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tgosling Profile and Articles
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1). Internet Entrepreneurship: First Step, Getting Started
First steps: choosing the business
When I was thinking about starting an internet business there were a few things that were must have requirements.
The first one was that I needed to be able to get the business to profitability for less than $1600 (£100). In practice each site has cost more than that when you figure in the marketing costs needed to get it off the ground quickly.
2). Internet Entrepreneurship: Conversion Rates
The conversion rate is the key stat for a website. As long as you are paying for clicks, the efficiency with which you convert those clicks to sales is really the only measure that counts in determining your website design. When I started my UK silk tie website it took a while to get enough data to start tracking and conversion rate as you need at least ten sales to get any sort of statistically valid result.
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