Why You Should Write A Business Plan Today

Getting from the point of abstract ideas to the actual materialisation of your dreams takes a lot of actions and decisions. A business plan is a physical document which helps to take your actions, plans and decisions into account it creates the bridge between your dreams and their materialisation. A business plan is a document which contains precise details about the running of your business. Its principal function is to clearly define what your business is and what you plan on becoming. I’m pretty sure nobody wants to remain in the same spot, stagnancy isn’t really fancy…

Having a crystal clear description of your business and its services will help to pinpoint the exact product lines and services you will offer and even a comprehensive description of your ideal customer. As I indicated earlier, your business plan would help point you in the right direction. As your business grows and evolves, with a great business plan, you would be able to carve a path for yourself, efficiently adapt to market changes and most importantly, have goals to reach and targets to hit.

A business plan would give your business a purpose…

Although, the import of writing a business plan is often still debated within the entrepreneurial community, (which shouldn’t be so) studies have shown that those who complete their business plans are nearly twice as likely to successfully grow their business or obtain capital, compared to those didn’t write a business plan. Wouldn’t it be great to put the odds in your favour? If your answer is ‘Yes,’ you can do this by creating a well-thought-out business plan.

Give your business focus, give your e-commerce business a purpose, write a business plan today…

In a future post, I’ll give you some tips to help you out with this. So, no worries… We are here for you!

 

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Last Wall Comments

 
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 Cyril says at 22:24 et
hi claudia.. so iam starting with FBA.Please explain more what are the common providers for air and sea shipment (like UPS, Fedex etc)? Which do door-to-door? Which are more reliable for FBA?
 
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Claudia says at 07:39 et
hi Cyril. Great question..

Actually, there are three ways, by air, by express & by sea.

By air:
1. shipped by major airlines, such as Air China, Japan Airlines, Singapore Airlines, Shenzhen Airlines, Thai Airways, Malaysia airlines, Northwest Airlines etc.
2. the goods will be shipped to airport and the client needs to do the customs clearance and pick up the goods by himself.

By express:
1. shipped by UPS, Fedex, EMS, TNT & DHL.
2. the goods will be shipped to the client's destination (door to door, such as Amazon warehouse). The express company will do the customs clearance.

By sea:
shipped by shipping company, such as Ma Shiji, COSCO, NYK, Kawasaki, Hanjin, United Arab Emirates, Sinotrans and so on.
Also can do Door to Door service.
 
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 peter jr says at 22:47 et
I just got my first Shopify store installed by following your videos and now adding the essential apps to boost the sales like you suggested. Great stuff, i am super pumped to start selling!
 
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 Elena76 says at 21:19 et
I'm new here too.. Great course. Everyone talks of winning the "Buy Box".. whats a Buy Box??
 
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 Evan says at 21:19 et
The Box that appears on the product detail part containing the "Add to cart" button.. You got to win it ;)
Or else sale goes to someone else.. If you are only seller then it wont matter. Read more http://www.amazon.com/gp/help/customer/display.html?nodeId=200401830
 
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 robert says at 21:19 et
you gotta win it!
 
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 Aria says at 21:38 et
How to get those magical discounted rates for shipping within US?
 
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 jack says at 21:38 et
Try https://apps.shopify.com/shyp (Hassle-Free Fulfillment for Shopify Sellers they have good rates), also check Shippo and Stamps.com
rates within USA are USPS under 1 pound around 6-10 usd depending on the state
Also app NetParcel, shipwizmo.com
 
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 Aria says at 21:38 et
I use Flexport for shipping to FBA. works great
 
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 Spider Fuji says at 21:39 et
Would love to hear your suggestions.. How tto optimize the shopify site for speed?
 
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 Alice says at 21:39 et
USe the image compression app! Called IMAGE OPTIMIZED.
 
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 Natalie says at 22:32 et
Today's marks the 5th product launch on Amazon. First product failed completely. Second was ok (4 units per day), 3rd was a flop. 4th was 20 units per day (I think i strike the gold here). Looking for a new one! So far I am making around $700 per day and looking to grow more! this stuff WORKS!
 
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 Tycoon says at 22:33 et
Congrats Natalie. Inspiring stuff! Keep up great work!!!
 
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 jack says at 22:33 et
Thank you for sharing with us!!!
 
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 Chris says at 22:34 et
So true.. i don't always win but when i do I win superbowl!
 
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 Father says at 23:45 et
do we really need to wait for our first product to sell at least 10 items per day as suggested ? is this still a valid benchmark to work with?
 
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 wing11 says at 23:45 et
Yes but you don't just sit and wait, you prepare your next product while promoting and launching previous ones!
 
Rene says at 22:57 et
How do i get started???
 
Claudia says at 22:58 et
Hi Rene. Best way to start is to go through the video course first http://sellslikehotcakes.co/videos.php which will guide you through the whole steps.
 
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Sathaporn says at 01:27 et
I just starting to do a dropshipping with Shopify and I'm from Thailand. How can I get customers trust me from USA?
 
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 James says at 01:29 et
Dont say that you are from Thailand on your store. Buy a virtual address in USA, use fiver to proofread the texts (very cheap). See the video about building credibility, it helped me a lot
 
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 K1nggg says at 03:11 et
i agree with james. many of us are not from usa so it's not a problem where you are from!
 
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 Violet says at 03:14 et
Sathaporn, make sure your store looks trustworthy, follow the common steps outlined in the video lesson about building trust.
- virtual address
- phone number in US
- forwarding service (to forward returns)
- hire virtual assistant to proofread your english if you struggle with english. (on fiverr for $5)
- put trust seals
- be clear about delivery time
- provide great tracking and good customer service to keep customers happy
 
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Andres says at 10:01 et
Hello Im a fresh rookie Im a little confused on the Goal of 45,000.00 .....It reads...."Our goal is to make at least $10 per product per sale and at least make 10 sales per
day from each product, which means from five products, we are going to make
$45,000 at least per month plus your Shopify store profits and, of course, minus the
cost of sales, production, shipping and advertising. Our estimated profit is $45,000
per month. Well you can’t live with that but you would agree it’s a good start "

Is that goal only when you start with Amazon, or still good if you take the Shopify to start with...?
 
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 Mike says at 10:02 et
Welcome Andres. $10 per product per sale and 10 sales is a universal rule of thumb for any ecommerce store. 10-10 rule some people call it. It's same rule no matter if you start shopify or amazon or even better BOTH channels combined.
 
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 Diego says at 10:04 et
I agree, starting both is a way to go, you never know the future and which source will be more profitable for your product or niche! Good luck!
 
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 meni says at 05:04 et
Great tips, thx guys!
 
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Ernestas says at 05:02 et
some one use aliexpres for dropshiping ?
 
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 little_tiger says at 05:02 et
Yes sure, many of us use it! What's the question?
 
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 Mike says at 04:46 et
Over the next few weeks, I’d like to do something a little bit different. 

I thought it would be fun to ask people what they wanted to learn about (so I can customize my future emails to help YOU :-D).

Here's your first question...

What is your #1 single biggest ecommerce challenge right now (and how is it impacting your life on a daily basis)?

Click reply and tell me right now.
 
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 Castle says at 04:47 et
good one! finding time to do all the tasks is my biggest challenge!
 
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 Olga says at 04:48 et
Mike for me is finding good designer is a biggie
 
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 Tycoon says at 05:21 et
For me it's finding the product and suppliers
 
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mohamad says at 13:28 et
Good idea !! For me this about scalling with Facebook Ads. Actually, I can just make 5 sales by day and i want to Scale :)
 
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Jimmy says at 03:26 et
Hi there, I am a newbie at here. May I know what is the best auto currency switcher for Shopify? Thanks.
 
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 James.W says at 03:27 et
Welcome, there are many plugins, not sure which is best, they are pretty same! https://apps.shopify.com/auto-currency-switcher
 
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Jimmy says at 12:15 et
Now I am using Auto Currency Switcher, thanks so much James.
 
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Mark says at 11:57 et
Great course. What other payment gateways can I use as I don't live a country to be able to apply for paypal. Can't wait to make my first sale. I'm already done with the store and facebook page. Thank you.
 
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 Emili says at 11:57 et
Maybe Stripe ? it allows to accept major credit cards!