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Managing your business on the web

       Business Management


Date Published: March 2010

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Small business owners can no longer afford to ignore the power of the internet. From marketing your product to meeting prospective clients, the web is an invaluable promotional tool. Here´s how to make the most of it.

Marketing: One of the most effective ways for small business owners to employ the internet is through using it to market their brand. Email marketing is a great place to start – although make sure you avoid spamming by only targeting those who have willingly signed up. A good website will also attract customers and help to establish your brand. Once your website is up and running, consider learning about techniques that will help push your company up the Google rankings.   

Networking: ´It´s not what you know, it´s who you know´ is a phrase that still rings true in today´s climate – but now it´s your virtual acquaintances who really matter. Using networking sites such as Facebook and LinkedIn can help you to connect with people who might be interested in engaging your services, as well as being a great source of tips and advice. Set up accounts on the top professional networking sites and spend a few minutes each day expanding your connections.  

Sales: If you´re selling a product or a service, it may be possible to find customers over the internet – in fact, many stores now operate purely online. Use web marketplaces such as eBay to sell your products, and save on the expense and hassle of operating a high-street store.  

Banking: Internet banking is quicker and easier than going into your local branch, and it can save you money on business charges. You can use the net to pay bills, set up direct debits and view incoming payments to your current account, as well as managing business and personal savings accounts. Some providers, such as Legal & General, allow you to open an investment account online, and an ISA is a great way to keep the tax man from your savings. This way you can establish and control your business finances from the comfort of your own office.

Buying: Finally, it´s often cheaper to make your business purchases online. Mobile phone providers, insurance companies, stationary outlets and banks offer special online deals; and price comparison sites will help you to find the best bargains. Not only will the internet help you attract clients and market your services - it can also save your business money.

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