New online business - how to proceed

**Shurik** · 11-23-2008 08:01 PM

I am planning to start an online business. I am new to this and would appreciate the steps I need to take to assure success.

Thanks in advance.

**jtaken** · 11-23-2008 08:14 PM

Well, there are 100s of steps.

Ensuring success, there are several factors you want to keep in mind.

Do you have startup capital? 85% of starts fail the first year because of under capitalization.

Do you have a niche, product? Who are your competitors? Who's your target market? Does your target market even use the internet?

I'm sure there are others on here who can come up with more than just this, this only touches the surface. You need to be able to answer AT LEAST the questions I proposed, and have reasonable answers to ensure success.

Good luck however with your business.

**Mega B** · 11-23-2008 08:21 PM

@Shurik so that people can try and help or advice you more what type of business are you looking at starting,what are your hobbies or interest we need a little more input from your end.

**discountedclothing** · 11-24-2008 04:10 AM

Maybe you can tell us a little background of your business so that we can give specific suggestions on how can you proceed with your plan.

**Shurik** · 11-24-2008 09:30 PM

I am thinking of ofering help to people in debt negotiation, loan modifications.

Thanks in advance.

**BC SEO Guy** · 11-24-2008 10:59 PM

learn seo.

**bryanGENE** · 11-25-2008 11:13 AM

yes. search engine optimization is key in a crowded market

**Shurik** · 11-25-2008 09:30 PM

How does traffic translate to revenue? What kind of daily traffic do I need to be able to make 100K/year?

Thanks, Alexander.

**hugh009** · 11-25-2008 10:03 PM

By all means learn SEO and also Web 2 Marketing is a MUST in this day and age. You need an interactive web site as we teach our clients at WOW! Presentation. We are right now upgrading our site to be more interactive.

**llcollins82** · 11-26-2008 11:10 AM

Hi,

This checklist gives a good overview of some common steps to take when starting a business: BizFilings.com/products/articles/business_startup_checklist.asp. I hope it helps!

**terryxu** · 11-28-2008 08:48 PM

learn somthing, thanks a lot

**tom.williams** · 11-28-2008 10:45 PM

you need to make sure that your business is supplying not only a reliable service in debt negotiation/ loan management... but also try and find a niche which your competitiors havent tapped into within this industry sector. Therefore, you can clear up all their business aswel, ensuring future success.

**codysweet02** · 11-30-2008 12:10 PM

Originally Posted by Shurik

How does traffic translate to revenue? What kind of daily traffic do I need to be able to make 100K/year?

Thanks, Alexander.

Not to be an asshole but you appear to have A LOT of homework to do. This is a question that could not possibly be answered. So you are going to help people who are in debt? How? How are you going to charge them? How are you going to get clients? What exactly are they going to pay you to do? Why would they purchase this service?