The Perils Of Starting A New Website
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
The Challenges of Launching a New Website
Starting a new website can be daunting, as I recently discussed with someone interested in my online ventures. Many people have great online business ideas but often struggle with where to begin due to a lack of research skills. Breaking down the process into clear phases can help filter viable ideas from the rest. Here's my approach:
Idea Phase
When an intriguing idea strikes, the first step is transforming it into an online presence. This involves identifying how to source or manufacture the product. Initially, I create a basic budget to assess if there's a potential profit margin of at least 20-25%. This budget typically includes:
- Initial stock for a trial run
- Website domain setup
- Basic website optimization plan
- Preliminary marketing strategy
Setup Phase
If the initial numbers are promising, I move to the test phase. Here, the focus is on building a sample system rather than perfecting pricing details. Creating and refining this system is crucial. If the system fails or requires too much time, it's easy to abandon the idea at this stage.
Marketing Phase
Next, the goal is to carve out a niche or generate demand for testing purposes. Employing unique marketing angles, including platforms like eBay, can be effective. This phase also involves exploring ways to enhance the system by securing better prices and suppliers.
By structuring the process in these phases, it becomes easier to develop and refine business ideas, increasing the chances of success online.
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