalued stocks.”This is what Brenda says: “I help couples to furnish and decorate their new homes in a style that’s all their own.”Jeanette says, “I work with growing companies that need to find talented people so that they can continue growing and become more successful.”Each of these is good enough that Jeff and Brenda and Jeanette can give out their business cards. They concisely describe their customers and the benefits they provide. Yet, these elevator speeches lack the power to compel most people to ask for a business card before the elevator stops.For example, unless you are already somebody who wants to accumulate wealth by investing in undervalued stocks, Jeff might only be remembered for his sharp suit and irrelevant career. Empathy gives it power That compelling power comes from describing with empathy the emotional discomfort or pain that you relieve. That is the core of a compelling elevator speech: pain relief.Here is Brenda’s elevator speech again, with pain relief added: “I help couples to furnish and decorate their new homes in a style that’s all their own – and they don’t have to do all of the shopping.” Many people would like relief from the chore of shopping for furnishings and decorat
Choose a genuine business offering quality in-demand products or services; make them available at competitive prices; and step on the road to success!
This article is a continuation of 13 Common Ebusiness Plan Mistakes to Avoid
The above article lists the 13 common mistakes made by ebusiness owners shows where they go wrong at various stages of development. This article highlights even more mistakes people make right at the business planning stage:
1. Trying to be a 'Jack of All Trades'
2. Selling the Wrong Products or Services
3. Not avoiding Obstacles to Shopping
4. Not Identifying a Unique Selling Position
5. Buying into Someone Else's Business
6. The Business doesn't Suit the Owner
7. No Support or Backup Systems
8. Trying to 'Go it Alone' without a Mentor
9. Unrealistic Time Targets and Goals
10. No Customer Service Policy
11. Not Prepared for Success
12. Didn't get the Fulfillment Right
13. Underestimated the Finance Required
1. Trying to be a 'Jack of All Trades'
Websites that attempt to sell just about anything going, have no chance of success on the internet. General retail sites work well for long established corporate companies who have had many years as offline businesses, and have a large customer base or well-known brand. However, such sites don't work well for the majority of aspiring internet entrepreneurs. Websites offering unrelated products or services tend to be ignored by search engines.
Plan to Specialize The best way to increase your chances of success is to find a large target market looking for something specific, that few or no-one Else can provide - then place it right in front of them. If you can select a specialized niche that offers potential for growth, you are on the right track. Do your research well, and make sure that your chosen market is large enough to support your planned sales volume, and that you can entice them to buy your products or services.
Learn More about Niche Marketing Secrets
2. Selling the Wrong Products or Services
It is true that you can sell anything on the internet, sometimes the craziest items raise amazing prices on Ebay! However, these are one-offs and not sustainable as a real business. There are many physical products that are difficult to sell via a website, unless you only plan to sell locally and offer an easy returns system. These are products that need a customer's personal evaluation - to be seen or tried on; products that are perishable or fragile; heavy goods with added shipping or delivery costs can be more expensive than buying locally, and so on.
But the biggest mistake to make is being product-led, rather than market-led. You may have a fantastic product, but if hardly anyone is searching for it on the internet, you will rarely make any sales.
Choose the Right Products The internet is great for high value products not easily found on the High Street, or products that are cheaper to buy even with shipping costs added. Digital products which can be instantly downloaded or online services are a natural choice.
The best products or services to offer on the internet are those identified through research, where keywords and phrases used in search engines (amongst other research techniques) will identify what people want. It's then possible to locate or create what people want, and stay within a niche market. Find the right product, and people will come to you, ready to buy.
Learn more about Keyword Research and Keyword Optimization
3. Not Avoiding Obstacles to Shopping
Many website owners actually create obstacles to shopping, and wonder why they don't close sales. Potential buyers leave such sites because they have to go seek out how to pay, or the shopping carts are complex, or they can't find an explanation of what happens when they pay, or the payment methods are not limited and not acceptable to them. They are asked to pay before they know shipping costs, or delivery schedules, and so on. The worst offender is a non-secure website, with no credit card encryption or any indication of how safe their personal information is.
Give your customers the opportunity to 'Buy Now' or 'Order' as soon as they find the product they want. Give them all the information they need before they make payment, such as a summary of what they are buying, the price, shipping and handling costs, delivery schedules, terms of sale, returns, refunds, etc, and then ask them to confirm all is well before they pay via a secure payment system. And follow that through with a thank you page, and what happens next.
A Word of Warning If you communicate by email, make sure your buyers know they will only receive order confirmation, etc, and not be bombarded with future emails unless they ask for it by subscribing to your mailing list. This is spamming of the worst kind, and some of the largest corporations are guilty of this offense! If you want to follow up a sale, do it right, and ask if they want to subscribe to your newsletter or special offers bulletin, and only then after using double opt-in methods. Don't lose future sales using email without permission!
Learn more at Direct Opt-in Email and Permission Marketing
4. Not Identifying a Unique Selling Position (USP)
Without a unique selling position (USP) that sets you apart from your competitors, your new business will struggle. There is no reason why visitors to your website should buy from you, as opposed to a trusted and respected market leader, unless you can offer something different or unique.
Perhaps you can offer a better service or guarantee, lower prices or more added-value offers; enhance something standard into a bespoke product; or some other factor that identifies your USP? Maybe you can build a community by setting up a discussion forum for your customers to communicate with others using the product? Create a video clip showing them how to use it?
Make Sure you Identify a USP Whatever else you do, you must identify your unique selling position if you are to succeed.
Learn More at Content, Community and your USP
5. Buying into Someone Else's Business
Starting with a "Turnkey" or "Plug-n-Go" business opportunity may sound very tempting and easy, but in fact, these "Ready to Roll" opportunities fail miserably as they lack the facilities to differentiate your ebusiness.
Some of these opportunities are really only marketing systems that can be applied to a particular product or service. You get some form of instruction - perhaps a manual, CD or video, but these are not a complete business.
Others offer all the tools and tricks to sell their products for them, including websites, standard advertisements, communications and so on. These kind of opportunities tend to attract spammers, who think they might get sales using unethical methods. How many times have you seen the same subject heading appearing in your inbox?
Then there is the "totally flexible" opportunity of a system that claims to work for any product, service or in any market. These opportunities cannot work either, as variations in marketing will apply to each unique industry.
Learn More at Getting Started: Things to Think About
6. The Business Doesn't Suit the Owner
We are all individuals with our own unique experiences and backgrounds. What works for someone else will not necessarily be suitable for you. Be sure that your business v
One highly effective type of advertising costs virtually nothing: public relations. With public relations, the newsworthiness of some aspect of your business or business activities can earn you free publicity in newspapers or magazines, or even on radio or television. However, it must truly be newsworthy. You might publicize, for example, a lecture, a demonstration or a workshop being presented at your business site - an event that news outlets could list in their community calendars or possibly even send a reporter to cover. Find out who at a station or publication handles such local events and send that person a news release. Alternatively, prepare an article for a newspaper or trade magazine in which you offer information of value to its readers. The point of such articles is to establish you as an authority in your industry. It's for this reason that a stockbroker might write a biweekly column on personal finance or a nursery write a column giving gardening advice. A further source of publicity is goodwill efforts. Team sponsorships, for example, keep your name in front of the public. Lectures given by you or your staff to civic groups or other businesses also enhance your company's visibility. Get a list of clubs and associations from your local Chamber of Commerce. Another course of action, one that must be heartfelt and genuine, is to spearhead a campaign to solve a community problem that is related to your business. A pharmacist, for example, might lead an effort to keep poison detection centers open. Writing a News Release If you keep in mind the person at the newspaper, magazine or station who'll receive your news release - a person buried under stacks of releases and eager to find some newsworthy information – you'll automatically write the best kind of release: short, crisp and simple.
Plan to Specialize The best way to increase your chances of success is to find a large target market looking for something specific, that few or no-one Else can provide - then place it right in front of them. If you can select a specialized niche that offers potential for growth, you are on the right track. Do your research well, and make sure that your chosen market is large enough to support your planned sales volume, and that you can entice them to buy your products or services.
Learn More about Niche Marketing Secrets
2. Selling the Wrong Products or Services
It is true that you can sell anything on the internet, sometimes the craziest items raise amazing prices on Ebay! However, these are one-offs and not sustainable as a real business. There are many physical products that are difficult to sell via a website, unless you only plan to sell locally and offer an easy returns system. These are products that need a customer's personal evaluation - to be seen or tried on; products that are perishable or fragile; heavy goods with added shipping or delivery costs can be more expensive than buying locally, and so on.
But the biggest mistake to make is being product-led, rather than market-led. You may have a fantastic product, but if hardly anyone is searching for it on the internet, you will rarely make any sales.
Choose the Right Products The internet is great for high value products not easily found on the High Street, or products that are cheaper to buy even with shipping costs added. Digital products which can be instantly downloaded or online services are a natural choice.
The best products or services to offer on the internet are those identified through research, where keywords and phrases used in search engines (amongst other research techniques) will identify what people want. It's then possible to locate or create what people want, and stay within a niche market. Find the right product, and people will come to you, ready to buy.
Learn more about Keyword Research and Keyword Optimization
3. Not Avoiding Obstacles to Shopping
Many website owners actually create obstacles to shopping, and wonder why they don't close sales. Potential buyers leave such sites because they have to go seek out how to pay, or the shopping carts are complex, or they can't find an explanation of what happens when they pay, or the payment methods are not limited and not acceptable to them. They are asked to pay before they know shipping costs, or delivery schedules, and so on. The worst offender is a non-secure website, with no credit card encryption or any indication of how safe their personal information is.
Give your customers the opportunity to 'Buy Now' or 'Order' as soon as they find the product they want. Give them all the information they need before they make payment, such as a summary of what they are buying, the price, shipping and handling costs, delivery schedules, terms of sale, returns, refunds, etc, and then ask them to confirm all is well before they pay via a secure payment system. And follow that through with a thank you page, and what happens next.
A Word of Warning If you communicate by email, make sure your buyers know they will only receive order confirmation, etc, and not be bombarded with future emails unless they ask for it by subscribing to your mailing list. This is spamming of the worst kind, and some of the largest corporations are guilty of this offense! If you want to follow up a sale, do it right, and ask if they want to subscribe to your newsletter or special offers bulletin, and only then after using double opt-in methods. Don't lose future sales using email without permission!
Learn more at Direct Opt-in Email and Permission Marketing
4. Not Identifying a Unique Selling Position (USP)
Without a unique selling position (USP) that sets you apart from your competitors, your new business will struggle. There is no reason why visitors to your website should buy from you, as opposed to a trusted and respected market leader, unless you can offer something different or unique.
Perhaps you can offer a better service or guarantee, lower prices or more added-value offers; enhance something standard into a bespoke product; or some other factor that identifies your USP? Maybe you can build a community by setting up a discussion forum for your customers to communicate with others using the product? Create a video clip showing them how to use it?
Make Sure you Identify a USP Whatever else you do, you must identify your unique selling position if you are to succeed.
Learn More at Content, Community and your USP
5. Buying into Someone Else's Business
Starting with a "Turnkey" or "Plug-n-Go" business opportunity may sound very tempting and easy, but in fact, these "Ready to Roll" opportunities fail miserably as they lack the facilities to differentiate your ebusiness.
Some of these opportunities are really only marketing systems that can be applied to a particular product or service. You get some form of instruction - perhaps a manual, CD or video, but these are not a complete business.
Others offer all the tools and tricks to sell their products for them, including websites, standard advertisements, communications and so on. These kind of opportunities tend to attract spammers, who think they might get sales using unethical methods. How many times have you seen the same subject heading appearing in your inbox?
Then there is the "totally flexible" opportunity of a system that claims to work for any product, service or in any market. These opportunities cannot work either, as variations in marketing will apply to each unique industry.
Learn More at Getting Started: Things to Think About
6. The Business Doesn't Suit the Owner
We are all individuals with our own unique experiences and backgrounds. What works for someone else will not necessarily be suitable for you. Be sure that your business
This subject pertains to the traveling team that invades offices or businesses that are not living up to expectations. The dreaded moment when corporate sends in their team of so called experts to FIX the problems. I have repeatedly seen these so called teams of experts come into locations only to leave it worse then it was when they arrived.I was visiting with the leader of one of these so called teams recently and was appalled by his planned course of action. After quite a bit of discussion the leader asked “The Specialist” for some tips. First let me tell you his opening strategy. He proudly went on to inform me that since no one knew his appearance he was going to hide and hang around and find out all the mistakes they were making and then inform them it was going to be his way or the highway. He spoke very confidently.The obvious problem that “The Specialist” has with this right off the bat is that I prefer to catch people doing things RIGHT! What I recommended to him was perhaps he should take another approach…for example, why not positively introduce himself, let everyone know there was a clean slate and establish a great relationship with everyone. I suggested that after everyone trusted him and realized that he was not a hatchet man, they would feel more comfortable. Then as the first few days progressed he could gradually slide in his changes. Instead of being afraid of massive change, the employees would be much more receptive to change.I have done this countless times, in fact I even take it further and meet with the individual employees and let them know that I was there to advance their career and if there was anything I could do to help them I would be glad to. This approach works wonders, and the results are staggering! Instead of blowing everybody out and having to build from scratch, you have done what was expected of you and that was FIX the problems.
Choose the Right Products The internet is great for high value products not easily found on the High Street, or products that are cheaper to buy even with shipping costs added. Digital products which can be instantly downloaded or online services are a natural choice.
The best products or services to offer on the internet are those identified through research, where keywords and phrases used in search engines (amongst other research techniques) will identify what people want. It's then possible to locate or create what people want, and stay within a niche market. Find the right product, and people will come to you, ready to buy.
Learn more about Keyword Research and Keyword Optimization
3. Not Avoiding Obstacles to Shopping
Many website owners actually create obstacles to shopping, and wonder why they don't close sales. Potential buyers leave such sites because they have to go seek out how to pay, or the shopping carts are complex, or they can't find an explanation of what happens when they pay, or the payment methods are not limited and not acceptable to them. They are asked to pay before they know shipping costs, or delivery schedules, and so on. The worst offender is a non-secure website, with no credit card encryption or any indication of how safe their personal information is.
Give your customers the opportunity to 'Buy Now' or 'Order' as soon as they find the product they want. Give them all the information they need before they make payment, such as a summary of what they are buying, the price, shipping and handling costs, delivery schedules, terms of sale, returns, refunds, etc, and then ask them to confirm all is well before they pay via a secure payment system. And follow that through with a thank you page, and what happens next.
A Word of Warning If you communicate by email, make sure your buyers know they will only receive order confirmation, etc, and not be bombarded with future emails unless they ask for it by subscribing to your mailing list. This is spamming of the worst kind, and some of the largest corporations are guilty of this offense! If you want to follow up a sale, do it right, and ask if they want to subscribe to your newsletter or special offers bulletin, and only then after using double opt-in methods. Don't lose future sales using email without permission!
Learn more at Direct Opt-in Email and Permission Marketing
4. Not Identifying a Unique Selling Position (USP)
Without a unique selling position (USP) that sets you apart from your competitors, your new business will struggle. There is no reason why visitors to your website should buy from you, as opposed to a trusted and respected market leader, unless you can offer something different or unique.
Perhaps you can offer a better service or guarantee, lower prices or more added-value offers; enhance something standard into a bespoke product; or some other factor that identifies your USP? Maybe you can build a community by setting up a discussion forum for your customers to communicate with others using the product? Create a video clip showing them how to use it?
Make Sure you Identify a USP Whatever else you do, you must identify your unique selling position if you are to succeed.
Learn More at Content, Community and your USP
5. Buying into Someone Else's Business
Starting with a "Turnkey" or "Plug-n-Go" business opportunity may sound very tempting and easy, but in fact, these "Ready to Roll" opportunities fail miserably as they lack the facilities to differentiate your ebusiness.
Some of these opportunities are really only marketing systems that can be applied to a particular product or service. You get some form of instruction - perhaps a manual, CD or video, but these are not a complete business.
Others offer all the tools and tricks to sell their products for them, including websites, standard advertisements, communications and so on. These kind of opportunities tend to attract spammers, who think they might get sales using unethical methods. How many times have you seen the same subject heading appearing in your inbox?
Then there is the "totally flexible" opportunity of a system that claims to work for any product, service or in any market. These opportunities cannot work either, as variations in marketing will apply to each unique industry.
Learn More at Getting Started: Things to Think About
6. The Business Doesn't Suit the Owner
We are all individuals with our own unique experiences and backgrounds. What works for someone else will not necessarily be suitable for you. Be sure that your business
The office is usually the place where people would like to feel comfortable in order to work well. Some people put pictures of their family on the desk, some like to see nice paintings on the walls but I would like to tell you how in fact something else can make you feel good and in the right mood for work.LED is short for light-emitting diodes. These semiconductor devices are one major breakthrough in electronics. They emit light when electrical charge is set in forward direction. One good thing about them is that they come in various colors.Now let’s see what use we have for them. We know that human body have 5 senses that are used to interfere with the world around it. One of most importance is the sight. We use our eyes to interact with the visual reality. In order for this to happen we need light. If we take a moment to think about it we’ll understand that the light is the only reason for us to see.Psychological researches discovered that different colors call different reactions in us. So if we put together light and a good chosen color we’ll be able to call a calm and relaxing feeling in both ourselves and everyone that visits our office.Now to make an example let’s see what could happen if we set some nice LEDs around us and make the office look nice. It won’t be too dark with some LEDs pointed at the walls creating a calming sensation. We do not want to make a night club so the colors will be limited but the well adjusted light of the LEDs will still make the difference. Let’s now see what happens when a client comes into the room. The first impression when you go somewhere is created by the light itself. The client won’t see the pictures on the wall; he won’t see the wonderful desk in front of us but the light. Only then he’ll begin noticing more and more things but with a new mood and new perspective. He will be more pleased and you will be able to get h
A Word of Warning If you communicate by email, make sure your buyers know they will only receive order confirmation, etc, and not be bombarded with future emails unless they ask for it by subscribing to your mailing list. This is spamming of the worst kind, and some of the largest corporations are guilty of this offense! If you want to follow up a sale, do it right, and ask if they want to subscribe to your newsletter or special offers bulletin, and only then after using double opt-in methods. Don't lose future sales using email without permission!
Learn more at Direct Opt-in Email and Permission Marketing
4. Not Identifying a Unique Selling Position (USP)
Without a unique selling position (USP) that sets you apart from your competitors, your new business will struggle. There is no reason why visitors to your website should buy from you, as opposed to a trusted and respected market leader, unless you can offer something different or unique.
Perhaps you can offer a better service or guarantee, lower prices or more added-value offers; enhance something standard into a bespoke product; or some other factor that identifies your USP? Maybe you can build a community by setting up a discussion forum for your customers to communicate with others using the product? Create a video clip showing them how to use it?
Make Sure you Identify a USP Whatever else you do, you must identify your unique selling position if you are to succeed.
Learn More at Content, Community and your USP
5. Buying into Someone Else's Business
Starting with a "Turnkey" or "Plug-n-Go" business opportunity may sound very tempting and easy, but in fact, these "Ready to Roll" opportunities fail miserably as they lack the facilities to differentiate your ebusiness.
Some of these opportunities are really only marketing systems that can be applied to a particular product or service. You get some form of instruction - perhaps a manual, CD or video, but these are not a complete business.
Others offer all the tools and tricks to sell their products for them, including websites, standard advertisements, communications and so on. These kind of opportunities tend to attract spammers, who think they might get sales using unethical methods. How many times have you seen the same subject heading appearing in your inbox?
Then there is the "totally flexible" opportunity of a system that claims to work for any product, service or in any market. These opportunities cannot work either, as variations in marketing will apply to each unique industry.
Learn More at Getting Started: Things to Think About
6. The Business Doesn't Suit the Owner
We are all individuals with our own unique experiences and backgrounds. What works for someone else will not necessarily be suitable for you. Be sure that your business
Incredible But True: Twelve Completely Free MBA CoursesPublishing Guidelines: You may publish my article in your newsletter, on your website or in your print publication provided you include the resource box at the end. Notification would be appreciated but is not required.By S. MaurerIt seems incredible, but it is true.The old Abet Open University created his non-profit Business Technology Open University - http://business-technology.us - totally free. Its operations are supported by ads - content oriented - of companies, inside the texts of the lessons. However, Business Technology is totally independent and without any connection with any manufacturer or consultant.Its twelve free MBA courses are the following:- MBA Business Administration & e-Company - EMBA Executive Business Administration - CIO Chief Information Officer - ERP Enterprise Resources Planning - CRM Customer Relationship Management - SCM Supply Chain Management - BI Business Intelligence & Data Mining - BA Business Automation & Workflow Management - HRM Human Resources Management - CIMO Internet Marketing & Sales & e-Commerce - Public Administration & e-Government - PM Project Management.Those 12 MBA courses are the so called Next-Generation because its teached matters are very modern, as the new management of companies and Governments, the new management technologies, etc.Those courses are only in English and by correspondence, with 2 to 5 lessons a week and they durations varies from 1.5 up to 5.5 months. In the total they have 2,600 lessons and additionally more 11,000 complemental lessons, everything sent in e-mail attachments.The pre-requirements for the registrations are one of the following:- College/University graduated or in course to graduate, or- Good job experience in the choiced MBA m
Make Sure you Identify a USP Whatever else you do, you must identify your unique selling position if you are to succeed.
Learn More at Content, Community and your USP
5. Buying into Someone Else's Business
Starting with a "Turnkey" or "Plug-n-Go" business opportunity may sound very tempting and easy, but in fact, these "Ready to Roll" opportunities fail miserably as they lack the facilities to differentiate your ebusiness.
Some of these opportunities are really only marketing systems that can be applied to a particular product or service. You get some form of instruction - perhaps a manual, CD or video, but these are not a complete business.
Others offer all the tools and tricks to sell their products for them, including websites, standard advertisements, communications and so on. These kind of opportunities tend to attract spammers, who think they might get sales using unethical methods. How many times have you seen the same subject heading appearing in your inbox?
Then there is the "totally flexible" opportunity of a system that claims to work for any product, service or in any market. These opportunities cannot work either, as variations in marketing will apply to each unique industry.
Learn More at Getting Started: Things to Think About
6. The Business Doesn't Suit the Owner
We are all individuals with our own unique experiences and backgrounds. What works for someone else will not necessarily be suitable for you. Be sure that your business venture meets your own personal criteria, and if you enjoy and are passionate about what you are doing, you are halfway to success.
Decide what goals you want to achieve in your life; what sacrifices you are prepared to make to achieve those goals; how you are going to achieve them; and what you will be comfortable with. Getting a life balance is important for your health and welfare and your ultimate success. Your own comfort level and attitude play the most important part in determining your success in any business, along with quality products or services to sell and a good marketing system.
Decide on your Personal Criteria for Ebusiness
7. No Support or Backup Systems
When you write your ebusiness plan, include details of the support and backup you will need to develop your business. Many businesses fail through lack of support, whether it is financial, technical or advisory. Many give up or don't even get started as everything seems overwhelming. This is where real support, advice and encouragement would really make a difference - but just isn't available in most cases.
Identify all the support you will need, and make sure they are part of your ebusiness plan. This might be someone you know, or a local service that can provide you with technical advice when things go wrong. Identify business training resources for yourself (and staff if you have them) and learn as much as you can about your niche. Build in a contingency plan to keep things moving when there are delays you can't control.
Find yourself a good mentor (see item 8 below), or a program to give you access to someone with a lot of experience in your industry. They will know what it takes, be able to tell you how to avoid the pitfalls and really guide you to success.
8. Trying to "go it alone" without a Mentor
A good mentor can guarantee you succeed. They can customize a business development program that specifically suits your unique qualities; a program you will be happy with and be able to stick to. As long as the opportunity they are mentoring you on has a quality product with good demand, is competitively priced and offers an effective way of reaching the market, then they can take you by the hand to build your business step-be-step. This is the way a real business succeeds.
Fortunes are not made overnight. A solid business develops and grows, and an experienced mentor can take you for where you are now to where you want to be, in the shortest possible time.
Learn Why you should have a Mentor
9. Unrealistic Time Targets and Goals
"Rome was not built in a day" and a credible business won't make a fortune overnight. When planning your time scales, make sure you build in flexibility for delays and strategic changes. If you want a professional website design, this can take many communications between yourself and the web designer to get everything exactly as you want it. You will no doubt change your mind about the design you thought you wanted, or the colours, or the functionality, and all this before you load up the content. There will be much 'testing' and 'tweaking' before you launch your website. "Under Construction" or "Coming Soon" does not give a professional image and a half-finished website will simply put visitors off, never to return.
Once you're happy with the website and have tested your payment process, etc, you will need to allow time for optimization (if you didn't do this whilst writing content), then registering with search engines and directories before you start marketing. All this can take months, depending on the number of pages on our website.
Learn More about the Stages of Web Development
10. No Customer Service Policy
Ensure you have planned and organized your customers service to avoid severe repercussions on your ebusiness. Good customer service includes making sure your site is always working, with no broken links; answering email inquiries or complaints promptly; having secure and easy to use order forms or shopping cart; immediate order or purchase confirmation process which also says thank you; a straightforward returns policy or guarantees; reliable fast shipping for physical products; asking your customers or website visitors for feedback; clear and understandable FAQ's.
Learn More at Laying Solid Foundations for your Ebusiness
11. Not Prepared for Success
If you get everything right, with good traffic levels and conversion rates, your ebusiness success can be phenomenal, so plan for growth right from the start. Make sure that you have scalable options, such as the ability to secure additional bandwidth to enable your pages to still load quickly as more and more traffic accesses your website. If you are offering direct downloads, this will also affect your bandwidth, so ensure your web host can provide you with everything you might need.
Learn More about Commercial Web Space
12. Didn't Get the Fulfillment Right
Unreliable and tardy deliveries to your customers will usually result in no further orders and loss of potentially good relationships. This applies to both physical and digital products - there are many websites offering "immediate downloads" which are nothing of the kind! So the buyer is left chasing up what happened and trying to obtain their purchase. Often, these are technical faults, links to download pages are broken, too many people are trying to download at once, and there is insufficient bandwidth, and so on.
Websites offering physical product deliveries within 48 hours which actually turns into weeks (due to many excuses) should also be brought to task. If you plan to deliver physical products, research to find the best distribution services available to your industry, and monitor the service they provide for you. Remember, it's your customers who are paying so negotiate the best deal for them. Tell your customers how and when they can expect their order to arrive - before they make their payments - and confirm delivery dates and other details in your "thank you for your order" email. And don't forget to give them a link to contact you should anything go wrong.
13. Underestimated the Finance Required
There is no such thin
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