Five Key Steps In Online Business Planning

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Five Key Steps In Online Business Planning

- By Jim Edwards

      – © Jim Edwards – All Rights reserved
    http://www.thenetreporter.com
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It rates easier than ever to start a new business on the
Internet.

Never before have the opportunities been more available,
the tools cheaper, or the prospects of success more likely.

Whether you’re a seasoned veteran looking to expand an
existing online business, a casual dabbler looking for a
part-time income, or an offline professional wanting to
expand your market online, the following five key steps
will help you reach your goals.

Key # 1: Define Your "Target"

Clearly list and explain what you want to accomplish in
your web site business. 

We all think about what we want to get or accomplish in
life and our job. 

But did you ever list it specifically in terms of money,
traffic to a web site, or more sales online?

This principle and simple activity applies to an ebook, a
new website, an ezine or any other business goal. 

Defining a clear target will give your conscious and sub
conscious mind something definite to shoot for.

Examples include: the number of subscribers to your ezine;
sales per day on your website; pages written in an ebook;
new advertising sources found; number of affiliates
recruited… and more.

Key # 2: Define the Cost"

You must "define the cost" in terms of the tools,
resources, and people you need to reach your online
business target, no matter what type of business you
operate.

How much will it cost in time per hour, per day, per week
and per month for each of these items?

Also, how much will it cost in terms of money to operate
the business, buy traffic, pay for hosting, design and
more?

Sit down and map out the costs before throwing open your
doors (or wallet) so you don’t get hit with any nasty
surprises.

Key # 3: "Make a List"

To create a real business that can be systematized, you
must list off every single thing or element connected with
your business, from the first idea to making daily deposits
into the bank when your idea bears fruit. 

You may not know how they’ll all get done right now, but you
must recognize that eventually each of these items must get
done.

You can easily come up with a fairly comprehensive list by
brainstorming just to get them down on paper.

Then, when you think you thought of everything, let someone
else take a look and poke holes in your list with all kinds
of additions and questions.

Key # 4: "Prioritize"

Here you must list all the elements you planned in number 3
in the exact order of how you should complete them. 

Car makers must build in a planned order, or the finished
product won’t work.

Once you sketch out your complete plan, let someone else
take a look to see if you forgot a step.

In fact, they might just point out that you forgot to tighten
the lug nuts and the wheels fell off at the dealership!

Key # 5: "One Step At A Time"

Most people want it all and they want it now!

Unfortunately, the real world doesn’t work that way.

Whether you do all the work yourself, outsource the job, or
a combination of the two, everything must get done in the
correct order in the correct way.

My motto reads, "Multi Tasking = Inefficiency!"

Don’t try to do two different jobs at the same time, you’ll
most likely screw up both and waste time and money doing
them a second time. 

Doing web site copy and checking email don’t mix. 

Creating auto-responder messages while checking
voice mail don’t mix. 

So pass each milestone on your roadmap to get things done
properly and in sequence.

Launching an efficient and effective online business is not
difficult!

It just requires careful planning, step-by-step execution,
and attention to detail in order to greatly increase your
chances of success.

—-

Jim Edwards is a syndicated newspaper columnist and the co-
author of an amazing new ebook that will teach you how to
work less, get paid more… and have tons more fun!

"The Lazy Man’s Guide to Online Business"

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