HOW TO START YOUR OWN ONLINE BUSINESS - Hinal Shah

 If you are new to games, there are many difficulties into creating an online business 

 Sometimes you don't know where to start. Don't worry, we've got you covered. Let's check out how to start an online business 

1) Conduct market research 

 Market research will tell you if there is a way to implement your idea for a successful business. It helps you find customers for your business. Collect information about demand from market research and answer questions about market size, economic indicators, locations, market saturation and pricing. This helps to understand the market better

 2) Plan your business 

 There is no right or wrong way to write a business plan. It is important that your plan is carried out. Plan sales channels, digital platforms, payment methods, and other logical strategies in progress. 

3) Identify the initial cost 

 The most common upfront costs include office  equipment and supplies, utilities, licenses and permits, insurance, inventory, advertising and marketing, market research, printing marketing materials, website construction, etc. Once you have decided on your costs, make a list of your monthly costs and annual expenses to organize finances  

 4) Build a brand 

 Branding helps to stand out from other markets. Therefore, it is important to clarify about the brand you want to build. There are some important branding design elements you need. 

 Logos, brand color palettes, websites, business cards, attractive packages 

 5) Create a website 

 Your website is arguably the most important element of your brand identity. It's a place  

 Customers know your brand, explore your products and services, and finally 

 Decide if you are the brand they want to trade. Be sure to make UX / UI easy-to-use and attractive interface for customers 

 6) Develop a marketing strategy 

 Now is the time to bring your product to market. Promote your product as much as possible 

 you can. Social media promotions, influencer promotions, and as many other ways as possible. 

 Promote your brand. Yes, this costs a lot, but  in the end it's worth it.

Email marketing is another option. People check their emails on a regular basis. So customer inboxes are a great way to increase business awareness and breakthrough results. 

 Build strong business relationships and ultimately increase sales. If you are not a competitor, but another company that is a competitor in your area has a similar audience – you can also explore partnership opportunities. For example, you can offer a special offer to your customers 

 Offer discounts on your products or write guest posts on their blog. Marketing is about getting to know your business. 

 The more customers you can reach, the higher your online success rate business will be. 

 Now that you know how to start your own online business, let's get started!