The 15 Days Challenge is an online programme designed to teach you all you need to know to be able to grow an online business from nothing. In today’s lesson, we create our business plan.
Developing a business plan
There are several key points in a business plan.
Business Model
There are several possible business models that we can use to make money online, I personally chose affiliate marketing as I don’t have enough knowledge yet to leverage other models.
Target Market
Once you have defined your business model, you need to determine the market you will operate in.
Target Customer
With the target market comes our ideal customer, this is an avatar representing the people who are most likely to buy our products.
Problem I Will Solve
Our target customers have a common problem that they are trying to solve, a problem for which we have a solution.
How Exactly Will I Solve It
This is our solution to the problem identified before.
Revenue Streams
A successful business doesn’t rely on a single stream of income, what are all the streams of income that will fuel your business?
Marketing Activities
The activities you will engage in to market your products.
Expenses
The expenses that your business will have in order to run, include both one-time payment and recurring payments.
Team and Key Roles
How you envision your business team to grow.
Milestones
What are the key steps in the growth of your business?