HOW TO BRING YOUR ONLINE BUSINESS IDEA TO LIFE
Yes, it is time for you to start your biz, and I am about to help you by sharing how to bring your online business idea to life.
So, you are here because you have been thinking of opening an online shop, starting your online consulting business, and or something else that requires you to seek information.
Your head is probably full of questions like: Should I do it? How do I start? Is it a good business idea anyway?
I am here to answer some of your interrogations and guide you into the first steps to bring your online business idea to life.
Let us dive right into it:
1- IS YOUR PRODUCT/SERVICE LEGIT?
So, my first tip is: Are you sure about your product or service?
You need to make sure that your business idea is legit and that you are going to launch a profitable business.
So, if you are not sure about your idea. If you are not sure what you are going to sell to people out there? try to answer these questions:
– What is my knowledge?
– What can I teach to people?
– What can I provide to my target, to my future clients?
So, for example, if you are very good at using social media, maybe you can help other people with their social media!
If you are very good at making Necklaces, maybe it is time to sell some Necklaces.
So, the point is, you need to figure out what are you going to do exactly? Who are you going to help?
The Important thing is to focus on one thing at a time, to bring this idea to life. You have to center your energy around these questions to start a successful online business.
2- WHAT IS YOUR ONLINE BUSINESS STATUS?
So, you need to figure out the status of your business!
How do you want to be seen out there as a business?
Do you want to be a sole proprietor? Meaning that your company is you.
There will be no distinction between you and your company. You are the company.
So, if something happens to your company, it also happens to you, personally.
That is how I started my business. I started as a Sole-Proprietor.
But you can also start as an LLC which is a Limited Liability company.
As an LLC, you are not liable for your business debt.
If you start as an LLC, you and your business are two different entities.
I advise you to do your research and choose what is best for you and your business.
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3- WHAT ARE THE LEGAL REQUIREMENTS IN YOUR STATE?
So, you will have requirements to open your online business.
Legally, what do you have to do to get your online business idea going?
Now, look at any permit, license, tax, and fees you need to get in your state.
In the state of Florida, I did not need to do anything to get my business going as a Sole-Proprietor.
However, as an LLC, you need to register to the state!
4- WHAT PLATFORM ARE YOU GOING TO USE TO SELL YOUR PRODUCT/SERVICES?
Before bringing your business idea to life, you will need to think of where you want to sell your product or service?
So, if you sell a product, you will think of what kind of platform you are going to use, like Etsy, Shopify, or maybe your website.
If you are a service provider, what are you going to do? Are you going to make a landing page?
Are you going to only talk about it on social media?
Or are you going to build an entire website?
I filmed a video on how to start your website from scratch. In case you needed some help with that as well.
Now, you found your “what” and “why”, as well as your “how” and your “where”!
5- MAKE A BUSINESS PLAN
Now, you need to have a big serious business plan!
While making your business plan, ask yourself: what’s going to happen before it happens?
You know exactly what you are going to sell and to who!
And you found out where you are going to sell it. You are aware of your “how” because of all the legal things you had to do to bring this business idea to life.
So, you are ready to go!
Now, let’s answer some more questions like:
– What do you need exactly to sell your product?
– What material do you need?
– What is going to be the expense?
– What is the price of your services/products?
– Why are people going to choose you instead of others?
– What kind of value are you going to bring?
Do you understand what I mean? That is your final touch!
So, make a plan and know what is going to be your marketing strategy.
You have to start looking at what social media platform is the best for you and your business.
6- GET STARTED
YES, get started, just do it! Even if, it’s not perfect, your website is halfway done, and this is not the design you wanted for your brand.
Simply, start, you have to do it now, and don’t be scared to talk about it on social media!
No one cares about the looks, and no one knows if you are completely ready or not.
So, you know what we said: fake it before you make it!
Thank you so much for reading about how to bring your business idea to life.
Before you leave, you might be interested in reading about 5 ways to promote your business on Instagram or 10 Instagram Reels ideas for small businesses.
Until next time,