U2 Fansite

U2 Fansite

We Have Set Out A List Of 10 Things All U2 Fansitees Should Be Considering.

Seven out of ten new U2 Fansitees go down within the first three years, and 33% of those do not get through the first six months. To give you a better chance of getting through we have compiled a list of the ten things you must do to ensure your U2 Fansite is successful.

  • Sole trader or limited company? The structure you decide upon will impact on the tax you pay and the level of legal and financial liability that you are exposed to. If you decide to be a sole trader you and your organization are, in effect, the same, whilst the assets and debts of a limited company belong to the company, which is a separate legal entity.

  • Define your target audience. Striving to sell everything to everybody will never work. You need to focus on your probable customers and all that you do, from your online store to your marketing campaigns, must engage them. Approaching your potential customers will also make them feel like they are valuable to you, will generate allegiance, and will boost the likelihood of them endorsing your goods and services to others.

  • Size up your U2 Fansitees competition. Which other businesses are providing the products and services that you are preparing to provide? What are their strengths and weaknesses when set side-by-side with your merchandise? By studying your competition you can benefit from their mistakes and also determine what their customers are looking for. You may also determine how much consumers will pay for what your business offers, as well as the way you can differentiate what you provide from your rivals.

  • Get your U2 Fansite noticed. There is no point in having an incredible idea if nobody knows about it; so how can you get seen? Without a generous marketing budget, begin small and plug away at developing relationships. Utilize social media and networking to begin developing a good image with not only prospective customers, but also local journalists, industry bloggers, possible suppliers, related businesses and your local chambers of commerce.

  • Create a website. Around half of small businesses do not have a web presence. Many would like one, but they think they cannot afford one or they do not possess the know-how to do it themselves. This may have been true a few years ago, but current web creation software means total novices can get a fully e-commerce website set up quickly.

  • Decide on your USP. Consumers will only stop buying from other companies, rather than yours, if you provide something better or different. Your Unique Sales Proposition explains what is special about your products, setting out what your customers cannot get somewhere else.

  • Work out and obtain the correct amount of funding. In a perfect world you would have plenty of cash to self-fund the opening of your new venture, but, for the majority of people, that is not really an option. Instead you can approach friends and family to see if they may be willing to help, or you could try obtaining a business loan or hunt for a financier. You should also find out if grants are available for your company.

  • Write your U2 Fansite Business Plan. Great U2 Fansitees were planned that way. This is your chance to verify that every aspect of the business will work properly and is realistic. If it is not, should you really go ahead?

  • Decide how your U2 Fansite will sell to its customers. What is the businesses route to market? Think about all your opportunities, from market stall to eBay shop to mail order, to retail unit or stand, to picking up sales at networking events or on facebook and twitter, to emailing campaigns or joint ventures or simply advertising via Google Adwords.

  • Decide when you should open your U2 Fansite. You are prepared to start your business but do not be too quick to give up your present job. The cash will be useful in the short-term, as it could be expedient to start putting together your new venture out-of-hours, and then make the big jump once your organization can support you and is truly ready for your undivided attention.

When you need to make decisions in respect of your organization you must stop and think over the following points:

  • Is this an appropriate decision for me and my U2 Fansite?

  • What effect will this decision have on each section of the U2 Fansite?

  • What will the decision cost and where will the money come from?

  • If there is not sufficient cash in your budget, what will you forego and how will that change your U2 Fansite?

  • Are these decisions reflected in your U2 Fansite Business Plan?

There are a great deal of questions you should ask yourself about the decisions you will have to take. Making these choices when you are pressured can lead to a disaster but utilizing an imaginative U2 Fansite Business Plan means your decisions are far easier.

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