The Internet gives small companies the ability to communicate as widely as larger companies.

The Internet - Small Business' New Friend

In this second half of a two part series on the effect that the Internet can have on a small business, we provide tips and strategies on implementing a Web-based sales presence.  We also introduce several very different Kentucky-based businesses that are taking advantage of the Internet to grow their operations. 

"In today's age of businesses, Internet technology has a huge impact on the marketing of your business.  As of March 31, 2006, there were 227,303,680 internet users just for North America alone," said Maranda L. Miller, C.E.O and Founder of From Dark to Light Designs, a high-quality technology company specializing in customized Web site and logo design.  "Just imagine how many of those users could be potential consumers for a company," she continues. 

Before venturing online however, Maranda suggests that her clients focus on three initial steps:  

  • Determine a budget. 
  • Determine what you want consumers to learn from your site. 
  • Decide whether to outsource or develop the site yourself.

"Granted, this all sounds like a lot of work.  However, a well-planned and well-designed site can return many times its cost," she concludes.

STEPS TO DEVELOPING AN ONLINE PRESENCE

1. UNDERSTAND THE GOAL(S) FOR YOUR SITE, KNOW WHAT YOUR OPTIONS ARE,  AND CREATE A PLAN

Building a successful Web site is similar to building a house-there are basics that you must begin with and issues that you must be aware of at each level.  If one level is not developed properly, the levels that follow will be left vulnerable.  Therefore, the goal for a Web site should be determined as early in the planning process as possible.

For further information, review these links:  

Picking the right domain name  

Search for domain name availability

Developing a business plan for an e-business

Sample business plan for an e-business

New rules for writing an e-business plan

Determining Web site goals

2. SITE DEVELOPMENT

Just as in buying a home, there are many options to be aware of when it comes to actual site development - each option with its own set of benefits and challenges.

Three options for creating a site are:

  • Build one from scratch
  • Rent a pre-fabricated site from a provider
  • Buy a ready made package

For further information, please review these links:

E-Commerce Tutorial

Should You Build Your Own Site?

3. SITE OPERATIONS

Security should be at the core of any strategic plan and can be provided by various implementations of cryptography, secure protocols, and digital certificates. The ability to accept and process credit card payments, e-checks, and even accept digital cash in a safe and secure environment is essential.

For further information, please review these links:

How to build a Web site: Getting paid

Adding plastic to your Web site

Developing Privacy and Security Policies

4. MARKETING, MARKETING, MARKETING

Having a well designed, safe and secure site is an important step, but to improve the chance of potential customers finding your site you need to market it.

For further information, please review these links: 

5 key mistakes online stores make

Components of a Web Site Marketing Campaign

Search engine submission tips

Online marketing basics

New strategies in online advertising

SUCCESS STORIES:

Courtesy of Connect Kentucky's KY120, here are some examples of small businesses doing great things with the internet.

Anything Groes-Oldham County

Uncle Lee's and Wing Supply-Muhlenberg County

Buggies Unlimited-Jessamine County

Data Futures-Harlan County


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INTERNATIONAL SPOTLIGHT

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INNOVATION AND TECHNOLOGY

SMALL BUSINESS NEWS

The Internet - Small Business' New Friend

The Kentucky Business Finder: Helping Kentucky's Small Businesses Find Opportunity

Did You Know? A Compilation of Small Business Statistics

UPCOMING EVENTS

Doing Business with China Seminar
July 17
Lexington, KY

Doing Business with China Seminar
July 18
Northern Kentucky

Doing Business with China Seminar
July 19
Louisville, KY

SEDC Automotive/Logistics Seminar
July 24-26
Louisville, KY

Kentucky Chamber Economic Summit & Annual Meeting
July 25-27
Louisville, KY

Lexington/Bluegrass Area Minority Business Expo
August 2-3
Lexington, KY

Kentucky Institute for Economic Development (KIED)
August 20-25
Lexington, KY

IEDC Business Retention & Expansion
September 8-9
Louisville, KY

IAMC Fall Professional Forum
September 30-October 4
Colonial Williamsburg, VA

Kentucky Labor-Management Conference
September 12-14
Kentucky Dam Village

KAED Annual Meeting
November 8-10
Bowling Green, KY

CoreNet Global Fall Summit
November 12-15
Orlando, FL

Contact the Cabinet for Economic Development:

Kentucky Cabinet for Economic Development
Old Capitol Annex
300 West Broadway
Frankfort, Kentucky 40601
800-626-2930
502-564-7140

© 2006 Kentucky Cabinet For Economic Development

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