business startups - Tag Archive

Common Reasons Online Business Startups Fail

9 Replies Debra Johnson

It seems like starting a website should be easy enough – there are almost unlimited free online resources spouting off advice, it can be relatively cheap to launch a website, and, naturally, you have the best business idea for your website. So why is it that so many website startups fail?

1. Low Quality Web Design

One of the biggest mistakes that web startups make is having poor web design. Your website is the most important aspect of you company so why would you skimp on that? The overall design of your site is what initially draws people in, it’s what their first impression of you as a company is, so having a solid website design is crucial to your success.

2. Poor Content

In the same respect as low quality web design, having poor content on your site will be a huge turn off to people. To retain visitors you need to be able to provide content that wows them. You want to show anyone and everyone that visits your site the best you have to offer, so why would you fill your site with uninteresting or poorly written content?

3. Poor Marketing

Google SEO Chart

Google is one of the best places to start your online marketing – both simple SEO and paid ads are are good place to start.

You can have the best website and the best content in the world, but if no one ever sees it then it won’t really matter, will it? You can never retain a customer if you can’t even catch their eye to begin with. This is why it’s imperative to spend ample time marketing on social media, through email campaigns, and through traditional marketing routes. You have to be willing to put time and money into your marketing scheme to achieve the best possible outcome – after all, you reap what you sow.

4. No Passion

Picking a niche market just because you think it will be profitable is one of the worst reasons to start a business. You have to actually be passionate about what you’re trying to make money off of, otherwise it’s going to be a lost cause and people will be able to see right through you.

5. Not Enough Funds

When you don’t allocate enough money for a startup company, you run the risk of forcing the company to fizzle out because you lack the proper funds to keep it going – or worse, you risk driving yourself into debt.

Get rich quick schemes rarely work in life and the same holds true for web startups. The road to success can only be reached by hard work, dedication, and money. So if you’re contemplating launching a startup business, make sure that it’s something you really want to do, otherwise you’ll be doing your potential customers and yourself a disservice.

Ideas on how to promote a startup on a budget

5 Replies Nishadha

Successful startups have some things in common and top notch marketing is one of them. You might have come up with the greatest idea in the world or built the coolest application, but if other people don’t know about it, your idea or product isn’t worth much. Many young entrepreneurs get so sucked into the creation of the product, that they treat marketing as an afterthought. But as I said before, if users don’t know about a product they won’t be using it.

The immense popularity of the internet has leveled the playing fields, so someone with a small budget working from a garage can compete with big companies as long as they have a cool idea. In fact they might have a better chance in some niches because people have started to distrust companies. Below are few ways you can promote your startup – specifically tech startups.

Social Media

The starting point is creating a Facebook page and a Twitter account. Both are free to start and you have the potential to tap into millions of users. You can get the ball rolling by asking your friends to like and share the page.Business Networking in the 21st Century

Social networks are a good place to share your ideas and plans and get some feedback on them. Every little things count to successfully promote your product. If you have a product that is catering to a specific niche, then try joining a similar niche social network as well.

Contacting Leading Blogs and Getting Press Coverage

Once you come up with a working solution you can contact leading industry blogs to cover your product. Most major technology blogs like TechCrunch and Mashable have separate application forms for startups, so if you are confident about your product you can submit to them.

EDITOR NOTE: I must have misread, I couldn’t see Technology Bloggers among those ‘major technology blogs’! 😉 One day… – note by Christopher

Not only will you get massive exposure you will be able to get funding as well. Even if you don’t get published in major publications there are many other websites that promote startups and you can find many of them by doing a simple Google search.

Attending Conferences

Attending conferences and your local tech gatherings is another great way to spread the word about your product. Attending major conferences helps you network with people and pitch your product to industry leaders.

Local gathering are important because in most of these you will be able to present your product to an audience using a projector, which is far more effective than reading an article about your product. You will also get instant feedback on how you can improve your product as well.

Search Engine Optimization

Another promotion stream that is ignored by most startups is search engine optimization. Although most people in the technology field know about SEO, few actually try to leverage its power. This is especially useful if you are a global product catering to a non tech crowd. They won’t be reading Mashable and attending tech conferences, so the most probable way they will find your product is via search engines.

Even if you are catering to a tech crowd search engine optimization is a must. The long term benefits of SEO are immense. Although it is advisable to outsource your SEO work, if you have lots of content produced through your blog and website, it is better to hire your own SEO engineer. Be careful though, as black-hat SEO can be very damaging to a site, so if you do outsource, make sure it is to someone trustworthy.

Mentioned above are some major things you can do to promote your tech startup. Always remember that more people know about your product the better. The bigger your customer base, the likelihood is, the more money you will make/people you will help!

The positives and negatives of outsourcing work for SMEs

18 Replies Andrew Doyle

In challenging economic times small and medium sized enterprises (SMEs) have to look at costs and reduce overheads in virtually every area possible. One of the first things that small businesses look at in order to free up time and resource is to outsource work in order to focus on other aspects of their organisation.

Outsourcing of work can have a hugely positive impact on the output and growth of an organisation.

However the decision to outsource important work to freelancers and professionals across the country and overseas should not be made lightly. It is important to outsource work for the right reasons rather than employing someone in-house to complete the task.

There may be times in business in order to progress that you will take on projects that you just don’t have the necessary skills to do so. Outsourcing enables SMEs to improve their specialised skill sets via third parties, to improve their reputation and get the job done quicker.

Here are some of the many other pros and cons of outsourcing work that businesses must consider to determine whether it is the right option for your organisation.

Pros:

  •  Increased speed and quality of delivery – If your business is willing to take on work in areas which you don’t particularly specialise then outsourcing work can significantly enhance the speed and quality of completed work. Not only will you be able to complete work on time and within budget, you will be able to focus your energies on other pressing projects better suited to your expertise.
  • Free up office space – Space is precious in commercial properties and by outsourcing work within a particular department you can minimise the number of workstations and employees required, with the ability to communicate and work with third parties online with minimal fuss.
  • Ideal for business start-ups – In the infancy of any business outsourcing work proves significantly cheaper than hiring full-time staff with the same level of support. However, as businesses grow it is prudent to re-evaluate the outsourcing of particular tasks as it may prove more beneficial to employ a full-time employee to work in-house and adapt to your growing and changing needs.

Cons:

  •  Concerns over quality control – Many small businesses are frightened to work with third parties as they lose the ability to manage projects in-house. This can have a significant impact on quality control, particularly if you make a poor choice of freelancer to complete a specific project.
  • Communication frustrations – If you choose to outsource a task overseas there is always the risk of work demands getting lost in translation. This can lead to hold ups in work which may result in frustration from clients and potentially the end of lucrative working relationships.
  • Difficulties selecting appropriate vendors – SMEs inexperienced with the process of selecting a freelancer or professional for outsourced work may find it hard to decipher reliable proposals from the downright shady.

Unfortunately outsourcing work is not an exact science, but with a little common sense and research you can work successfully with third parties with the necessary knowledge and work ethic.