Are you planning to start an online business? You are not alone, many people do. However, most potential online entrepreneurs are overwhelmed by huge amounts of information, negative energy, and research.
Do you know you can build an online business from scratch in 30 days? Well, you can. Starting from day 1 to day 30, you can plan out what should be done each day.
This is the proven plan to follow to build your online business in a month.
Find an Idea – Day 1 to 3
You need a pen, notebook and your computer for this task. Start by writing down the resources and skills you have and where you can get some education.
At this stage, there are no wrong answers. However, you should choose the best that seems great for you.
Remember every business has its associated risks. What are these risks? Write down potential risk factors.
It is advisable to think about how you can turn your passion into a money-making opportunity. Do you have the knowledge you can share with others?
Think of a problem many people face and how you can offer solutions. If you can offer solutions and generate income, you have got an idea.
Validate Your Idea – Day 4 to 6
If you are not sure how to validate a business idea, you can use the free business idea validation checklist available online. Validating an idea does not have to be resource-intensive and time-consuming. Rather, you can keep it simple.
Remember the role of a business is to solve a problem. You should not overthink this – understand the problem and offer customer service or product at a fee.
You should also pay attention to the target market. Analyze the characteristics of your target market. In this case, you should do some minimal market research to estimate the number of customers you are targeting.
Analyze the Numbers – Day 7 to 9
There is a need to do financial feasibility for your business. The process is simple and straightforward. You need to have a financial picture of your business.
From your market research data, you can develop a sales forecast. Also, you need to estimate the startup costs. For instance, how much will you pay for content, website design, and marketing?
You need to create a spreadsheet of monthly costs. Brainstorm on how to reduce these expenses without negatively affecting your business.
Seek Funding – Day 10 to 12
After determining the amount of money you need to start your business, you should seek funding. Look at the different funding options available to you.
It is advisable to start with your own available funds. You can also contact local banks to fund your business.
If funding is limited, you can start low-cost online businesses, such as blogging and affiliate marketing. Such businesses are low-risk and low-cost.
Create a Business Plan – Day 13 to 15
You need to write your business plan. Studies have shown that businesses with a plan grow faster. Also, if you need funding from a lender, a business plan is a requirement.
There are many templates online that you can use to write your business plan.
If you are entering into a partnership, you need to include their details and roles in the business plan. Also, if you will hire employees to help you manage the business, make sure you include their compensation and roles in the plan.
Develop Your Website – Day 16 to 18
You need to create your website. Depending on the content management system, it might take you a few days to complete.
Make sure your website is easy to navigate and responsive. Sometimes you might need to hire a website designer to help you.
Create Content and Optimize It – Day 19 to 21
Content is the product you offer to website visitors. Make sure you have a content plan in place. Start creating content based on your target keywords.
Content includes articles, infographics, videos, and images. If your online business needs massive amounts of content, consider hiring freelancers to help you.
Build Social Media Presence – Day 22 to 24
Nearly every business has a social media presence. You also need to claim your social media spot for your business.
For the start, you should focus on three main social media networks: Facebook, Twitter, and LinkedIn. Depending on the nature of the business, you should consider also marketing on Pinterest and Instagram.
Track Your Goals – Day 25 to 27
Remember you have objectives you want to accomplish with your online business. It is time you put in place measures to track your goals.
There are many analytical tools that can help you accomplish this.
Plan Ahead – Day 28 to 30
There is a need to have a future plan for your online business. Make sure you review your past performance to inform you what you need to do in the future.
As your business keeps growing, you might need to make adjustments to your business model and operations.