The very first online business I started involved me having an idea, sharing my idea with some friends and jumping head long into the project because, hey I’m sure this will work and make us tonnes of money!

But as I’ve said many times to many people, an online business is run and should be run like a real business – and a real business needs careful planning before you start, or you may very likely be doomed, doomed I tell you!

An Idea Is Not A Plan

Ideas are the birth places of all great businesses, the more the better I always say.

But an idea written down on a piece of napkin, or a simple sitemap you’ve drawn in excel does not constitute a plan.

I recently had a meeting with some prospects who wanted to do a website, quite a large one and with quite a good idea behind it too, but I noticed something which, without having experienced it myself, I may not have known if I was in their position.

They did not have a detailed enough plan/ strategy.

They had a general idea of what to do and how they wanted their website to work, but it wasn’t specific enough.

It must have been the strangest thing hearing a web designer you might want to hire pick at the weaknesses of their idea and overall strategy.

But like I said to them, I was you, I did the same thing and here’s how I would have done it better.

Identify Where Your Revenue Will Come From

With my first major project, I was convinced the money would rain from the sky, that my target audience would willingly open their cheque books, sign their name and let me fill in the rest.

But this is planet earth, money doesn’t grow on trees, in fact money was in low supply from the businesses who I thought would invest in my maiden idea.

I never really thought, hey, if I was them, would I invest in this website, is it something I would normally do?

And the simple answer was NO, it’s not something I would invest in.

It wasn’t because my website didn’t have something to offer, in fact in terms of publicity and traffic, we got much more than you would expect in our first year, it’s just that the people we were targeting were not ready to spend money on an online portal just yet.

But by this point, it’s hard to change the ‘feel’ and branding of your site to target it to other segments who might have the money to spend.

It’s not impossible, it’s just it’ll take more time, resources and even more money to move it in the direction it should have started with in the first place.

So make it easier on yourself, start by walking in the right direction and you’ll definitely get where you want to go much faster.

‘Spreading The Word’ Is Much Harder Than You Think

Another one of my first mistakes was thinking that marketing was going to be a breeze, that once people heard of my brand new site, word of mouth would do the rest.

Well with some restaurants in Malaysia, that definitely is the case, but with a website, you’ll have to do a bit more.

The highest source of traffic we received when we first started was from our friends and through Facebook.

We put the link of every new post we published onto Facebook and we asked our friends to tell other people about it.

But there’s only so much that your friends can do, unless your site is something really special, or maybe you have 5000 friends (well then you wouldn’t really need my advice on marketing would you?) there’ll come a point when the traffic will start to plateau out.

It’s at this point you’ll want to move on to plan B of your marketing strategy, maybe it’s online advertising, maybe it’s guest posting, maybe it’s article writing.

What plan B I heard you say?

Before you begin, you must think of your marketing plan, how much it will cost you, what are the best avenues to reach your target audience and many other things.

Too often, people think (myself included) that the product is good enough that it’ll market itself, which is probably what leads to many new blogs and website shutting down much faster than they should have.

Marketing, marketing, marketing. It’s so important I had to say it 3 times.

Getting There Will Take Time.

To this same group of friends I told – getting really well known is going to take time, possibly 9months to 1 year, especially if you’re not going to invest in online advertising.

For a blog which is constantly updated, maybe between 3 to 5 times a week, it will still take time to get high enough up the search engines to get noticed by bigger businesses (advertisers, people looking for consulting etc.).

This is where most bloggers give up – they’ve been grinding out post after post after post, with maybe a few dollars made in adsense revenue, maybe an affiliate sale or two, but they’re still not making the ‘big bucks’ like they thought they would.

This is when most blogger throw in the towel, where they call it a day.

This is the most important time to not give up.

If you’ve managed to blog for over a year on a specific subject matter and your posts are good, then you’ve just got to suck it up and keep doing it to you get noticed.

Maybe a big blog will pick up your article?

Maybe a business will hire you for consulting because they googled some information and your site was one of the first they saw?

Maybes only possible if you’re still at it, trying to reach your goal of maintaining a successful online business.

For the guys who this story is based on – next time we talk I know you’ll have more details (they told me they would) and hopefully I can build you the website of your dreams (and also the website that you’ve planned and carefully thought out).

For the rest of you, a) plan, b) where’s the money at? c) think about marketing and d) never give up.

It may not be as simple as I make it sound, but it definitely won’t be as hard as jumping in head-first will be 6 months from now.

I know, I’ve been there.