Understanding how to start a legitimate online business starts by first understanding the way online marketing and sales works. Below I have outlined 5 different phases that you can use to help you prepare and successfully launch your online business Although following these phases will drastically increase your chances of success, ultimately the key to your online success will fall on your own unique ability to get things done! Your drive, determination, ability to set goals and follow through with them will determine your level of success with your online business. Most people tend to rush into things without doing their proper due diligence and research. You need to first know what it is you’re promoting or marketing. Is it a physical product or service? Who your target market is and what do they expect to gain from your company or business. Once you take a moment to figure this out then, you’ll move on to phase 2 of your initial set up.Phase 1 – Register your Business EntityThis is so Important but yet most people totally skip it. Getting your company registered with your state will save you a ton down the road. You can find tons of resources online to register your business name with your state. If you want to create a legitimate online business do yourself a favor and take care of the legal side of your business right from the beginning It will allow you to operate as a legally registered business, accept forms of payment under your business name, hire staff (if needed), write off business expenses, open up business accounts, open up a line of credit for your business, save you in instances when someone trying to sue you and you have the benefit of being able to write of business expenses using your company’s Tax ID number.Phase 2 – Choosing your nicheThis is the simplest step but, for some can take the most time to overcome. I suggest you choose a niche in which you know. Try to go into a niche that you’re comfortable with that you’re also interested in. Don’t let the products decide what niche you’re going to go into. You choose your niche and then you choose a product that fits your specific niche. Don’t try to spread yourself too thin either. If your business is structured around music & equipment, avoid complicating things right off the bat by introducing other non related products that don’t coincide with your main product. Get good at selling one thing before you move on to the next.Phase 3 – Selecting Your Base of OperationsThis is the phase where you decide what online platform you will use to base your initial campaign from. If its physical products then you might want to start off by creating a seller account in the marketplace where your targeted audience is known to be, that receives a good volume of traffic. If you plan on going the digital route or information marketing, you will most likely need to create a website of your own. Whichever you choose, keep in mind that this should be your central hub for all traffic and communications between you and your potential customers. Your online business needs to look as legitimate as possible right from the start. People base a lot of their buying & interaction of perception. The more authentic and legitimate your online business looks, the greater your chances of converting visitors into potential customers and traffic into leads which ultimately converts into a paid customer.Phase 4 – Preparing Your Home Base to Open ShopOnce Phase 2 is completed and you’ve found your central hub make sure that you’ve done everything cosmetic that you can possibly do. If you want to look like a legitimate online business right from the start then it would be beneficial to have a company logo created and a few different website banners designed that match your overall theme. You can have this created for cheap by going to a site like fiverr.com. You also want to decide on a color theme for your website that matches your logo. You’ll need to choose who or what will be presented as the face of your online business. People want to know who or what figure represents this company in the public eye.Phase 5 – Getting CustomersOnce you have went through the 4 phases and you have a product or service to promote your next step will be to drive customers or leads to your online business. What’s having the best product or service in the world if no one can find it? No good at all. There’s two forms of driving customers to your online business or as we online marketers refer to it as “driving traffic” and that’s the free way or the paid way. Paid ways include but are not limited to google ads, banner advertisements on other high traffic websites, TV advertising radio & newspaper ads. Some free ways to drive traffic and generate leads/customers consist of social media, word of mouth, youtube.com, blogging & article marketing or joining a network with other like-minded individuals The free ways could appear to be slower, results wise but in the log run can be the base source of stable traffic & leads for your business, if your marketing budget was to dry out. Consider your budget and map out your strategy wisely.
S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows
Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.
The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.
Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.
Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.
Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.
From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.
S&P 500 Tests Resistance At 3730
S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.
If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.
On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.
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Upon getting information about an upcoming school science fair and the need to consider a topic of interest, many students will typically have no idea where to get started. While the science fair is typically a common occurrence in any school at any grade level, there are different types of topics that should be taken a look at depending on the age of the student. After first taking a look at the many different categories of science projects, you will be able to locate a suitable choice of topic to take to the next level.There is a wide variety of categories that fall under the types of science projects that can be chosen for a school science fair. These include biology, chemistry, physics, microbiology, biochemistry, medicine, environmental, mathematics, engineering, and earth science. While you may not have yet learned very much in any of these categories, don’t be afraid to see what each one entails. Taking a good look at your interests will allow you to focus on the right direction to take.Many resources are also available for those who are unsure as to the topic they are wanting to use to create their science projects. If you take a look at the topics that fall under the biology category, you will likely notice that there are topics that deal with plants, animals, and humans. For those who are in 2nd grade or 3rd grade, an interesting topic may be to determine if ants are picky over what type of food they eat. While this topic might not be of interest to an 8th grader, it is certainly something in the biology category that an elementary school student would enjoy.Along with the biology category, a high school student may want to take a look at diffusion and osmosis in animal cells as this would be a more appropriate topic for the grade level. A student in 6th grade would be more advanced than an elementary school student, but not as advanced as a high school student. At this middle school grade level, a topic of how pH levels effect the lifespan of a tadpole may be of interest.Whichever resource is used to locate a topic for science projects, it is always a good idea to consider the grade level of the student prior to making a selection. It is always assumed to be best to have a project at an appropriate level in order to keep the attention of the student and provide a fun and enjoyable learning experience.