The world of an online business is vastly different than the rest of the business world. Internet-based companies are often smaller and require less concern about managing real estate and facilities due to their basis in cyber space. Employees and customers may be spread out all around the world, posing unique challenges for managing and delivering first-rate service.
So what does it take to be a success as an online business owner?
Here are some of the characteristics and practices that tend to set those who rise to the top in the difficult world of Internet-based business apart from the rest.
A few years ago, flipping real estate was a huge investment opportunity. If you’re not familiar with the concept of flipping, the idea is to purchase a building, usually a home that is cheap because it has been foreclosed on or needed to be sold quickly. After the home is purchased for a low price, the owner invests money in it to improve it and increase its value, then he or she sells it at a higher price and keeps the difference as profits.
Flipping has now moved beyond the world of real estate to the world of online startups. […]
If you do any kind of reading about marketing at all, you’re going to see tips about using social media as a part of your strategy. There’s a simple reason for that–social media marketing truly is becoming a necessity for businesses across all industries.
Many business owners are reluctant to believe this, though, because they’re stuck on two big myths about social media. If you’ve let either of these two beliefs keep you off of social media, it’s time to make a change and fast if you don’t want to lose out to your competitors:
You want your Internet business to succeed and grow so that one day you can sell the online business at the best valuation possible. The last thing you want is to be making mistakes that are undermining your vision and detracting from your business in subtle ways, but this is very common problem from which many online businesses suffer. Taking some time for careful introspection and knowing what mistakes to look out for can help you to maximize the potential your business has for success and make your company as attractive as possible in the future to those looking […]
To help your online business succeed, you’ve hired talented people to assist you with achieving your goals. How you lead your team will ultimately determine whether or not each individual and the group as a whole reaches their true potential and helps to drive your business. Leading the right way now can help you grow a successful company, so that one day when it comes time to sell the online business you can get the best possible valuation.
Here are five ways that you can motivate and lead your employees, so that everything that they do will help to drive […]
When it comes to selling your online business, timing truly is everything. Not only do you want to plan the sale of your business to coincide with a high point in its performance, but you also want to be certain that the market is conducive to a quick sale. If you have been considering selling your online business, there truly is no better time than the present. As we speed through the final quarter of 2014, conditions are uniquely ideal for making big gains through a sale. Here is a look at some of the reasons why now is […]