Welcome to GreatBizIdeas.Org
Helping bring your business to life, one idea at a time.
Looking to launch a business but unsure of what to do? Welcome to GreatBizIdeas.org, where we take the guesswork out of your potential business. Each week we explore a new business idea and formulate prospective marketing methods, income projections, products and pricing, and even a sample business plan! Getting into business has never been easier.
An Awesome Business Idea: Link Building for Websites - Part Five
Author Cameron Martel | 26.09.2007 | Category Sample Business Plans, Online Business Ideas
Part Five: Sample Business Plan
Made it this far? Great- by now you probably realize the profitability and feasibility of link building as a business. You’ve probably done a bit of research and have found an absolutely staggering market, and you’re more enthusiastic than ever about getting your business up and running.
To launch your business, you’ll need:
- A business plan - A document that completely outlines what the steps we are going to take will be, what the business goals are, and spells out what our products and services will be. The business plan should educate anyone who isn’t “in” on the business and have them fully aware of what’s going on after they’ve read it.
- Startup costs - This business can be started for under $100, as your only initial startup costs are web hosting ($9.99 per month from Crucial Web Host) and perhaps some PPC marketing (that one’s optional).
- Initial marketing campaigns - You’re really going to focus on offering your services to forums and communities. That’s where your customers hang out, and getting in there is free and a great way to build relationships.
The Business Plan:
Please keep in mind that this business plan is just an example, and that should you choose to pursue this type of business that your business plan will need to be more detailed and have more information. However, the general format of the business plan is true to the example.
Mission statement:
It is the mission of www.welink4you.org to provide quality, reliable, and quickly delivered backlinks to our clients. Through successful delivery of a quality product we will develop and maintain a long standing relationship with our clients as a dependable provider of excellent backlinks.
Market Analysis:
Our research shows there to be a massive market by which our services will be able to grow and become profitable on. The rapid expansion of internet business has created hundreds of thousands of customers for us to serve with our services, and the rising importance of SEO and relevant backlinks make our service one that is invaluable for a webmaster.At this present time we have determined that the market is currently undeserved by quality providers that operate at a decent price point, and it is our intention to fill this void by:
- Developing a product to serve the market specifically - Our products will be designed for the most benefit of those that choose to use them.
- Working with our clients to continue to offer excellent service - We know that our job does not end at the completion of the client order, and because of this we will strive to work with the client and provide whatever amount of service that they need.
Our research has shown that there are no providers that are willing to operate on the same personal level that we are going to focus on, and because of this we will have a significant advantage over our competition.
Product and Pricing
Initially, welink4you.org will only offer one product:
- 250 Quality Backlinks - $49.99 - This package will be a directory submission to 250 quality directories with high pageranks and relevancy towards a variety of topics.
Once we have determined further pricing and interest in expansion packages we will begin to offer them to our clients at a premium above our base package.
Marketing and Promotion
welink4you.org will utilize social networking and community based marketing in favor of other popular paid promotional mediums, such as PPC or lead-generation marketing. Marketing on community forums and outlets will allow us to gain immediate exposure to our target market as well as become a known brand within the community, helping us generate credibility and sales.We will start by marketing on the following websites:
- WickedFire.com
- DigitalPoint.com
- SitePoint.com
- WebHostingTalk.com
- WorkAtHomeMoms.com
- WAHM.com
Operating Expenses and Profitability Estimations
Updates4you.com has little overhead ($9.99 per month hosting from Crucial Web Host), so we project profitability within the first week of operations.
This business plan above is quite brief. We will be releasing a business plan template available for free via PDF/.doc/.html file that will provide a better example of what your business plan should look like. However, the fundamental elements of this sample business plan
Closing Comments:
The market for this one is infinite. With billions of websites online, going online, or just getting ready to be launched, the market is ripe for a service that can offer the SEO backend needed for profitability. Many people will pay for it without complaint, and those same people will be actively searching for what your business will be offering.
If you’ve got the desire to create a legitimate income from home with definite possibilities of growth and expansion, jump on this one before the market becomes saturated.
Have something to say about this idea? Leave a comment- we’d love to hear it!
A Great Business Idea: Outsourced Blog Updating - Part Five
Author Cameron Martel | 14.09.2007 | Category Sample Business Plans, Online Business Ideas
Part Five: Sample Business Plan
So now the time has come to take our idea - a service that sells blog updates - and turn it into a fully functional business. To do this we are going to need a few things:
- A business plan - A document that completely outlines what the steps we are going to take will be, what the business goals are, and spells out what our products and services will be. The business plan should educate anyone who isn’t “in” on the business and have them fully aware of what’s going on after they’ve read it.
- Startup costs - For this particular business there’s no reason that you couldn’t be up and running for as little as $100.
- Initial marketing campaigns - Focus on finding related forums or communities that you can market your services to.
The Business Plan:
Please keep in mind that this business plan is just an example, and that should you choose to pursue this type of business that your business plan will need to be more detailed and have more information. However, the general format of the business plan is true to the example.
Mission statement:
The blog updating service, updates4you.com, will generate the core of its business from successful bloggers and entrepreneurs who will find value in the automation of their blog. With a value focused price structure and relatively unique product, updated4you.com will become the number one blog updating service.Market Analysis:
An analysis of the market shows there to be little competition in this field. Many bloggers are outsourcing their blog updating needs to foreign or international firms that are not capable of providing the type of quality or attention to detail that updated4you.com offers its customers.Further analysis of the market reveals that there is definite room for rapid, aggressive growth and that there is longevity and potential for future expansion.
We estimate an initial acquisition of eight customers during our first month of business, with a gross revenue of $1,600. We project 150% growth rates for the next two months, followed by a surge in growth as updates4you.com rapidly and aggressively promotes its brand and services.
Product and Pricing
Initially, updates4you.com will only offer two products:
- “Core” package - $200 per month - This includes one update per business day for the duration of the subscription. These updates will be at least 350 words long and will be on any topic the client wishes.
- “Advanced” package - $300 per month - This includes one update per day of the month (for a total of 28-31 updates depending on the month). These updates will be a minimum of 400 words long and will be on any topic that the client wishes.
We estimate that 75% of customers will opt for the “core” package, while the remaining 25% will opt for the “advanced” package. However, during the first few months of operation we estimate that nearly 100% of customers will opt for the “core” package.
Marketing and Promotion
Updates4you.com will utilize social networking and community based marketing in favor of other popular paid promotional mediums, such as PPC or lead-generation marketing. Marketing on community forums and outlets will allow us to gain immediate exposure to our target market as well as become a known brand within the community, helping us generate credibility and sales.We will start by marketing on the following websites:
- WickedFire.com
- DigitalPoint.com
- SitePoint.com
- WebHostingTalk.com
- WorkAtHomeMoms.com
- WAHM.com
Operating Expenses and Profitability Estimations
Updates4you.com has little overhead ($9.99 per month hosting from Crucial Web Host), so we project profitability within the first week of operations.
This business plan above is quite brief. We will be releasing a business plan template available for free via PDF/.doc/.html file that will provide a better example of what your business plan should look like. However, the fundamental elements of this sample business plan
Closing Comments:
Before I conclude this weeks idea, I’d like to talk a bit about my personal experience with this type of industry. I, by profession, am a copywriter. I spend hundreds of hours a month writing and analyzing copy for websites, magazines, and even publishing companies. I see the value of a blog updating service like this- especially if that service is reliable, able to produce high-quality content, and is cost effective.
This is the perfect example of a business that anyone with a grasp of the written word could launch. Work at home mom’s, unemployed professionals, or anyone else looking for a dynamic income that is sure to grow and expand as time passes. If you do launch this business, please let me know (e-mail me at editor@greatbizideas.org)- I would love to see it. As well, the example domain (http://www.updated4you.com) is also available for purchase as a turnkey blog updating business for only $999.
Have something to say about this idea? Leave a comment- we’d love to hear it!
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