6 Steps Towards Building A Successful Digital Business

1) Passion

Passion is what keeps you going, even in tough times. It has got to do with your four feet throw – something you do better than others even in your worst day.

Do what you love, love what you do.

Image by StartupStockPhotos from Pixabay

2) Direction

Just like how you plan for a holiday trip, you need to have a destination in the first place. Keep in mind that even though the world is round, going the wrong direction will not bring you to the right destination.

Where are you now and where are you heading?

If you don’t know where you are heading, you will be going nowhere.

3) Positioning

Positioning is important because this is how people will recognize you in the market.

  • How do you want people to look at you or your business?
  • Are you the expert of something that people can rely on?
  • Are you an ecosystem, a platform, an online store or a content site?
  • What is your strength? Do you have a Unique Selling Point (USP) or secret recipe?
  • The million dollar question: What can you do that others can’t?

4) Strategy

  • How are you going to achieve your goals?
  • What kind of business model are you looking at?
  • Which strategy would you apply to your digital business?

Business Model Canvas could be one of the good tools for you to understand your current situation and plan for a better strategy on how to move further from your current situation or out of current condition towards what you intended to achieve or to have.

5) Team

  • Who are the people in your A-Team?
  • How are you going to attract and retain the right people?

6) Execution

Action speaks louder than words. Just start, just do it! It can be changed and enhanced later on.

The key is, start something somewhere somehow, with what you have.

Image by Gerd Altmann from Pixabay

How To Start?

A journey of a thousand miles starts with a baby step.

Give yourself a dream;
Give your dream a direction;
Give the direction some milestones;
Give the milestones a timeline;

Work wholeheartedly to achieve each and every targets according to the timeline and you will be amazed by how far you actually can go.

Take a look at how an offline store can leverage on the digital medium to add more revenue streams and make more sales.

The Case of an Online Store

Featured Image by Gerd Altmann from Pixabay