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5 Basic Steps to Starting a Small Online Business

  • Written by NewsServices.com

An online business may vary slightly from a brick-and-mortar storefront, but starting one requires the same level of effort, patience, and determination. Compared to conventional businesses, online startups are relatively more inexpensive and easier to launch. However, it is important that you plan wisely before jumping into this business endeavor. To help you with the process, here is an overview of the steps you need to take when starting a small online company.

Assess your idea

Many first-time entrepreneurs make the mistake of not evaluating the viability of their business idea. To ensure that your small online business succeeds:

  • * Consider the market first before thinking of your product.

  • * Conduct market research to find out any unaddressed customer needs.

  • * Check out online forums or social media platforms to see what consumers are currently searching for.

Remember that your idea can only be profitable if there is a need for it. Even if you come up with the most innovative and unique business idea, but you have no market for it, you’ll just end up wasting your hard-earned money.

Identify your niche

After ensuring that your business idea is marketable, you now need to identify your niche. List down your skills, expertise, and interests. What are you most passionate about? Keep in mind that your passion will serve as your driving force once you plunge into the business world, so you need to choose a niche that will motivate you. You also need to consider your existing competitors. Assess your potential competitors and see how they are faring in the market. Doing this will help you determine whether your chosen niche is worth exploring or if it is already saturated.

Develop a Business Plan

Creating a business plan can help you envision how your small business will operate. Even if you have no plans for seeking investors, it is essential that you develop a comprehensive and feasible strategy to help you make more informed business decisions. Establish your objectives and write down your short and long-term goals. Since your target market will be online consumers, make sure to craft a strong marketing plan to drive more traffic to your business.

Build your website

One of the most crucial elements in your online business is your website, as it will serve as the face of your brand. Since it will be your online storefront, you need to make it user-friendly for all ages. Consumers nowadays place high regard on convenience and ease of transactions, so make sure that they can easily understand and navigate your site.

Take care of legal aspects

Before launching your online business, remember to settle all the legal and business requirements. Obtain all necessary licenses and permits, and register your business. You also need to decide on your business structure as it will dictate your tax and legal requirements. Consider consulting with a business accountant to ensure that your business stays compliant. Also, you might want to read some business-startup help websites like LLCGuys that can be a big help when making first steps with your company.

With the advent of technology, the online world became home to various business ventures. By following the steps above, you will be able to build a solid foundation for your small business and make it successful.



Read more: 5 Basic Steps to Starting a Small Online Business

Congratulations to Our Team in The Australasian Industry Awards

  • Written by a contributor

Smarter Communities is proud to announce that its team, as a whole, and some individual members, were named finalists in the 2020-2021 Strata Community Australasian Awards.

Smarter Communities is a property and strata title management company that has been in operation since 1978. Its core mandate is to provide seamless strata management services to its clients. Smarter Communities has grown over the years and now has five brands under its umbrella. The award-winning teams and individuals all represent different brands, thus cementing the combined excellence of the company as a whole.

The Strata Community Australasian Awards was established to recognise and reward those who significantly contribute to the strata industry and community. The awards are meant to highlight initiatives whose innovation stands out and celebrate the biggest successes recorded by its members.

Therefore, the fact that our team was selected as finalists is, first and foremost, a great honour. Additionally, it is an acknowledgement of our emphasis on professionalism, ethical behaviour and best practices. It also demonstrates Smarter Communities’ considerable leadership within the strata industry.

The three finalists are:

Adelaide Strata & Community Management (ASCM)- Medium Strata Business.

Rikki Slaughter, Ernst Body Corporate Management- Strata Community Manager.

Jevon Taane, Ernst Body Corporate Management- Support Team Member.

Adelaide Strata & Community Management- ASCM is a medium-sized strata community management business that opened its doors in 1992. So, for almost 30 years, ASCM has been offering strata management services to small residential buildings and large commercial mixed-use properties alike. These diverse opportunities have enabled the company to amass a wealth of valuable experience, which it offers to every new customer. Moreover, ASCM’s size allows it to deliver more personalised services to the communities under its purview.

ASCM has a well-earned reputation of formulating ideal strategies for its owners’ corporations then putting them in place for their benefit. Such innovation has allowed the company to establish lasting client relationships and higher performing communities. These achievements have not gone unnoticed; in 2020, ASCM was also awarded Strata Community Australia’s Medium Strata Business of the Year Award. Therefore, perhaps this year’s nomination is simply an indication of continued excellence.

Ernst Body Corporate Management was established in 1979. Since then, it has become a powerhouse company with clear, concise procedures, solid teams and structures that impress and inspire. Ernst boats a diverse management portfolio consisting of resorts, hotels, smaller residential properties, townhouses, villa complexes and even high-rise residential and commercial buildings. The team members at Ernst bring a lot to the table with loads of industry experience, drive to enhance customer experiences and amiable personalities. It is no wonder that our individual finalists are all based in Ernst.

Strata Community Manager Rikki Slaughter embodies the ideal Committee manager and leader who goes above and beyond when providing body corporate management services. She is a multi-faceted professional who boasts an in-depth understanding of strata legislation and has exceptional people skills. These characteristics have earned her a reputation as a distinguished member of the strata industry who is highly regarded.

Support Team Member Jevon Taane primarily serves as a Technical Training Manager, a newly created role that seemed to fit right in with his personal and professional abilities. Since then, Jevon has been instrumental in implementing some major improvements that significantly impacted Ernst’s operations. What’s more, Jevon can also be credited with being a prominent driver in developing Queensland’s robust and cohesive team of strata professionals.

If these awards are anything to go by, then it is safe to say that the team at Smarter Communities is on the right track towards being an example of excellence within the strata industry.

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