In its early years, the Internet was the great leveler of businesses. Anybody could jump online, start a business and hope to make a little money. Today, it’s not so easy as it was, but unfortunately people still have that same mindset. It doesn’t take a lot of money to start a successful business online, but it still does take a plan. And that’s where many online businesses go wrong.
I talk to many website owners who are unable to put to words what it is that distinguishes them from their competitors. They don’t know what makes them unique or have a reason why someone should buy from them rather than somebody else. This is a shame.
Running a business online is really no different than anywhere else. Just because it’s easier to “build your store” doesn’t mean that you’ll be successful. You still need to create a solid business plan and develop a Unique Value Proposition (UVP) if you really want to succeed online. In fact, this is where building a business online may actually be more difficult than offline.