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5 Useful Ways To Improve Your Online Business

5 Useful Ways To Improve Your Online Business

We all know that is not easy to start a business, but nowadays, people are taking their entrepreneurial spirits to the web and creating online stores and yes, online businesses. Technology is going further and the reality is that we can become entrepreneurs and start our small online business right from our home.

There are many tips and advice on the web about what we need to know or do before taking the decision to have an online business, but the reality is that with all this useful information and marketing tools, it is getting easier to open an online market or platform and start selling what you love to do.

There are millions of products and services you can buy online, and let’s be honest, there will be many competitors and sellers who are offering the same product or service as you, but the difference between your business and the competitor’s business will determine which one gets more customers, sales and popularity.

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If you want to start an online business and be better than your competitors you should take note of these useful tips and advice:

1. Think about what do you like to do and how good you are

We’ve heard about numerous successful entrepreneurs who had built empires and they have something in common: they love and enjoy what they do. They just followed their passions and created something that other people loved too.

If you enjoy doing something and you think that product or service could be something that our society would need or like, try it! You can start your own blog, website or even get an account on a marketplace and start doing your own business. Remember that this might not be the best business of the year but we need to start taking risks and decisions and learn from our failures. What if your idea works out and gives you the opportunity to grow?

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2. Identify local needs

This is essential. You cannot start your business without previously exploring what’s already on the market and considering the local needs. You need to know what people are looking for or what would be useful for them. Remember that everybody is trying to find life hacks and tips to make their lives easier. You also need to be specific and find something new (regardless of whether it is a product or a service) or something that people mostly need but that nobody (or not many others) are offering.

You can easily start internet research on forums, websites or news articles and identify people’s problems, likes or needs.

3. Create a good marketing plan and resources

Remember that whether you plan to build a product-oriented or service-oriented company, you need resources for marketing and development.

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There are multiple marketing plans, tools and strategies to choose from. You can start creating and managing your business’s social networks including posting some useful information and articles, great product photography, and interacting with your audience.

If you want to take the next step you can start looking for SEO strategies or creating some email marketing campaigns.

4. Work hard and surround yourself with trustworthy people

Starting a new business is not easy and you definitely won’t be able to do the entire process and work alone. Besides the fact that you need experts on each area of your business (like a marketer, an accountant or a lawyer), you will also have to divide the tasks and divide the workload. For this, it is necessary that you find the right coworkers, partners or investors. Certainly, there are people who think that mixing business with family or friends could be harmful, but the truth is that it is better to surround yourself with people you know you can work with instead of creating business with someone you don’t even know.

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5. Enjoy and have fun!

You might think that with all those new responsibilities, stress and projects the last thing you will be doing is having fun isn’t it? But of course you can have fun at the beginning and through the project. That’s exactly the first point in this article, the fact of enjoying what you are doing, and as that famous quote says: “if you love what you do you will never have to work.” 

Remember that what is worthy will never be easy, but at the end it will have its own reward in life.

 

Featured photo credit: cdn.kreaciomedia.com via cdn.kreaciomedia.com

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Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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