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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 Sandra says at 22:59 et
Good morning, I'm Sandra from Spain.. I have been following your course for 3 weeks and must say SUPER WORK! VERY HELPFUL AND DETAILED even for tech newbie like me.. Keep up great work!
 
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 USA says at 20:59 et
What about long waiting time with dropshipping from aliexpress?? 2-4 weeks is a lot of wait? wont there be complains and refunds?
 
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Claudia says at 20:59 et
That's not an issue as long as you don't sell on amazon or ebay and only use this method on your OWN site (shopify store). So you customer cant ruin your acc feedback with negative reviews on slow delivery time.
For amazon you should only use domestic dropshippers to avoid long waiting time.
One more tip - call the shipping "FREE". when something is free people tend to complain less. Okay it's slow but i got it for free so i will wait.
 
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 adam says at 21:09 et
What books do you recommend for personal growth guys?
 
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Claudia says at 21:09 et
The 4 hour work week, Secrets of the Millionaire Mind, Losing My Virginity, Think and grow rich, Laptop millionaire, Millionaire fast lane, 10x rule, How to influence people, Cashvertising,
Rich dad poor Dad, The richest man in Babylonia, The blue truth, The hidden entrepreneur, Tony Robbins books and audios.
 
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 emma says at 21:28 et
What are the ways to ship stuff from CHina to USA?
 
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Claudia says at 21:28 et
You can choose Express courier, Air freight, and Sea freight. Incoterms rules can be FOB, EXW, usually i suggest to choose FOB. So its not your duty to worry about exporting fees and china customs..
 
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 Evan says at 22:18 et
I am planning on going to China in late April to meet suppliers and Canton fair.
 
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 karina says at 22:19 et
Great idea Evan! Do we need visa for CHina?
 
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 Spider Fuji says at 22:19 et
who "we"? most europeans and USA guys need yes but it's a formality... book the flights and hotels and you get it.
 
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 Speedy says at 22:20 et
What's canton fair?
 
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Claudia says at 22:21 et
China Import and Export Fair, also known as the Canton Fair, is held biannually in Guangzhou every spring and
autumn, with a history of 55 years since 1957. The Fair is a comprehensive one with the longest history, the
highest level, the largest scale, the most complete exhibit variety, the broadest distribution of overseas buyers and
the greatest business turnover in China http://www.cantonfair.org.cn/en/index.aspx
 
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 mia says at 22:24 et
hi All! has anyone had a problem with amazon receiving a different quantity than what was listed as shipped?
 
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 chris says at 22:25 et
Its common for the quantity to be wrong for the first few days. Let them update the stats.
 
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 David says at 22:25 et
@MIA, If the quantity is wrong even after few weeks you can submit investigation report and they will refund missing units cost to you if they lost.
 
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 nicholas says at 23:20 et
Does anyone have a checklist of optimising your listings or a go to place for some tips?
 
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 Tyro Meg says at 23:20 et
Target the keywords that convert well for your product via PPC
 
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 Boris says at 23:21 et
Automatic or manual PPC better?
 
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Claudia says at 23:21 et
@Boris, please watch the video about PPC advanced strategies.
 
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Leslie says at 13:30 et
I had over eight merchant providers turn me down. For example, when you think hemp--you think...marijuana. Providers said no,no,no....Hemp is illegal, which it is not! And search Aliexpress for hemp clothing and what do you get, marijuana paraphernalia--not 100% hemp products! Hemp is just another tag for broadcloth. What I do not get is I have seen things like marijuana seed sites with a shopify or Paypal logo on their site? But.. I was denied by both of them for trying to sell anything that could be misconstrued as for marijuana..like vaporizers listed under Aromatherapy. Are not marijuana seeds sold for the purpose of growing an illegal plant in most states/provinces? Why the hypocrisy with merchant providers?
 
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 Diego says at 13:31 et
You see, every provider wants to stay safe. If you are new and coming with a first product and start with something on the "edge" like marijuana-related stuff you might have trouble for sure. Start with safer products, get approved easily, then get some volume going and only when you are a trusted seller add more edgy products. Hope this helps
 
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Butz says at 05:01 et
Hi All, Im a beginner here. I have seen most of the videos.
I am interested on doing FBA.
I am from Australia and I just registered my business, applied for a seller account on amazon.
what should I do next?
 
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Claudia says at 05:02 et
Welcome Butz! Well... Just follow the lessons, pick the products and start the FBA business. Let me know if you have more specific questions!
 
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Ricardo says at 04:48 et
HOW DO I manage customer returns?
 
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Claudia says at 04:49 et
Ricardo, in case of FBA then Amazon will handle everything (returns, refunds). In case of drop shipping, I suggest to buy a virtual forwarding address in USA where customers can send returns and it forwards it to you later.
 
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Ricardo says at 06:24 et
Thanks Claudia! , I am starting with dropshipping aliexpress and shopify. My store is about Rock Music (t-shirts and accesories) I have a fan page with +3 Million fans (fb.com/elrockescultura.org) but they are almost everyone from MEXICO, so epacket here it does not work so well, I tested posting one product, (without ads, pixel, autoresponder, analytics, chatbots, retargeting, etc) and we sold 20 items in 3 days, but 15 from Mexico. So what idea do you know around how can I will manage returns?? thank you!
 
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 Kylie says at 06:25 et
Tshirts you can ship using tspring or t-launch app for shopify or even Merch if you use amazon. you dont need to ship tshirts from china.
I suggest to post your store for critics and we all can post more suggestions. It's hard to suggest blindly.
 
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 mya says at 06:25 et
Mexico is a great market, most people dont sell there and always target USA only.
 
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Sathaporn says at 12:15 et
How about www.virtualoffice.com vs www.usa2me.com? Is there same service for US address right?
 
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 Mike says at 12:16 et
yes you can use those.
 
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Sathaporn says at 14:06 et
OK, Thank you!!
 
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 rick says at 02:28 et
New store is in Critics http://sellslikehotcakes.co/wall.php come and post your feedback to help fellow seller
 
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GERRIE says at 08:26 et
I would love to go to the Canton Fair. Do they contract with Dropshippers?
 
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 Mike says at 08:27 et
Yes many of the factories are glad to be a dropshipper.