Do you have a passion for fishing or cooking? Or you are one of those persons that like to stay in front of the computer all day long? Business ideas can be found on the streets, on the internet, by talking with friends or simply by watching TV. However, wouldn’t you feel better if you were able to find something alone? If you have a brilliant idea in a moment of inspiration, something new that has never been done before, the best thing to do is to go for it.
Online ideas: pros and cons
Any online idea starts with a website. You can make it free, but it is advisable to find some specialists. This will cost up to 200-1000$, depending on the complexity of the website. Then, you will need to promote the idea, to write the article and to sell your products, services and ideas. An investment in an online website is covered by profits in a relatively short time, if it is covered, and there is a big IF here…
A website can work or not. We have many examples of huge internet investments that failed. You might do everything perfect, from the design of the website to SEO and functionalities and it just…doesn’t work. This is the biggest trap of online businesses, and the reason why any online entrepreneur needs a backup plan.
Offline ideas: pros and cons
A good business idea such as a store or a service provider has chances of succeeding if you have a good business plan. You will be “there”, seeing your business growing, and being happy about it. Sure, there are chances to fail, but those are smaller compared with the ones of failing in the online world.
On the other hand, the costs are higher. You can’t start a retail store without an initial capital of 10 000$-20 000$. A bank might approve you a loan for this, and the simple fact that they are willing to give you the money means that you have the perquisites to succeed.
General business ideas offline and online
While there are differences between online and offline initiatives, the basic principles of running a business are the same:
1. Project a serious business plan and update it often. It is impossible to follow it exactly from the start to the end, as many problems will appear on the way, but the main directions must be followed.
2. Choose a location. For online businesses, this must be a domain, and for a land-based business, it is a warehouse, a commercial space or an office.
3. Find the providers. You will need clothes to sell, or visitors on a website. In both cases, you will need to find companies from where you can buy cheap, to sell expensive later.
4. Start selling. Well, this is the goal of every enterprise, right. Whether we are talking about AdSense space or shoes, your capacity to sell will make the difference. From here, we can only wish you luck and inspiration!
5. A good software should be used for maintaining the records of your clients, for you small business, you should consdier using a small business CRM software.
