Looking for advice on whether you have a business plan that actually has potential? That's a conversation for another day. Want some basic steps to taking your business plan online? Read on.
"The biggest mistake I see most start-ups and individuals make is spending way too much money on custom development of their Web site. They believe the site needs numerous features to support their product or service when in fact you can start with a basic few," said Bill Gerneglia, chief technology officer at CIOZone.com and the former chief technology officer at About.com. "Sophisticated features can get expensive, especially if there is custom development involved."
Gerneglia said he's seen too many entrepreneurs seeking funding for business plans who blow their initial cash reserve or seed money, and who then look for additional funding to "enhance their platform" and "bring it to market" -- before they've put their product in front of the public.
"The site has to be good, clean, simple, functional, and very responsive," Gerneglia said. "Best to launch initially with minimal functionality and continually improve along the way."
"You really want to launch with the smallest number of features" on your site, said Jonathan Lambert, chief executive at WorkHabit, a California company that helps startups get online using open source products, and grow their businesses using social networking tools. Your brand is important, but the best looking site in the world won't help you if your site's functionality causes potential customers to throw up their arms in frustration and walk away without buying what you're selling, he said.
Don't waste money on office space if you really do not need it. Set up a home office instead. If you are successful and can afford to bring on employees, ask them to do the same.
Your computer will need a generous amount of hard drive space (between 2-6 gigabytes, experts say) and memory (the Microsoft Vista operating system requires a minimum of 1 gigabyte of RAM; you should opt for at least 2 gigabytes), as well as fast and stable Internet connectivity.
In addition to office software for word processing, spreadsheets and e-mail/calendaring, you may need an editing tool for hypertext markup language and FTP software for uploading files to your Web site.
Will you be showing images or video of your products? Add a camera, image/file transfer hardware and software, editing software, and perhaps an external hard drive to archiving those big image and video files.
Are you going to sell products? At the minimum you'll need some way to securely and privately accept payments, and manage inventory and customers.
The key is staying focused on selling your product (and not someone else's product), and not on getting carried away with notions about being an award-winning Web site developer -- unless, of course, that's your product. But let's keep things general here.
Follow this basic process:
- Find a domain name that reflects your business. See if it's available at allwhois.com.
- Register your domain name with a reputable service such as networksolutions.com.
- Find an internet service provider to host your site. Try godaddy.com. It has reasonable rates.
- Install a content management system that can grow with your business, such as Joomla or Drupal.
Content management systems are the basic tool you need to publish and update your Web site. Joomla and Drupal are free and based on open-source development. That means that improvements to your site's functionality -- and its ability to be customized -- can be made with the help of a wide community online rather than a private company. And since it is free you have the benefit of accessing that community for assistance in improving your own site. Water and Stone offers a good overview of open-source systems.
Whatever software you use, at its most basic it should support content presentation and templates for formatting and getting your message across; and a shopping cart with a secure payment method. Customer management and newsletter publishing would be added benefits.
Set up a merchant account through your bank, with an online security guarantee called an SSL certificate, that accepts credit cards as your primary form of online payment. Don't invoice for products or services if you do not have to.
"If you do not feel comfortable plugging all of the pieces together there is an abundance of help available," Gerneglia said.
So now you're the hub of your soon-to-be online business venture. The next step is putting something online for people to see and buy. That may first mean writing copy, taking pictures and video. Or, maybe you have a partner who can accomplish that for you.
You will want to organize these assets -- the products and their marketing materials -- and plan how you want potential customers to easily find them and spend money, and get them published with your new content management system.