Adv of online business ?
1. Low Startup Capital
2. Always Open for business!
3. Work Anywhere You Want!
4. Access to Global Market!
5. Cost Saving!
Four Costly Mistakes to Avoid!
1. Spending too much on website!
2. Spending too much on inventory!
3. Implementing marketing techniques blindly (track results)
4. Not doing a proper research!
Types of online business
1. Selling physical products
2. Selling virtual products
3. Selling services (Offer service help)
4. Selling other people's products or services
5. Selling advertisements
How-to achieve online success!
1. Create awareness
2. Educational (Subscribe to mailing list)
3. Validate solution
4. Engage sales
1. Find best sellers
2. Can you add more features or customer service to differentiate.