Do you have a business plan for your website?

Hasa1015 Level 1

August 6, 2016, 11:20 am

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There are many people out there who have websites making passive income and I know that is what everyone strives to achieve, but there are also many people out there with websites that make much more time, attention, and planning.

There is a show called Dragons Den here in the UK (In short it is about people pitching their business asking for an investment from the 'Business Moguls')

One thing that seems to be important for a real world business, like a product manufacturer is having a good, well planned out business plan. I was wondering if there are any webmasters or website owners out there who have an actual business plan, just as if it was a real business. What I mean by this is maybe you have said, I want to have 100,000 monthly visitors by month 'xyz' and at 'x' income we will expand to blah blah blah.

This is a really interesting idea because personally I simply think in my head what I am going to do and I do not take much of a professionally approach to it.

Maybe this would be needed if a site has a physical office with a full team of workers who need to know what they are doing, and I am thinking of making one as I think it would motivate me to do more work.

So, what do you think? Is there a need to make a business plan? Have you made one?

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Everett

Everett

Of course, most of my websites have a business plan. In fact, I think all the websites I have created both in the present and in the past had business plans. I don't create a website for fun, or to not make money. If I am going to pay around $25 for a domain, and about $45 a year for hosting then I'm going to create a business plan so I don't have to fund it.

I think most websites should be funded via advertisements, or packages that either users or visitors can buy to help support the website. However, I also think if you can't afford to run a website you shouldn't have one. Seems a bit rude, but if you can't afford it then you'll be begging your visitors to donate, and that is not good business practice at all. I can understand why Wikipedia asks for donations but for a person to have a personal blog that they can not afford why would they even create it in the first place?

10 years ago

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Lynne

Lynne

Well I started off my business with a business plan and then my business grew but just not in the direction I wanted at all, for a while I tried to fight it and make my business go in the same direction my business plan set out.

It was a losing battle. I then just went with the flow and if something worked I went with that. Now 5 years later instead of having an online baby store I have a mommy blog and two other blogs.

I do think a business plan is a good idea, perhaps where I went wrong initially is that I knew literally nothing about working online when I set out. The only reason I think I am still going is because I was able to adapt and go with what was actually working for me.

I now don't have any plans at all set out. I am making a full time income and I write when I have something to write about. If something comes up that I would like to try I give it a go.

10 years ago

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ajlancer

ajlancer

Hi Hasa1015 thanks for your question. I do not know who do not plan for business based on website. I think everybody make website by concerning some business plan. Plan may different but ultimately all needs to earn something from website. I have some website too and all have different plan for making business. Though still I do not earn much money from each site. But I am sure with year or few years it will come as profitable business for me. Either why I need to pay domain and hosting charge. I think no need to convey such extra charge, if do not have business plan.

Regards by Ajlancer

10 years ago

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jackchun

jackchun

If I build a website, I will plan to make a business plan first and how to make money of around doubled of the costs of the hosting plan.

I decide to buy a hosting plan of around $5 per month using bitcoin. In the first place, I will build up the content first with popular niche in a free subdomain site and after buying a hosting plan (with at least 5 free sites allowed) , I will place my contents to my new site.

Firstly, I will plan to make money with Amazon associate affiliate program in one site, the other with some well known CPA programs. At least one site I will place some CPM programs to earn from advertising network.

9 years ago

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vinaya

vinaya

If you are already planning abouta self-hosted site why do you want to publish on free subdomain site? If you want to have a self-hosted site, don't waste your time with free site. launch your site immediately. Before you launch your site, have at least 5 articles ready, including contents for the pages like Privacy, about etc.
We of course want to make money from our website, however, before we monetize, we need to consider on SEO and generating traffic.

9 years ago

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Corzhens

Corzhens

Same here, I also would have a business plan when I put up my own blog. What I have now is a draft that the first step is to gain prominence in the social media. What for? So that when I launch my blog, there will be instant readers from my social media connections. And that continuous marketing has a style to follow because social media is volatile and dynamic so the promotion should be in stride with the trends. And if possible, I could find a way for my blog to be more profitable.

9 years ago

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vinaya

vinaya

I have a handful of blogs and websites. I have well-crafted business plans for my websites and blogs. I want to build traffic and drive sales. However, at this moment this is not happening. I set some of my websites for the sole purpose of flipping them and making quick money. sadly, I have not been able to sell my websites and paying for the domain renewal and hosting renewal is creating a financial burden for me.
having a business plan is not enough, you also need to execute your plan, Executing your plan is not enough, your plans should also work.

9 years ago

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