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Web Business Plan

Do you already have your business plan? For both the traditional company and the online company, it is essential.

If you are an SME or are thinking of being one, you should know that your business plan is essential to direct your project and avoid possible scares before starting anything. If your SME is also a web company, you will also be thinking about graphic design, what strategy you will carry out in Social Media, SEO web positioning, SEM etc. But … Did you know that all these decisions must be included in the web marketing plan and, in turn, in the business plan?

Web Business Plan Business Definition

To start with your business plan, something fundamental is the name of the project, what it consists of, products or services offered that needs to be satisfied, target audience, dates, business model, etc. In both a web company and a traditional one, it consists of explaining what your project is.

Analysis of the situation: Internal and external analysis

This point is essential, if you do not analyze your environment, do not expect things to turn out as you expect. As for the internal analysis is about studying in what situation we are starting from our resources, capacities, threats, opportunities, strengths and weaknesses (SWOT analysis). The external analysis consists of analyzing the market and the competition (web market and web competition in the case of the digital sector).

Web Business Plan Marketing plan

In this area, the 4P’s of the traditional Marketing Mix has constantly remained developed. However, in the case of SMEs belonging to the digital sector this plan goes much further. This is where we should consider what we mentioned at the beginning: SEO? SEM? Social networks? Content marketing? In short, your  Online Marketing plan.

In the first place, we must consider the target or audience to which we are going to address, what objectives we have and, based on these, what online marketing strategies we will carry out, since not necessarily because we have a web business, we will have to implement all the strategies of (for example) search engine optimization, everything will depend on the sector to which the company belongs and its purpose.

Production / Operations Plan

This phase consists of a detailed description of the development and strategies of the production process (also applicable to service companies). In the case of web companies, the Web Development Plan is how the site will remain created.

Web Business Plan Organization and Human Resources Plan

It is summarized in the organizational structure and human resource planning: organization chart, salaries, positions, employees and functions, working conditions, etc.

Web Business Plan Fiscal Legal Plan

It is about defining the company’s legal form, necessary administrative procedures, legal aspects to take into account. And everything necessary to start the company in administrative aspects.

Economic – Financial Plan

Without a doubt one of the most important. It is based on developing the investment and financing plan, preparing a demand forecast, treasury forecast, etc.

Feasibility Study and Contingency Plan

In this phase, it will be necessary to include the forecast of the income statement. The business continuity plan, risk forecast or recovery plans in case of adverse situations. In the case of a web company, this plan is essential. It must remain adapted to the main risks of an online business. Server crashes, serious tracking errors, malfunctions, unwanted web positioning, etc.

With all this information you can start creating your business plan to create a new company. And remember that they are the bases on which the future or failure of your company will be built.

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You’ve certainly gone to a web page’s Contact Us section and noticed that salespeople or employees have email accounts having their usernames + gmail.com many times. The ordinary individual will question if that’s their actual personal email account, regardless if it isn’t the most crucial measure of a company’s quality. Companies with foresight will see the value of having something more professional.

Why not take advantage of your hosting account’s free domain email, for example? Using email addresses such as username@yourdomainname.com will compared to utilizing a personal email address appear significantly more professional. The bottom line is that if you’ve paid for a domain, you should at the very least purchase it from a domain registrar that provides email forwarding for their accounts. You can also use the cpanel given by your hosting company to create a domain email address; they’ll also give you at least one free email address.

The Issue with Leaning on Others’ Platforms

The massive six-hour outage of all Facebook-based programs, which occurred at the beginning of October 2021, can be claimed to have had both major and secondary impacts. While the primary ones were expressed in concrete figures in the form of direct financial damage to the company and its customers, indirect ones were more difficult to quantify. One of them was that, with the demise of the Facebook platform, the whole business, marketing, and sales platform of those tiny and micro-businesses that rely on it as their sole (or dominating) digital business-sales area also descended.

This incident posed another question to the business community: can business owners equally be overwhelmed by the strategic decision to entrust their correspondences by e-mail to platforms that aren’t under their control?

The Domain Name Also Determines the E-mail Address

One of the major steps toward developing a modern brand and digital presence, in general, has already been mentioned: selecting the right domain extension and domain name. A well-designed and well-located corporate website is a critical component of modern business from which everything begins and over which its owner has complete and irrefutable authority. Trust is an asset that’s exceedingly uncommon and sought after in the online environment, and a well-designed and realized web presence generates trust and improves the relationship between the site owner (and the brand behind it) and its users.

The online identity of the company is embodied in the name of the Internet domain, which defines not only the address of the website but also the e-mail address. While the link between the domain name and the website’s web address is more well-known and discussed, e-mail is usually considered only when something goes wrong, which is a big mistake, given the importance of this service in digital business.

Reliable Service for Modern Business

Although it’s a technology that’s decades old, e-mail hasn’t lost its significance over time. On the contrary, it’s a cheap, fast, efficient, accessible, and widely used medium that, among other things, acquires new customers and users, informs the community about information relevant to the brand (mailing lists), and is a means of converting potential customers into concrete ones.

Giving up email as a marketing and sales channel, therefore, would by no means be a wise move. However, you should pay attention to the basic rules of its proper use, of which the most important is to avoid using all domain names that aren’t under your control and which can cause mistrust of recipients and other problems related to the security and integrity of message content.

We now delve deeper into the allegations made at the start of the article: one example is the usage of e-mail addresses obtained from one of the free/public, generic services for these purposes (Yahoo, Hotmail, Gmail, etc.). It may appear, especially for small firms, that relying naively and entirely on such platforms is a good idea because the corporations behind them also offer a variety of additional services that are tightly integrated with one another and with email. When we consider that the integration (convergence) was carried out with Android, the most popular mobile operating system, the choice of one @gmail address is, at first glance, completely straight-thinking. In actuality, though, things are very different.

Challenges and Risks of Using Public Email Services

The technical ease of sending mass e-mails from the Gmail platform carries with it significant challenges and risks:

Selection of the Sender’s Username

It’s extremely possible that the intended sender (e-mail account user) name is already taken in the case of rudimentary and free use of the Gmail service or similar generic service. This practically means that you can forget freely choosing the domain extension (it will always be @gmail.com), but also you can forget completely freely choosing the primary part of the email address (username).

Most likely result in addresses like dentalpracticejohnson1@gmail.com, dentalpracticejohnson 2@gmail.com, etc., which, you’ll admit, don’t seem well visually either are outcomes of your attempts to create many e-mail accounts, so you’ll have to be inventive…

Entrusting the Contact List to Someone Else’s Platform

Employing the Gmail provider requires laying out sensitive information with a third party, putting the service’s privacy, security, and integrity at risk. Unlike his, using third-party, i.e. email marketing services that include mailing list management and campaign creation, such as Benchmark, is quite all right.

Events Beyond Your Control

Although Google claims that its email service is available over 99% of the time, cases of system crashes, its unavailability, and emails that never reached the recipient aren’t uncommon and as a user, you have no influence on that.

You’re only one of the users on the platform and as such you depend on their professionalism and goodwill.

Issues Regarding Security

Hackers target public e-mail systems in particular because they can take control of a large number of accounts in one fell swoop and obtain access to a big amount of sensitive information stored in those accounts.

Data Privacy Issues

Despite the fact that each of these platforms has its own range of user agreements, monitoring mechanisms for protecting the privacy of supplied information and data play a special role, many of them haven’t proven to be special ‘champions’ in this area in recent years, and an additional level of caution in this regard is justified.

Recipient Trust – A Key Issue in Email Communication

The key point about choosing how to address your followers and clients via email is the issue of trust. Digital business experts point out that a domain name (and therefore email addresses) tailored to branding needs enhances credibility, builds a professional image, and positively impacts the overall brand. If, for example, you’re opening a dental practice, there’s a good chance that recipients would rather open an email from dr.john.johnson@dentalpracticejohnson.uk than dentalpracticejohnson1@yahoo.com.

Even though respectable entrepreneurs can use either address, a recent survey found that 79% of email users trust emails sent from a business address that includes the corporation’s domain name. The mentioned survey also pointed out that 72% of the respondents are more inclined to react to a mail from a branded business e-mail address than to one sent from a generic platform.

If the entire email service is under your direct control, you can easily develop marketing strategies and actions that include cross-branding – the contact email address on the brochure or flyer is in itself for promotion purposes, and in the case of using a public Internet service, it’s realistic to promote this service more than your firm.

When selecting a domain name, extra consideration should be given to the entire business segment that depends on email communication. In addition to standing the test of time and being used more than ever before, the thoughtful use of email will also serve as a method for building your web presence and the online identity of your business.

Do you have a brilliant business idea with no money to implement it or scale it? If yes, you aren’t alone. For many entrepreneurs, getting funding is a significant challenge. If you’re struggling to get financing for your startup, a startup business loan can come in handy.

But what exactly is a startup business loan, and is it suitable for you? In this post, we’ll explore the pros and cons of startup business loans so that you can determine whether they’re right for your business.

What Is a Startup Business Loan?

A startup business loan is a business loan that can help you launch your business. It can help you finance the initial costs to start your business and go towards things like equipment, inventory, supplies, working capital, and office space.

Pros and Cons of Startup Business Loans

While a startup business loan can help you get your business off the ground, it may not be viable for you. Here are some pros and cons to bear in mind when considering whether to get a startup business loan.

Pros

You’ll Acquire Funds to Launch Your Business

Starting a startup often comes at a hefty cost. A startup business loan can provide you with the working capital required to launch your business. It can prove particularly useful if your business needs a huge initial investment to purchase specialized equipment or develop a unique product that’s capital intensive.

You’ll Maintain Control Over Your Business

If you’ve been thinking about approaching investors to obtain funding, applying for a startup loan may be a better alternative. When you launch your business using a startup business loan, you won’t have to give up any equity in your company. That means you’ll retain complete business ownership. If you’re not ready to cede power or equity to investors, a startup business loan may be right for you.

You Can Build Business Credit

As your business expands, you’ll need an influx of cash to expand your operations, hire more employees, purchase more inventory, and more. When you use a startup loan to fund these activities and settle the loan on time, you can improve your business credit score.

A good credit score is integral to the growth of your business. With a good credit history, you’ll be more likely to get approved for higher loans with favorable terms.

Cons

Obtaining Funding Can Prove Difficult

Getting a startup business loan isn’t easy. Many lenders may be reluctant to provide you with funding unless you have an excellent personal credit score and an established business.

You’ll Have Less Cash to Plough Back

You’ll eventually need to settle the startup loan. As you repay the loan, you’ll be left with little cash to reinvest back into the business. This can hamper your startup’s growth, especially in its early days.

Your Personal Credit Score Could Be Affected

A startup loan won’t protect your personal funds. In case you default on the loan, the lender can come after your personal finances. This can ruin your credit score.

A startup loan can be an excellent way to get your business off the ground and take it to the next level. If you’ve weighed the pros and cons and decided that a startup loan is suitable for you, according to Lantern by SoFi, here are the documents you’ll require when applying for the loan:

• Bank statements
• Tax returns
• Revenue statements
• Business legal documents
• Personal identification documents
• Business plan
• Accounts receivable and payable

While the procedure on how to apply for a business loan varies from lender to lender, these are the documents most lenders will require. According to the experts at Lantern by SoFi, “Once you’ve done it, expect to wait between 24 hours and six months. It all depends on the loan type you chose. While the long wait for an SBA loan may seem like a deterrent, some feel that the generous terms and low-interest rates for small business owners with a good credit history make this one worth the wait.”

A strong make is one of the most valuable assets for businesses of all sizes and in all industries. To guide marketing strategy, improve brand positioning and control the perceived quality of a brand image, effective brand management is essential.

Your product is more than your product or service. You have a reach and a personality that takes your core business values and uses them to build relationships.

It is your brand image that sets you apart from your competition. This means that it is essential that you can use strategic brand management to create a better performing brand and a better business model that enjoys immediate brand recognition. But what is brand management and how are you using it in your target market?

What is Brand Management? Basic Concepts

Effective brand management offers an increase in the perceived value of your product or service. It is a way of including the product or service in the general perception of the value of your business. Brand faithfulness is one of the most useful goals to target in business, and more strategic brand management will mean that you will develop a brand association with whatever you sell. Today’s consumers have many options when it comes to purchasing a product or service. And that means you need to take control over how they perceive your business. When purchase options can happen quickly, brand awareness and brand loyalty can make the difference between a sale and losing out to the competition.

Managing A Brand In A Target Market

There are three chief issues to consider when it comes to implementing a strategic brand use a management tool system. These can often be difficult to develop and manage. Which is why it is increasingly common to use an established and experienced brand agency to develop a brand identity or to guide a brand strategy. The three factors to consider are:

• The brand : this will mean the full development of a brand identity, with established brand guidelines and a clear mission statement for your brand.
• The target market : You will need to establish a good relationship with your target market. If you don’t, the result will be a lower sales figure. A lower likelihood of customer retention, and growth that slows or stops altogether. Customer research is vital.
• Business Goals : From more sales to taking over your industry’s voice engagement, the goals you’ve prioritized will significantly facilitate a more strategic brand management process.

What Is Brand Organization Used for?

Brand organization often feels like something intangible to those with little experience in it. While a company’s assets, such as products, technology, and employees. Are decidedly tangible, a ‘brand’ can seem out of reach and difficult to define. That’s where your brand guidelines come into play. They are a critical component of real brand management because they will ensure that everyone on your team has no doubts about the basics of branding. From the tone of voice to use online. The logos used, to the color palettes that represent your brand’s personality, consistency is key.That’s where brand management comes in. Effective brand management means aligning all of those assets into a seamless experience for a target market. Your employees, and your suppliers.

What is Brand Management: Best Practices

Digital assets can be incredibly difficult to control. Documents can be scattered throughout an organization at various stages of development. Outdated forms and marketing materials can still be used in physical stores. There is a reason why brands without effective brand management tend to be slower and more chaotic. Effective brand organization means taking the following steps:

• Brand audit : this will mean developing an understanding of all marketing assets, understanding the business needs, its objectives, and the existing touch points for the target market. The objective of the audit will be to identify inconsistencies and misalignment. A strong brand audit will measure the value and worth of the brand and develop a benchmark position of the brand.
• Brand guidelines : The next step is to establish a brand guidelines document. This will make even an already strong brand even stronger. The goal of the guidelines will be to create consistency across the business so that the finance team doesn’t send invoices with outdated logos or the marketing team doesn’t use decade-old brochures. The brand guidelines will be a mission statement that will guide the growth of the brand and help improve brand awareness.
• Employee training – Once the brand guidelines document is complete, all team members should have access to it. Even freelancers working remotely should be able to read a copy of your brand guidelines to make it easier for them to avoid mistakes. It only takes one team member to alter a client’s brand, so internal alignment is vital.

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