Shannon Belew - Starting an Online Business All-In-One for Dummies

Starting an Online Business All-in-One For Dummies, 5th Edition

Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com

Copyright 2017 by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in Canada

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Library of Congress Control Number: 2016959686

ISBN 978-1-119-31552-0 (pbk); ISBN 978-1-119-31553-7 (ebk); ISBN 978-1-119-31554-4 (ebk)

1. Table of Contents

Online businesses have finally found a permanent foothold in todays marketplace, leaving little doubt that the Internet is not only the conduit for a viable online business model, but is often a necessary tool for building, managing, and growing any type of business. Even traditional retailers are increasingly seeing their e-commerce sales eclipse in-store sales throughout the year, and especially during major shopping holidays, such as Black Friday.

We are excited about the potential that an online business holds and the fact that e-commerce and digital marketing are now thought of as necessary components of almost any business. Since beginning our own online endeavors, we have had the privilege of meeting and working with a variety of entrepreneurs people who, much like you, share a dream of finding economic independence by running their own businesses. As you might have guessed, many of them found success on the Internet.

The Internet provides not only a legitimate resource for starting a business that will offer a steady source of income for your family, but also a nearly endless source of ideas and opportunities to market and grow your company. It can even give you the flexibility to work from home, the freedom to work part-time, or the ability to earn an additional source of income to help make your life more enjoyable. And maybe your online business could be the next Amazon, eBay, or Facebook! Almost anything is possible with the Internet, but the pursuit of success starts with a good idea, a solid business foundation, and an endless amount of determination and hard work.

In this book, we help get you started by sharing with you the knowledge and tools weve picked up along the way and by providing you with a few shortcuts to help further your own online endeavors.

Much has changed since we wrote the first edition of this book in 2006, but much has stayed the same. Our number-one goal for the book to cover the many ways you can start or expand a business by using the Internet is still the same. Likewise, many of the basic principles for starting your online business are still tried-and-true methods. For this fifth edition, we took great care to update all the key information that has remained valid in the past few years. Our second goal for the book is to expose you, the reader, to new trends and tools that can be utilized by all types of businesses from nonprofit organizations to traditional retailers. We searched out many of the new opportunities that have recently evolved. For example, the rapidly growing use of mobile devices, including smartphones and tablets, has forever changed the way businesses must operate online.

Its hard to believe that the first iPhone debuted in 2007, and mobile traffic was less than 1 percent of all Internet traffic. By contrast, in 2017, mobile traffic accounts for nearly 75 percent of all traffic! Mobility has affected almost every area of online businesses, from site design principles and shopping cart features to downloading mobile applications and making mobile payments. Mobile has also provided new ways to make money online, including mobile apps, which we delve into in this edition of the book.

Similarly, another change that continues to gain momentum and provide online business opportunities is social commerce. Social media networking sites, such as Twitter, Facebook, LinkedIn, Pinterest, Snapchat, and Instagram, are now staples for both promoting your business and making money. Industry giants such as Amazon pioneered the way in which online shoppers can make purchases directly through Twitter by using special hashtags, and even nonprofit organizations are realizing significant boosts in fundraising dollars thanks to the power of donations through social media. Powering all these platforms and online businesses is the use of content to help drive website traffic (customers). Google continues to emphasize the importance of quality content and rewards those online businesses that follow suit and produce with better search engine rankings. Knowing what type of content visitors want to see and understanding how to deliver it for the best results are now critical parts of managing and growing an online business. It may seem like a lot of information, but dont worry! All these changes (and more!) are captured in this newest edition of our book.