Building your online business – Boon or bane?

A lot of us wonder – How to start a business online? How to sell online? Is it hard? The good news – To build your business online is no rocket science!

Online businesses are easy avenues to build a customer base and sell products online. Additionally, with fewer overheads and staff requirements, and sometimes without the need for a brick-and-mortar office, online brands have great profit-making potential.

Amongst the umpteen advertising platforms present today, Taglr stands out for more reasons than one. Taglr is an all-encompassing and affordable advertising platform that offers great benefits to online shoppers, retailers and brands alike. Taglr can work wonders for your online business by easing the process of listing your products online and bringing higher visibility to your products. For shoppers, Taglr ameliorates the whole online shopping experience by helping them find relevant products at the most competitive prices, thus empowering them to make informed purchase decisions.

However, for every online business, the dilemma is how to differentiate and position yourself perfectly in order to be successful?

Listed below are 5 tips to help you build and run your online business successfully:

1. Build your digital identity

Once you have your product/service, target market, and selling processes in order, it is time to build your own website. Your website is your digital face, your online storefront. It takes less than 10 seconds to win or lose a site visitor’s attention, so make your website appealing, user-friendly, impactful, and content-rich.

Tips:

  • Use easy, consistent navigation across pages
  • Have compelling, interesting content
  • Explain how your product/service uniquely solves users’ problems/benefits them
  • Promise value, make offers, display testimonials
  • Include opt-in offers to create an email address database – Everyone on your opt-in list (a valuable and targeted asset) is a hot lead, and email marketing is the best tool to reach out/follow up
  • Use graphics/video/audio where they add value
  • Simplify the buying process as much as possible

 

2. Improve your social visibility

Establish your brand name online, create an eye-catching brand colour scheme, logo, and tonality – All of which should typically represent you and resonate with your customers
Check the social media sites your customers frequently use and create a strong brand presence on those sites
Create your LinkedIn profile, keep adding people to your network, post links to all the content you create
Remain up-to-date with all the new social media site enhancements to improve the effectiveness of your marketing efforts
Post insightful and valuable information on online forums to garner the trust of online communities and promote your product/service better

3. Bump up your social media following

When people look up your company, they will check your social media presence/following. More your followers, greater the chance that you will be taken seriously.

An excellent technique to bring traffic to your website and build your social media following is to network with influencers involved with your target customer base. Pick 4-5 influencers, actively engage with their content, ask them to post about your brand, and you will soon visible on the influencers’ and their followers’ radar. This enhanced visibility will drive more visitors to your site and get you a larger following. Also, while sharing/posting on social media and interacting with followers, be consistent.

4. Eliminate payment hassles

When you are looking to start an online store, you could take cues from the plethora of e-commerce tools available today.

Once you create your Shopify store, you are automatically set up to accept all major cards, without hassles of setting up third-party payment providers/merchant accounts and repeatedly entering credentials into Shopify. In addition to PayPal, customers can pay on Shopify with Mastercard, Visa, Amex or other credit cards.

GetMeAShop supports net banking, debit and credit cards, and cash on delivery (according to the nature of your business). The platform has tie-ups with payment gateways like PayU, PayUMoney, Paypal, and PayZippy. GetMeAShop also allows payments to be accepted in different currencies and does equivalent conversions too.
PayPal is a free service for buyers to pay for an online purchase or send money to someone. The supported payment methods are PayPal balance, Instant transfer, eCheck, and credit card.

 

5. Track, analyse, repeat

It is vital to constantly test and review what you are doing and understand where you are possibly going wrong. Ask yourself – What is your best-selling product/service, how to introduce similar products/services with a unique twist, which social network gets you maximum referrals, which posts have been most popular and how can you create more like them, how can you leverage your online strengths and eliminate the weakness?

 

Summing up

The online world may evolve at lightning speed, but the fundamentals of building and growing a successful online business remain more or less constant, with just some minor tweaks needed. Establishing a smashing online business is no mean feat, but perseverance, meticulous planning and giving thought to the aforementioned tips can definitely help you get there.

References:

How to Start a Business Online

8 Steps to Creating a Successful Online Business

How to Build an Online Business

4 Steps to Starting an Online Business

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