Entradas

Mostrando entradas de enero, 2019

What to consider when sourcing your product for your online business

What to consider when sourcing your product for your online business January 20-26, 2019 Sourcing your product is one of the crucial aspects in the success of your online business. Sourcing means that you must define who is going to provide you the product you need to distribute it, and even though there are several options, basically two of them are a boom today: Drop Shipping and Affiliate Marketing. The selection of one of these two models depends on the availability and engagement willingness you have with your online business. The drop shipping model is one where you will have the opportunity to contact a supplier and he will take charge of shipping the product to the customer charging you a special price per unit, but you will take charge of the invoicing process, the customer service, the publicity and all of the other aspects related with the business. On the other hand, the affiliate marketing model is a model where you act as an advertiser for a specific company using yo...

Creating and running a successful online business

Creating and running a successful online business January 13-19, 2019 This week has been interesting for me. It started by asking me to think about 20 web business ideas and when I began to think about it, it was not as easy as it seems. I started thinking about the ideas and when I arrived to the 6th one I was totally blank minded. However, I continued and poured out 20 web business ideas to test them.  In the process of testing the ideas I found that I must consider the following aspects: The business model: The business model is key because it contains what is needed for the business in terms of logistics, partners, costs, activities, value proposition, and other aspects.  The keywords to position the business online: In the web business, one of the most important elements are the words that you choose related to your business; they become like an address to your web business. Demand for the business*: If there is not demand, what else? Competition for the busin...