Quarantine online business will give extra income

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Avatar for Jisan203
3 years ago
Topics: Economics, 2020

Even just six months ago, our world was busy and lively. Every morning started with busyness. Accustomed to such a life, we could not even imagine what was going to happen in the days to come. Millions of people around the world are living under house arrest in this terrible disaster of the century due to the attack of Kovid-19. Educational institutions have been closed for a long time due to the sudden outbreak of this virus, all other workplaces are open on a limited scale.

Traders have probably suffered the most during the long lockdown and captivity. Domestic and international market business is one of the major sources of annual income in a middle income country like Bangladesh. Most of the businesses in the country were closed for a long time due to coronavirus, but now the business is slowly reopening, but due to the lockdown, the number of shoppers coming to shop has dropped significantly. As a result, the launch of new businesses is a long way off, many of the current businesses are under threat.

Amidst the stagnation and stagnation of the market, online business can be a timely way to pass. Not only are the people of Bangladesh unfamiliar with online business in the past, but the way online business has become popular with both traders and buyers during the Coronavirus era, it is said to bring back closed businesses and create new entrepreneurs with little investment. This online business is a door of immense potential.

Some well-known e-commerce sites in Bangladesh;

Online business has started in Bangladesh not too long ago. In the first century of this century, the people of Bangladesh became widely acquainted with the Internet and its availability also increased. Over the past ten years, various businesses have started online-based activities such as ordering products online or home delivery in addition to their official outlets. In addition to this, several independent online businesses have also developed during this time. At present, online business is very popular among small scale entrepreneurs in Bangladesh.

You need more than luck to succeed in affiliate business. First of all you need to know why you want to do online business. Lockdown for extra income or long term planning. Because the whole plan has to be sorted based on your goals. Plus, a lot depends on how much you are able to invest. Online business is basically a lot of time. You need more than luck to succeed in affiliate business. You need more than luck to succeed in affiliate business. You need JavaScript enabled to view it. Moreover, it is better to be sure about the scope, supply, etc. of the business while making the plan. In that case, there is no need to face investment or manpower complications in the future.

It is very important to get in touch with an experienced person before starting a business. Suppose you start a cosmetics business online, but you have no idea what kind of product you have. It is better to know where the product is coming from, where is the target market of this product, how is it possible to get the information of these products to the customers. Moreover, an experienced person is also needed to give guidance on how to do various business complexities, management, communication, etc. easily and efficiently. So you don't just have to rush into business, you also have to take regular instructions from someone who is experienced in online business.

Gaining guidance as well as mastering some paper helps to keep the idea about the business clear. If you want to get into online business, you can take a course on some online business strategies. Currently, some basic business courses like Business Structure, Business Model Canvas, Money Flow, Supply Chain are being offered for free on all major online course platforms including Coursera, Udemi.

It is important to determine the business sector;

Let's come to the original plan this time. The first thing you need to do is select a product or service. You need to specify what kind of product or service you want to offer, who your customers will be, and the market demand for your product or service. This requires market analysis. You need to decide on your marketing policy according to the current demand for the product, who is providing the same type of service online, in what ways you will be in a more favorable position from the competitors. After considering the marketing policy, this time a written form is required. Not everyone who does business online has such a written record, but if you want to grow your business in the near future, it is best to have such prior plans and business strategies in writing. Besides, after planning, you can open a Facebook page, contact page, Facebook group, YouTube channel, etc. in the name of your company. Then the people around you will know about your venture before you start the business in full swing.

Business can be started only through social media;

If you want to open a large business platform with a fair amount of investment, then you need to register your organization. Registration for such initiatives at the individual level is usually free. This time it's time to go to work with full vigor! Since it is an online business, try to open a website without just Facebook-centric campaigns. Create a website so that your business can be presented to the buyers very nicely. It is better to have a host for website design, logo creation, security check, update and back up etc. Although some financial investment is required to run such a website, such a website is very effective in promoting and running an online business smoothly.

Once the website is created you will be able to update your website with details of your product details, prices, ways of communicating etc. You can also use a pre-opened Facebook page or group for promotion. You can also attract online customers by uploading regular content, creating videos, digital designs or reviews. There are currently a lot of people being connected to online platforms in exchange for various online contests, review contests or contests to add friends. Remember, propaganda is spread. So in addition to providing customer service in the beginning, we have to continue trying to connect more customers on the same platform.

Proper publicity required for online business;

However, online business is not limited to just investing and selling products. There are many more things to follow when it comes to running a business. Online business has to keep in mind all the responsibilities of accepting orders from customers, delivering products or services on time, resolving any problems they may have, etc. Otherwise, your business will suffer due to poor reviews from buyers, in addition to the possibility of facing legal complications.

The specialty of online business compared to all other businesses is that such business can be done with very little investment and without special prior experience. And that's why the country's online business is growing on a large scale in this quarantine house arrest. So you can start an online business without wasting time sitting at home. What is the harm in gaining experience as well as additional income opportunities? Needless to say, the country's largest online business platform may be built in the future from this small initiative of yours.

Thanks to everyone for reading MY article


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Avatar for Jisan203
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Topics: Economics, 2020

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