These are all very good replies. However, one of the most important steps in a business plan is the start of the plans. What is the start of the plan? The goals of the business are the start of the plan, and the meat of the plan is the steps to achieiving the goals. The plan defines short-term and long-term goals, usually a 3-5 year range.
There are many examples of plans to be obtained on the web, just google business plans. There are many FREE examples.
Hopes this helps!
Common Affiliate Marketing Mistakes
Affiliate marketing is one of the most powerful ways to earn money online. An affiliate can leverage the hard work of someone’s product mastery to earn money. This gives the affiliate a very low-cost entry to create product-related income. There is no product development for the affiliate or cost of goods sold. The only cost, is the cost to market, and there are many low cost ways to market.
So what are the common mistakes an affiliate marketer can make? If one Google’s the topic, many articles pop up and have varying opinions of the mistakes.
A common theme throughout the varied opinions is about the product. It boils down to the affiliate not knowing what the product or service does. This can obviously stem from the affiliate not even having purchased the product, but can also be a result of the affiliate not taking the time to learn about the product or service. A product or service cannot be effectively promoted if the promoter is not familiar with it or have tried it themselves. If product related questions are asked, they cannot be effectively answered. If the product is not tried, the affiliate could unknowingly be representing a bad product. Regardless of the reason for not knowing the product, there is one outcome, a damaged affiliate reputation. KNOW the products…
Another mistake worth mentioning here is choosing the wrong affiliate or a non-consumable product/service. One goal of an affiliate should be to create residual income. Make sure the program will continue to pay period over period for continued sales to the same customer. Also, make sure the product or service is consumable thus creating the need for recurring purchases.
Another common mistake affiliate marketers make is not building a list. I know you have heard the saying that people buy from people they know and trust. Build a list and create a relationship with the list. Then use the list to direct traffic to the affiliate offers. However, a relationship must be built with the list through providing value to them. If the list is just bombarded with offers, the concept is lost.
Affiliate marketing is hard work, but with consistent and persistent effort it can pay off in the long run. So, avoid the common pitfalls, and stay in the game, then reap the rewards.
I would be very leery of the interest rate and terms of an unsecured business loan. You cannot just say that is the best option for someone without those details...
Be advised, if you are seeking a loan, always be sure to READ THE FINE print associated with the loan, paying paticular attention to the interset rate, payment terms, life of the loan, default provisions...
I agree with Pooper-Scooper, do your best to avoid a loan. The loan and the cost of the loan will only increase your burden to becoming profitable.
Again Pooper-Scooper has some good questions to consider. What do you want to sell? Start a very limited inventory of that item. (Just make sure you don't auction something you don't already have in inventory, as you will get dinged on eBay if you don't deliver the goods timely.) You have control over your auctions on eBay, so you can start with a very limited inventory, and buy more as you sell through...
Also, have you looked into the Trading Assistant program that eBay offers? This program allows you to be an assistant of someone looking to sell on eBay but does not have the time. You make money by charing them fees for the items you sell for them. May not be as lucrative, but could be a way to fund your adventure of selling your own stuff without getting a loan. Always research throughly the reputation of someone you look to do business with...
I hope this helps.
I am not an attorney, so this is by no means 'legal advice'; however, I do have some business experience with intellectual property. Did the cease and desist threaten any legal action against you even if you complied with the order? (Most of them that I have encountered are just that, cease and desist, and as long as you comply, they do not threaten further action.) So, if that is the case, then it is not a question of legal defense for you, but how do you get your money back from the vendor... How did you purchase the goods, letter of credit, check...? In other words, do they already have all of your money? If so, are they a vendor that you normally work with? If they already have your money, I would contact them and request a refund because they have violated intellectual property rights. Depending on how you paid them, you might be able to enlist the assistance of your bank to get your monies returned.
I hope this helps...