Your Questions About Internet Business Plan
Betty asks…
How Internet affectecs the economy in good and bad ways?
Hello I have to make a presentation for my oral comunication on wednesday and I am planning on doing about How Internet affects to the global economy in good and bad way, so I want to explain with some poimts for example one positive way it can be companies spend less money in marketing publishing on Internet or I am not sure but I think Internet business do not pay taxes and affects the economy (US) Ok thank you for helping
Jere answers:
Economically speaking, there aren’t any bad ways. The Internet removes transaction costs and broadens markets, making them more efficient.
James asks…
How do I write a business plan?
I want to open a business and apply for an SBA (Small Business Loan), but from what I understand, in order to apply you must have a business plan prepared. If I tried to prepare one now, I would just be wasting my time because I have no idea what should be in it or what to discuss. Can anyone suggest a web site with a rubrick or some information about this?
Jere answers:
You can surf the internet, I know there are sites that offer “templates” to help you but you have to pay for them. They are very hard work and time consuming to create one. I’ve done 2 of them.
Chris asks…
What does it take to start an Internet business and grow it into a multimillion pound company?
I want to know what it takes to start an Internet based business small from, say, a back bedroom, and grow it into a multimillion pound company with offices all over, i.e. in terms of cost to start the company and how you would go about building it into a strong business?
Jere answers:
It needs to be a product that people have a track record of buying, that you are able to reach those buyers easily and that has lots of repeat business and referral potential.
It can cost a very small amount to set up the back bedroom operation – computer with internet connection and a domain name with web hosting.
If you’re running it as an internet business do you really need lots of offices? It may be more viable to outsource some things and do the rest from your “headquarters”.
The first thing to do is your research into your potential market and then to put together a plan for how you’re going to run the business.
Good luck!
Nancy asks…
Whats the best book to read on starting a internet business?
I’m a complete beginner and dont know a lot about internet business so the book has to be for beginners.
Jere answers:
There’s probably a book in the “For Dummies” series you can pick up, much of one’s real world education happens online, hanging around Internet Marketing Forums, one popular with beginners that has a lot of training titles, some good, some not, that are reasonably priced, on their WSO section is WarriorForum.com.
Many people start with affiliate marketing, which has virtually no startup cost, although realistically if you planned to make a living at it, it might take at least 6 months to learn the ropes and setup the means to get lost of eyes on your ads.
An online store will require some inventory and if self hosted, some cost for the facilities. An eBay or Amazon store are the easy way to get started. It’s a highly competitive world, the winning stores seem to buy in volume and sell with razor thin margins in some areas like electronics.
Sandra asks…
What should I name my Green Internet business?
I am planning on starting a Green Internet business when i get done with College and i need help picking a site name….It needs to be something that i can use for other stuff rather then a internet business like a store and what not. Something with a mascot would be cool to
Sorry i thought i put more information on there. i am going to be selling various green products to homes and businesses that help make there home/office more “green” and im planning on opening a small shop that people can get green products that they cant get at a everyday store.
Jere answers:
Wow some more specifics would be good.
How about
EntreManures (like entrepreneur and composting?) The mascot can be a cute worm.
Or maybe GreenMinds. The logo/mascot can be a brain colored green.
VirtualAlternatives? (green and internet)
DeeplyGreen
Greeneration
greenhorn (a pun since the word means newbie on the subject)
greenealogist
greenies (the mascot can be a green colored genie in a bottle)
greenius (maybe a green colored Einstein?)
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