online Business Strategy for all types of educators…

online Business Strategy for all types of educators…

… coaches, teachers, lecturers, tutors, trainers etc.

If you are thinking about online business, I am sure you will quickly discover how easy it is to get caught up in details and completely lose the sight of a big picture. Part of the stress and all concerns may be anticipated and prevented by means of good preparation with e.g. business strategy coach’s assistance or on your own developing a good detailed plan called strategy. but this also needs knowledge what to start with and include in. Well…..let us start with a couple of basic facts and definitions.

What is online business strategy?

“What is Business Strategy” by Joey Gedgaud

source: you tube

“What is Business Strategy”

Online Business Strategy (a.k.a. e-business i.e. electronic business) is the deployment of enterprise /personal resources for capitalizing on technologies to reach specified objectives and ultimately improve performance and create competitive market advantage and sustainable development of business.

In other words, an e-business plan is a comprehensive plan for applying effective digitization for a firm to conduct its computerized interactions with all stakeholders – both internally via the web and globally via clients, vendors, and other collaborators.

Let us take a closer look at word “strategy”: in other words we can call it a detailed e-business plan which is a comprehensive plan for applying effective digitization of ideas to conduct its digitalised / computerised interactions with all stakeholders – both internally via the web and globally via clients, vendors, and other collaborators. In this article I will focus on clients and products made for them.

This strategy is not limited to Internet-based organizations. Any firm that conducts business online must have an e-business strategy. It specifies all the initial and long objectives that necessitate thorough and professional preparation. 

Online-business strategy is like a component of the overall business strategy and operational program in one. It is linked to other plans such as sales, administrative, and IT planning processes.

This system contains four essential steps:

  • Proper planning: with the help or assistance of a Strategy or Business Coach
  • Design phase : building/developing your own Strategy
  • Execution: implementing with assistance of a Business Coach
  • Routine evaluation: development or sustainable development of online business

Invest in personal development.

Step outside of your comfort zone.

Establish thought leadership.

Build relationships.

Believe in yourself.

Now, more business-like tips:

Diversify Your Services.

Expand Your Expertise.

Create A Strategic Business Plan.

Surround Yourself With Successful People.

Invest In An External Coach Or Consultant.

Now, more strategy-related tips:

Know Your Numbers.

Develop A Sales Funnel.

Reach Out To Your Centers Of Influence.

Have A Specific Business Development Day.

Ask For Referrals.

Secure Powerful Testimonials.

Partner Up.

Because e-business is multifunctional, it necessitates cooperation among its members and professionals from all key areas within a company. Most people confuse this with e-commerce, and they additionally confuse the issue by believing the Web is the only medium for implementing it. It’s a very narrow definition of e-business.

It includes any machine activities that are intended to provide an advantage to one or even more parties. E-Business strategy is much more than just simply new technologies. Other elements, particularly larger corporate networks, can have a significantly greater impact on policy than innovation simply.

Based on all resources and understanding accessible within an organization, further input coming from external specialists and specialists may be necessary. Several companies have a distinct social unit, while others recognize that its ‘e’ from the word e-business is just part of every agency’s responsibility.

Nevertheless, there must be a monitoring and evaluation owner or administrator, and it is vital that they also have considerable planning and operational expertise in all of those disciplines.

  1. Design new business models
  2. Create new revenue streams and new customer segments
  3. Offer new personalized value propositions
  4. Establish new relationships with prospects and clients
  5. Redefine business activities, partnerships and resources
  6. Reduce costs and improve efficiency
  7. Discover new sources of competitive advantage

Three Forms Of Digital Publishing

When talking about digital writing products, you essentially have three options that are viable options for your business, but the right one for you depends a lot on your personality and goals.

1 Written

2 Audio

3 Video

How to create digital products

Step 1: Choose a Profitable Niche

Step 2: Brainstorm A Winning Product

Practical example 

Establishing a Facebook page with a group is an idea of a smart social networking e-business method. This is meant to provide visitors with important facts about the brand or company. The social media site can be used to alert the following customers with the latest information or update and to communicate with competent authorities and persons.

  • For a startup, selecting the ideal e-business strategy entails forming opinions like where revenue will flow and how to get the maximum web traffic.

How to develop Strategy for Online Business 

– are you recurringly starting your online business?

by offering value?

by the use of using Branding Strategy?

by finding your clients on FB or other social media (e.g. Linkedin; You Tube)

by webinars

by referrals

by podcast and great guests

bu blog and content marketing

… still not decided? on Your business Strategy

book a consulting free conversation or a talk on Online Business Strategy training with Coach

Bibliography and Webography:

  1. Unlocking The Benefits Of Digitalization: Simple Strategies For Rapid Success” by Catherine B. Roy Forbes Councils Member https://www.forbes.com/sites/forbescoachescouncil/2023/04/07/unlocking-the-benefits-of-digitalization-simple-strategies-for-rapid-success/?sh=258e39af7877
  2. How To Build A Successful Coaching Business” by Ashira Prossack https://www.forbes.com/sites/ashiraprossack1/2021/12/15/how-to-build-a-successful-coaching-business/?sh=376cd5594b68
  3. “14 Effective Strategies For Coaches Looking To Grow Their Business” by Expert Panel, Forbes Coaches Council. https://www.forbes.com/sites/forbescoachescouncil/2019/07/30/14-effective-strategies-for-coaches-looking-to-grow-their-business/?sh=7bfcb6ea1e34
  4. Unlocking The Benefits Of Digitalization: Simple Strategies For Rapid Success” by Catherine B. Roy Forbes Councils Member https://www.forbes.com/sites/forbescoachescouncil/2023/04/07/unlocking-the-benefits-of-digitalization-simple-strategies-for-rapid-success/?sh=258e39af7877
  5. How To Build A Successful Coaching Business” by Ashira Prossack https://www.forbes.com/sites/ashiraprossack1/2021/12/15/how-to-build-a-successful-coaching-business/?sh=376cd5594b68
  6. “14 Effective Strategies For Coaches Looking To Grow Their Business” by Expert Panel, Forbes Coaches Council https://www.forbes.com/sites/forbescoachescouncil/2019/07/30/14-effective-strategies-for-coaches-looking-to-grow-their-business/?sh=7bfcb6ea1e34
  7. How to drive business strategies in educational leadership” ; 1 August 2019 https://online.scu.edu.au/blog/drive-business-strategies-in-ed-leadership/
  8. “How To Create Digital Products & Real Passive Income by Anik Singal, April 10, 2019, Digital Publishing; https://lurn.com/blog/create-digital-product
  9. How to create digital products to sell on your blog: a 4-step guide” by Anna Faustino https://www.bloggingfastlane.com/create-digital-products/
  10. Best Online Business Ideas For 2022″ by Manuela Domingos; https://flippa.com/blog/online-business-ideas/
  11. How Easy Is It To Start An Online Business?” by ehoneahobed https://www.ehoneahobed.com/how-easy-is-it-to-start-an-online-business/
  12. “Marketing for Coaches: 24 Great Strategies for 2023” by By Luisa Zhou,16.03.2023 https://www.luisazhou.com/blog/marketing-for-coaches/
  13. https://2stallions.com/blog/online-business-strategy-what-you-must-know/
  14. https://www.ikhokha.com/blog/create-an-online-business-strategy-in-7-easy-steps
  15. https://www.slideteam.net/basic-types-of-digital-marketing-strategies-for-a-business-online-marketing-strategies-improve-conversion-rate.html
  16. https://www.nypl.org/sites/default/files/online_business_strategy-pdf_version.pdf
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