FAq's
What Is An Online Business?
An Online Business is any business that is transacted online. This means that the business is advertised online, the products are sold online, the payment is processed online, and the products are delivered online especially if they are digital products such as reports, eBooks, learning materials, online training or videos. Even if you deal with physical products; the customer provides an address to ship to all they can collect in store.
How do I start an Online Business?
An Online Business is relatively easy to start compared to a brick-and-mortar business. You need to come up with a business idea. Once you have decided on what you what do. You need to package your idea and come up with a plan for implementing it. You will need to check what legal paperwork is required in your country and comply. You will need a domain name, a website and a hosting account to begin with.
What do I need in order to start an Online Business?
There are five Basic tools that you need in order to start online
- A Domain Name
- A website (it can be one page or a collection of pages depending on your business)
- A hosting Account
- A payment Gateway/processor
- An auto responder
Who can start an Online Business?
Anyone can start an Online Business regardless of your age, education, gender or even geographical location. All you need is an idea that can work and if you have some knowhow, that is a bonus.
It expensive to start an Online Business?
There are some businesses that do not require stock. Most digital products like eBooks, Music, reports, courses, instruction videos, coaching, consulting, marketing, web design, virtual assistant, social media marketing. However, you will need to ensure that your prospective customers can be able to reach you and you will need communicate with them promptly. You will need a domain name a webpage and a hosting. This will cost less than 100 bucks a year if you already have access to a gadget that you can access the internet on an also have Wi-Fi.
Is an Online Business better than a traditional business?
The web has grown in leaps and bumps since it was invented, and the future of all businesses is on the web irrespective of whether they sell physical or digital products. The are many advantages to having an online line presence
With an Online Business you can:
- Reach customers from all over the world
- It runs 24/7, so no need to keep an eye all the time as in a traditional business
- It is easy to start especially with digital products
- No need for a physical premise
- You can work from anywhere
- You do not have to quit your day job
- You receive payment online directly to your bank or PayPal account and therefore you do not have to deal with currencies from different countries
- Once set up, it runs 24/7
- You do not need to know the complicated web language (HTML)
What Sort of Online Business should I start?
This is a question that anyone who wants to start an Online Business asks themselves. This can be mind boggling and even stop you in your tracks. A lot of people do not believe that they possess any skill.
Most business advisers or consultants will ask you to start a business around your hobbies or what you know how to do best. Whether you realize or not, you possess so many skills that you can use to create some income for yourself.
A quick way of doing this is to have a quick skills audit. You can start by listing everything you know how to do and then pick up a few. Read More
Where Can I get information on How to start an Online Business?
The are many products out there offering training, coaching and mentoring. We at Caffluence Solutions do offer these services. We offer a detailed training, and we start with you at your level and hold your hand until you succeed. For more information on how to start an Online Business, please visit our website www.caffluence.com