7 Tips to Start an Online Business - PowerPoint PPT Presentation

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7 Tips to Start an Online Business

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An online business is what you can consider starting in such a scenario. With an online store of your own, you can reach up to millions of potential customers without having to invest in a retail space. However, you will require a superb product and a splendid marketing plan to back you up. – PowerPoint PPT presentation

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Title: 7 Tips to Start an Online Business


1
7 Tips to Start an Online Business
Those who want to start an online business. The
answer is here. Read this to start a new venture
in todays digital world.
2
How to Start a Business Online
  • Identify a need to fill
  • Many people are starting an online business
    select the product first, without assessing the
    market for it. This is a definite mistake, and
    you should do the other way round.  Select a
    market and identify a need therein. Do online
    market research and find people (or groups of
    people) who are looking to find out a solution
    for a particular need.
  • You may visit online forums to find peoples
    queries and to see whether they are getting any
    solutions for them. Also, search for those
    keywords/problem statements searched by a lot of
    people but not many sites/companies are competing
    to fill the demand.
  • Do a competition survey to find out who your
    competitors are and what their strategies are to
    meet the demand. Assimilate all the information
    and create a product to fill the identified need
    for the market.

3
2. Write an effective sales copy Design an
effective sales copy that keeps the visitors
interested throughout the selling process and
till the time they buy the product. Make the
visitor understand how your product can solve his
need or can make his life better in a unique way.
Keep in mind the following points- 1 Use a
captivating headline to arouse user interest 2
Describe the problem solved by your product 3
Showcase testimonials/reviews from satisfied
users of your product 4 Make an offer with a
strong guarantee 5 Create urgency and ask for a
purchase
4
3. Build and design your website Once you have
nailed down your market and the product, its
time to make your online presence with your
website. Remember you need to keep it simple,
yet, inviting as you have merely a few seconds to
make that long-lasting impression on your
potential customers. Keep the below-mentioned
points in mind- Your website will do the selling
for you. Make it engaging and professional
enough Your navigation should be easy and clear
enough Include an opt-in offer so that you can
get the email or any other address to communicate
the customer The customer should not need more
than 2 clicks to land on the payment page Make
the online purchasing process hassle-free.
5
4. Drive targeted customers to your site through
search engines Use pay per click (PPC)
advertising as its the most efficient way to
draw traffic to a new site. PPC ads appear
immediately on the search pages, and they also
make it possible for you to test and discover the
best keywords, selling approaches and prices. You
can then distribute the identified keywords in
your copy and code and throughout your site. This
will improve your rankings in the search results.
6
  • 5. Build an expert reputation for your site
  • People are always on the lookout for quality
    information on the internet. Provide information
    for free, and you will experience a better inflow
    of traffic towards your site. But, do not forget
    to include a link towards your site, along with
    these pieces of information. The following points
    will be useful for you-
  • Create useful contents in the form of engaging
    articles/videos and distribute through social
    media platforms/online article directories.
  • Be actively involved in social networking sites/
    industry forums where your target customers freak
    out frequently.
  • Insert share with your friend links on
    high-value contents published in your website.

7
  • 6. Turn visitors into buyers through email
    marketing
  • In one of our previous sections, we talked about
    creating an opt-in offer for your visitors, which
    can prove to be one of your most valuable assets.
    With the help of this, you have received
    permissions from your subscribers and customers
    to send emails to them. This means-
  • You have got a chance to develop a long-lasting
    relationship with your potential customers
  • You can measure their response accurately
  • You can use the immense power offered by email
    marketing which is more targeted, more effective
    and cheaper than television and print
    advertising.
  •    A visitor who opts into your email list is by
    himself perfect lead. Email is the most effective
    tool to build on that lead any day.    

8
  • 7. Use the power of upselling and Back-end sales
  • One of the most eseential online marketing
    strategies is to work on the lifetime value of
    each and every customer. Researches have shown
    that about 40 of your one-time' customers are
    more likely to purchase from you again if you do
    a proper follow-up with them.  Closing the first
    sale on a positive note is by far the most
    difficult part (most expensive too!).Therefore,
    it's highly imperative for you to build on your
    first sale and use the power of upselling and
    back-end sales to make your customers buy again
    and again from you. Be mindful of the following
    points-
  • Offer them products to complement their
    original buy from you
  • Provide them loyalty coupons which they can
    redeem in subsequent visits
  • Invite them to customer loyalty events and make
    them feel valued.

9
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10
THANKS
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