Many individuals wish to establish an Internet business without having an Internet business plan. Having an online business holds plenty of advantages over a traditional bricks and mortar business. For one, the leverage that the Internet brings is unmatchable. With the Internet, you have the power to reach thousands, even millions of potential prospects and customers. Yet the incomparable flexibility and market reach of the Internet demands having an Internet Business Plan to increase your chances of succeeding.

A major problem with establishing an online business is that some people, especially those who are not too computer and Internet savvy, become intimidated by the concept of earning an income using the Internet. It does not help that there are so many so-called gurus that claim to have a magic formula that can make anyone rich online. To make it easier for people to become Internet entrepreneurs, a good plan is needed. This Internet business plan overview will provide a brief review of two of the most popular internet business plans available, Wealthy Affiliate University and One Week Marketing.

Wealthy Affiliate University
As the name suggests, Wealthy Affiliate University (WA) is modeled after an actual school where you have the privilege of being taught by some of the most successful Internet marketers in the world and where you will have thousands of active members who are more than willing to be helpful classmates. Wealthy Affiliate’s Internet business plan is to teach the various aspects of Internet Marketing in a broad-ranging, paced process.

If there is one thing that Kyle and Carson, the founders of WA, are successful in doing, it is organizing the tons of information about earning an online income and putting them in one place for people to easily access. Like a real university, WA has departments and colleges representing the different aspects of Internet Marketing, the main divisions of which are article marketing and pay per click marketing or PPC. WA provides many of the tools about which they teach. If you are looking for an all in one Internet Marketing training site and if you want to continuously learn the various ways of earning and income using the Internet then WA is for you.

One Week Marketing.
If just need a quick lesson about one aspect of Internet Marketing then you should consider One Week Marketing (OWM) by Jennifer Ledbetter who is better known as Potpie Girl. As you can infer from the name, OWM will teach you how to have a running campaign in one week of intense step-by-step instructions using free or low-cost resources

If WA is a university then consider OWM a technical college, something that provides focused and effective yet low-cost education about a single aspect of Internet Marketing.

University vs. Tech School
WAU and OWM approach Internet Marketing very differently; a general education providing many of the tools and programs used, while the other is much more focused on a step-by-step single method. It is not at all uncommon for an individual to pursue both paths simultaneously although this path is mentioned with some reluctance since it requires hard-work and dedication to succeeding. Neither program is a way to get rich quick working only 20 minutes a day!

May this Internet business plan overview of two of the most popular programs about earning an online income provide you with a better idea of the available resources.

New businesses are started everyday. But what will make your business the one that succeeds? What makes you stand out from millions of businesses hoping to do well? It may be simpler than you think.

Dedication and hard work are mandatory factors in any business. Long hours, solving problems and keeping the clients happy are typical scenarios for business owners. Your business will stand out from all others if you truly have a passion for what you do. Enthusiasm needs to be seen everyday by everyone. It’s catching. Your clients will know how you feel about what you do from the moment of their first dealing with your company. This passion and enthusiasm will flow through to your employees, vendors, clients and future clients. What better referral can you have than from a happy customer delighted to work with everyone involved in your business?

Along with a passion for your business you must have a vision. Put it in writing, illustrate it, feel it and see it. Picture yourself in one year, five years, and beyond. Live your vision. Make everyday a journey in your own personal vision. What is your goal in one year? Do you have a certain dollar amount you want your company to have in revenue. Write it down, post it on your computer screen; know that your vision and goal will happen.

Your vision should coincide with your business plan. Your passion should be felt in your business plan. If you are looking for additional funding for your company your business plan is the first thing a prospective investor will want to see. A killer business plan can remove skepticism in a heartbeat. Prove that you are painstakingly thorough and that you have done your homework about your industry and know what investors value and want to see.

Once your vision is in order be sure to take advice from the experts. Enlist a top of the line team when making your business plan. Know what your expertise is and be open to advice and guidance from those specializing in the details. Every move must be strategically made for you to be that one in a million. Your business plan will stand out from the crowd and make your vision real.

Why Write A Business Plan?

How Do I Write A Business Plan is a question very much on a business executives mind usually around mid-year or during the last quarter of the financial year? As it is part of the management process, most businesses would have scheduled the business plan sub-process to start at a suitable time of the year. There are others, usually small independent entrepreneurs who may probably put it together as the need arises. This could be due to the need to apply for financial assistance or to impress a third party on some important business matter or venture. However it is done, a business plan is important as it serves as a performance reference, sets the business direction and rallies the team to an agreed business objective.

The 7 Elements Of A Business Plan

Executive summary which is written after the plan is finalized. It briefly provides an overview of the business plan in terms of the approach employed and key considerations in terms of business offerings, key staff and expectations in terms of financial results.

Introduction consists of a brief description of the business, the policies, mission, vision, purpose and objectives of the business for the specific business period. In some cases the introduction may even include a broad of the anticipated business environment. A short review of the previous business period would be appropriate.

Marketing analysis. Here the specific industry is assessed in terms of how the business would meet the challenges. A strengths, weaknesses, opportunities and threats (SWOT) analysis would be helpful.

Marketing plan. What would be the marketing strategy best suited to benefit from the opportunities identified and overcome the challenges foreseen.

Operations plan. The how and what of the business in terms of structure, location, rules and regulations, key operational processes and such other details.

Management plan. How the business is to be managed including key personnel, their qualifications and experiences as well as relevant business credentials.

Financial plan. The dollars and cents that will realize the business including costing and financial projections. Charts and graphs would be beneficial.

General Recommendations

In putting together a business plan the process must include adequate consultation, gathering of relevant inputs, discussion on strategies, review and validation of information. If the process is well oiled, the time taken to write the business plan, get it approved and put into operation can be minimized. Further, if the plan is to include different periods, these can be separately categorized into short, medium and long term plans. As the business plan is an important reference it must be well written. Spelling, grammar and flow would be key considerations in writing the document. To be well written, it has to be checked and re-checked. In this regard, many find software for better writing as well as dedicated business software to be helpful.

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