Business Plan Road Block any help?

6 replies
Pick a niche, create a business plan, work your plan. this is the advise I received so we can stop chasing the Shiny Objects!

Can anyone help me with the Business Plan part?

I have chosen my Niche for MLM, and have my initial blogs already with no content for now.. Im stuck on Business Plan part for long months now.
#block #business #plan #road
  • Novalj30,

    In general there is usually an executive summary (a summary of the plan), the business objective, a competitive market analysis where you go through all the details of competition, how you will do business, what threats there are and what strengths you have. You will need to include a plan for sales forecasting and actual sales forecasts and any plans for obtaining financing.

    There are some pretty good references on sba.gov.

    How to Write a Business Plan | SBA.gov

    Hope that helps,

    Shawn
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    • Profile picture of the author novalj30
      Originally Posted by TheContentAuthority View Post

      Novalj30,

      In general there is usually an executive summary (a summary of the plan), the business objective, a competitive market analysis where you go through all the details of competition, how you will do business, what threats there are and what strengths you have. You will need to include a plan for sales forecasting and actual sales forecasts and any plans for obtaining financing.

      There are some pretty good references on sba.gov.

      How to Write a Business Plan | SBA.gov

      Hope that helps,

      Shawn
      Thanks a Lot.. I think this is all about it,, wow, Business Plan really involves a lot of things, and yet people will tell it's easy to build business online! What the heck, the truth is, it requires a lot of work
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  • Profile picture of the author RogueOne
    Can anyone help me with the Business Plan part?
    Are you trying to get financing? I'm confused about why you need a business plan.

    Do your market research, set up your site and start driving traffic to it.
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  • Profile picture of the author shane_k
    Originally Posted by novalj30 View Post

    Pick a niche, create a business plan, work your plan. this is the advise I received so we can stop chasing the Shiny Objects!

    Can anyone help me with the Business Plan part?

    I have chosen my Niche for MLM, and have my initial blogs already with no content for now.. Im stuck on Business Plan part for long months now.
    A business plan can be what thecontentauthority recommended or it can be as simple as something like below.

    Drive traffic to website using Solo Ads, Banner Ads, PPC Ads
    Get people to opt-in to list using freebie incentive
    Build relationships with subscribers while sending them affiliate offers andn offers on my own products

    or

    Use videos on Youtube to drive traffic to squeeze page or sales page
    Get people to purchase initial product
    Upsell membership site
    Include Membership Site Promotion links in every product I sell.


    The point is, that a business plan should only need to be as in depth as you need it to be to get you moving forward and taking action.

    This is especially true if you are NOT looking for financing of any kind or doing any presentations for any potential shareholders.

    don't let a business plan be the excuse for not taking action.
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  • Profile picture of the author Victor Edson
    Have you heard of storyboarding?


    You basically need a simple plan of action.

    How are you going to get leads, how are you going to get them to buy, what are you going to sell them?

    When it comes to MLM you should first find a legit company to work with and then start driving traffic to their offers.

    Don't let the plan hold you up.. just write out how you'll accomplish getting leads and converting them to buyers. After you've tried it for a while, take a look and see how you could improve your process.
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