Starting an online business ... - Cyclingnews Forum

Go Back   Cyclingnews Forum > Cafe > General

General Grab a short black and come join in the non-cycling discussion. Favourite books, movies, holiday destinations, other sports - chat about it all in the cafe.

Reply
 
Thread Tools Display Modes
  #1  
Old 05-05-12, 21:38
jhtweee455 jhtweee455 is offline
Editor-in-chief
 
Join Date: May 2012
Posts: 6
Default Starting an online business ...

Anybody here interested in starting an online business or working online ... ?

Please share your experiences.
Reply With Quote
  #2  
Old 05-06-12, 12:02
LongSprint's Avatar
LongSprint LongSprint is offline
Senior Member
 
Join Date: Sep 2009
Location: Melbourne, Australia
Posts: 114
Default

I started an online business a few years ago. My only piece of advice is don't underestimate the amount of time it will take to maintain it. If you're working full time you may find all your spare time gone, as I did. The online business went and I can ride again!
Reply With Quote
  #3  
Old 05-07-12, 01:57
jhtweee455 jhtweee455 is offline
Editor-in-chief
 
Join Date: May 2012
Posts: 6
Default

Quote:
Originally Posted by LongSprint View Post
I started an online business a few years ago. My only piece of advice is don't underestimate the amount of time it will take to maintain it. If you're working full time you may find all your spare time gone, as I did. The online business went and I can ride again!
What kind of business was that. Mind sharing? I figure it is e-commerce?
Reply With Quote
  #4  
Old 05-07-12, 02:41
BroDeal's Avatar
BroDeal BroDeal is offline
Senior Member
 
Join Date: Mar 2009
Location: Above 5000 feet
Posts: 12,937
Default

Look at the online competitors for your potential business. In the wacky world of organic search traffic and PPC advertising, this means more than just companies that directly compete with your products. Indirect competitors may dominate the search results and jack up the PPC costs. Those indirect competitors may also have different business models such that it is economical for them to pay much more than you can for keyword clicks. Their profit per sale may be higher, their conversion rate may be better, or both. They may have also gamed the search SEO environment so that they dominate the SERPs for a huge number of keywords. If several large companies have spent ten years building an unassailable mass of backlinks, much of which may come from their own private blog network or other online properties that they own, then you are pretty much screwed when it comes to getting a good SERP position.

The reason why a lot of people who set up money sites on the Internet choose fringe niches that have a low number of exact search matches per month is because it is too hard to rank a site for a popular (lots of broad searches per month) keyword with strong competition.
__________________
"Listen, my son. Trust no one! You can count on no one but yourself. Improve your skills, son. Harden your body. Become a number one man. Do not ever let anyone beat you!" -- Gekitotsu! Satsujin ken
Reply With Quote
  #5  
Old 05-07-12, 18:38
Alpe d'Huez's Avatar
Alpe d'Huez Alpe d'Huez is offline
Administrator
 
Join Date: Mar 2009
Location: New England
Posts: 7,929
Default

Looks like good advice from BroDeal there, going beyond my knowledge.

I do know this from experience though being partly self-employed in the past and contracting out others to work for me: It's going to take a lot longer than you think to get your business stable and with positive inertia. I thought I could pull it off in maybe two years, and was flat wrong. Even with a tremendous amount of effort I could never sustain it.

I got the impression that starting just about any business is going to take up up to five years, and a lot of constant work.
Reply With Quote
  #6  
Old 05-07-12, 19:01
Susan Westemeyer's Avatar
Susan Westemeyer Susan Westemeyer is offline
Administrator
 
Join Date: Mar 2009
Location: Germany
Posts: 7,417
Default

I work online and have my own company, offering my services a a free-lance sports journalist and translater.

It's a nice way to starve to death slowly.......

Susan
__________________
I dream of a better world, where chickens can cross the road without having their motives questioned.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 00:57.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.