Tuesday, 22 March 2011

Lesson 4 - Develop A Simple Plan for Your Online Business

Lesson 4

After you have decided on the product which you would like to promote, plan for your business. Planning doesn't require a few days, weeks or months, simple planning will do. Don't worry if you do not know how to plan, I will give you some simple advice below.

The reason why I ask you to plan is that planning is really very important, just remember this:

Fail to Plan = Plan to Fail

With the product you have selected, just ask yourself "Is this the market that you would like to develop a business"? For example, if you have selected a "diet formula" to promote, do you really like the "beauty and fitness" market? If yes, that's very good because you are promoting something that you have a passion in.

Furthermore, remember that internet business is just like a normal business. You will have the following:

- A shop name
In this case your domain name - get a domain name that is relevant to your product. In addition, take this into consideration "is your domain name going to attract only buyers of the diet formula or buyers of any product in the beauty and fitness market?"

You can google for advice on choosing a domain name or invest in a training video to help you save time. The "24 Hour Internet Business" training program which I mentioned in Lesson 1 includes this video.

- A shop space
After you have a shop name, you need to have a shop space to operate your business. In this case, your hosting account can help you get a shop space in the internet. The main reason why I suggested the Hostgator's baby plan is that you can host unlimited domains, i.e. you can set up unlimited shops selling different products in the internet. Remember to search for your most attractive discount code, you can also make use the discount code I mentioned in Lesson 2.

The best thing about this shop space is that it is open 24 hours a day, 7 days a week, 365 days a year and best of all open to everybody around the world as long as they have access to the internet. Isn't this wonderful?

Therefore, take some time to plan how you would like to market your product. Is it by writing articles, advertising, participating in forums, etc? I will be discussing about each technique later. In the meantime, read up on the training materials that you already have to help yourself get started with the planning.

See you!