Photo by Kari Shea on Unsplash

When it comes to running an online business it can be hard to get started, especially if you have never had any experience before. Whether you’re starting an online store or you’re going to be offering services online, you need to be sure you have a strong plan in place to start your business off with a bang. Whilst it may seem impossible, there are lots of tips and tricks you can take into consideration to give you a head start. With that in mind, here are the top ten tips for running an online business:

  • Make Sure You Have A Business Plan In Place

One of the most important things you can do when you’re starting your own business is to make sure you have a strong business plan in place. Whether you’ve put it together yourself or asked for assistance from a business advisor, your plan should detail everything you need to know about your business for at least the next five years. It should include your missions and values, your goals and the methods you’re going to use to achieve your success. For a guide to creating your own business plan, you can visit this site here.

  • Regularly Set Yourself Goals And Targets

Another important aspect of starting an online business is ensuring you are setting yourself goals and targets regularly. Whether this is weekly targets for your sales or yearly targets for your overall growth, having goals in place is the best way to ensure you are motivated enough to succeed. If you are setting goals, especially large ones, you may also want to consider noting down all of the steps you need to take in order to achieve them.

  • Think About Your Five-Year Plan

As well as setting weekly, monthly and yearly goals, you also need to be thinking about your five-year plan. This means thinking about what it is you would like to have achieved by the time your business hits the five-year mark. This will be a much more detailed plan to your standard goals, as it will include all of the milestones and steps you need to reach in order to reach your goal. You will need to plan it out carefully, ensuring you know exactly what it is you’re meant to be doing and when.

  • Consider How You’re Going To Use Social Media To Grow Your Business

For those running online businesses, social media is a great tool. There are so many different things you can to promote your business online, but building a social media following is one of the most effective, especially now that a large proportion of the world’s population uses at least one social media platform. Although it may take some time to put together a strong social media strategy, this is essential if you want to reach your goals. For tips and tricks when it comes to creating a social media strategy, you can visit this site here.

  • Think About Using Video To Encourage Your Brand To Go Viral

If you are going to be using social media to grow your business, you may want to think about using video to encourage your brand to go viral. As one of the most viewed forms of media on the internet, video is definitely something you need to get behind. Whether it’s doing and Instagram live or creating a video for people to share on Facebook, the more videos you’re posting the better.

  • Decide Whether Or Not You Need To Hire A Virtual Team

If you are going to have a virtual business, does that mean you need to hire a virtual team too? As your business starts to grow you may find that you need to bring people in to help you and as you don’t have an office, ensuring they can work virtually is essential. Whether it’s hiring a VA or outsourcing your social media work, building a team is a great step to take.

  • Consider A Virtual HQ For Professionalism

If you want to give a little bit of credibility to your business when people are searching online, you may want to consider having a virtual HQ. Not only will this mean you have a virtual address for your mail to be forwarded to, but it means you will be able to use this address throughout your business communications. For more information about a virtual HQ, you can visit this site here.

  • Think About How You’re Going To Accept Payments

As you’re going to be operating online, you need to work out how you’re going to accept payments. Whether it’s using PayPal, accepting card payments or invoicing your clients at the end of the month, having this clear in your mind before you start will be really beneficial.

  • Create An Email Marketing Strategy To Reach Potential Customers

A great way to push your brand as you’re just starting out is to build an email list. Whether you start building it by running a competition, asking people to sign up on your website or offering something free in return – the more people on your list the better. Once you have a solid email list, you can start sending out promotions, deals, and exclusive one-off offers.

  • Seek Advice From Industry Leaders And Professionals

Finally, if you’re looking for a little extra guidance, you may want to consider following industry leaders and professionals on social media. Not only will they be able to tell you how they achieved their success, but you’ll learn daily tips and advice from them as you follow along with their journey. It may take some time to find the right people to follow, but searching popular hashtags within your industry is a good place to start. Other than that, Googling a list of influential people may also be beneficial.

Are you running your own online business? What can you do to ensure it is as successful as it can be? Let me know in the comments section below.

 

Contributing Author