Today we will be giving you the best article on how you can start up an online Business
Top 5 Steps To Starting Your Online Business In Nigeria
It probably must have been one great thing on your mind to do this year, starting a business but you are more specific about it being online rather than offline like our everyday businesses. You definitely are not alone on this, as others are also thinking of having their own online business this year 2020.
Again you probably must be wondering of how to go about starting your very own online business, you haven’t been into this space before but would like to take your business online as other businesses you see around you. Worry less, as this post contains top 5 steps you need take to get closer to your dream of having a successful business online.
You don’t have to break the bank just to get you online business started, most people are scared of starting a business online cause of high capital. Contrary to what people thinks, if you know exactly what you want, you’d save your money and start your online business with ease.
1. GET STARTED WITH A NICHE
Starting an online business isn’t just about social media buying and selling, you need to sit down and find a niche. Find one particular product or service and offer that. It is always better to be focused and known for one line of business than trying to be a jack of all trade, cause you will end up being master of none in particular.
Therefore, before anything else, you number focus should be on your niche. What particular thing do you want people to know you for. Do a lot of research about that particular niche you are interested in. Also, make sure you have a comparative advantage over your competitors in that particular niche.
2. GET YOUR BUSINESS REGISTERED
There are many ways this can be done, you can get your business registered both online and offline. If you get it registered online, you can just simply get a website or blog for your business. All you need to do is to get a good hosting and domain for a hosting company online and get your business a website. By having your website on Google you are building credibility with your customers as some will surely search for your business on Google.
Another way, is getting your business registered offline. This vary on the type of business you are offering tho. If your business need an office for physical transaction; Then, get it registered by corporate organization in Nigeria or your country who are in charge of such duties. It advisable if you are going for both registration that is both online and offline. You should get the offline registration done first before the website.
3. USE SOCIAL MEDIA
Social media as you have known is where most of your customers or client might be. You must do all you can to get your business in their face. Yes, their face. No business can succeed in obscurity, therefore go social. You need to have social media branch for your business, and keep the name the same across all. It improves your credibility as people are sure you are legit and want to do business with you.
On getting your social media account set up, do well to make sure this platform have huge uses engagement. It no much use getting millions of followers without getting engagement. Get more subscribers or followers and increase your engagement. Your customers will build more trust in you and that good for business.
4. NETWORK AND PARTNER WITH OTHER PEOPLE
As the saying often goes, no man is truly an island. You need to attend events organised both in your niche and outside your niche. Attend this events and build your network system. Add value to people at this event, it might just be the connection to your bigger deal or client.
Partnership isn’t bad idea also, do well to partner with people both in and outside your niche, partner with influencers also and tap from their audience. You can send message to people in your niche and ask for partnership on a particular promo you feel can’t be done alone. You’d be surprised by how effective you campaign will be and how much leads you’ve generated from such partnership.
5. KNOW YOUR STRATEGY
At this point you should be able to know what works and what do not work for you. You should know what brings in sales or what convert your leads into buying your goods or service as the case may be. You have at this point become experienced and know Things.
An extra step worth mentioning is getting a good payment system for your business, you don’t want to be scammed or left begging for your money. Since you won’t be collecting physical cash, make sure your payment system in on point. Collect those systems especially if you will be receiving payment from abroad. You will need foreign account payment systems like payoneer or PayPal.
This list is just limited to only 5 tips but do take your time to read other articles on this blog. Do so to get more tips or steps on how to start any business both online or offline. Go over the steps listed above and take decisive steps to starting your own online business in 2020.
Starting a business can be a herculean task especially one online, where almost everybody are flooding to everyday. The competition is getting more intense and interesting, hence why you need to stay abreast with latest development in the online world to keep your business updated and afloat or you get kicked out by some new company or business.
There you have it, Top 5 Steps To Starting Your Online Business In Nigeria. Let me know in the comment box below what niche you want to venture and see if I have any advice for you. Please don’t forget to share this article with your friends and families.
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