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SETTING UP YOUR INTERNET BUSINESS

Taking time to set up your Internet business will prove less stressful in the long run and ensure that as your business builds, you have the necessary resources in place.

 
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Step 1 - Set Up The Business

  1. Set up a Company
  2. Set up Bank Accounts

You will need these to set up your Paypal account and some affiliate programs.


Step 2 - Set Up Resources

  1. Commit your time allowance each week to build the business
  2. Set Up Business Paypal account
  3. Join Affiliate Programs
  4. Build website templates
  5. Get Domains
  6. Set Up website hosting account
  7. Get basic site and ebook publishing tools
  8. Join 5 good Article Directories associated with your niche
  9. Join 5 good Forums associated with your niche

Step 3 - Set Up Core Office Technology

  1. Computer & Software
  2. Broadband Internet Connection
  3. Replication Back Up Software
  4. Daily Back Up Drive

Step 4 - Secure Key Resources

  1. Office Assistant
  2. Copy, Graphics & Web Design
  3. Web Server - PHP/mysql
  4. Web Server Programmer
  5. Web Server Administration
  6. Customer Service

You may do most of this yourself to start with.


Step 5 - Set Up Basic Sales Plan

You cannot hit a target you cannot see.

  1. Set Sales Target - Start Up Average 0.5-1.0% Conversion - Aim for minimum 2% Conversion. If not reaching 1% do Survey
  2. Create Weekly Tracking ARPU Graph
  3. Calculate Conversion Ratio
  4. Calculate Net Profit
  5. Calculate Break Even

Step 6 - Prepare Product Development Plan

  1. Download and install free software tools to help with your research.
  2. Decide on a niche that fits with your personal and business goals.
  3. Look for products or product ideas in your small business.
  4. Confirm an existing market and customers.
  5. Reverse engineer the existing market.
  6. Document your corporate profile and write out an elevator pitch.
  7. Document a sales process for the products that you have decided on.
  8. Test and research your ideas in your market.
  9. STAKE A BIG FAT CLAIM

Step 7 - Work the Action Plan

Your commitment doesn't really start until you complete your first action.

NEXT: 3 - Identifying Your Profitable Niche

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