Lesson:3 your business plan

Lesson 3: Your Business Plan


Have you decided about your online venture? Do you have a product to sell?
Or do you have an idea or a source for your product? Did you say no? Then
please go back and read the previous chapters again. Come back along with a
clear picture of your online business and the product (or at least an idea) to sell.
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This is not an academic education that you learn to nourish your knowledge.
The purpose of this course is, to help you earn money by exposing the techniques
step-by-step. In our experience it will not bring you desired results, if you do not
complete the initial steps before you proceed further.

As you learn the rest of this course you need to mentally relate your future
business and the product to the ideas and techniques that will be explained in the
coming chapters. It is even better if you set a time bound target, so that the
moment you complete this course you can swing into action.

Before we proceed further you should know something very important. Though
many methods of online businesses are taught here, a website is very important
for the growth of your internet business. Most of you already know the reason.
Selling from your website is like selling from a shop (a business owner) and selling
by other means online is like selling on the footpath or selling door-to-door (a
salesman). There is nothing wrong in any of the above methods. You decide which
one you want to be.

It is also important that you should start working on your budget right now,
preferably in two parts. First one is for preliminary works to setup your business.
The second part is to run the business until you start getting returns. By the time
you finish this course you must have your budget ready. We will talk more about
your business plan and the budget in the last chapter.



So you got the overall picture of your business and the product. When you
learn more, you can keep changing or modifying your basic idea that you already
have now. Lets move to the next step.