The configuration of commercial loans in UK has set ablaze the curiosity among the business persons of UK to pick up more information and knowledge for a quick approval. This can be noticed because business professional are deriving rewarding results from the objectives subtly fused in the commercial loans in UK. Commercial loans in UK with elevated and high esteem policies are oriented to aid entrepreneurs monetarily corresponding to the investments necessary for any business activities. Being a colonial state from many decades UK has been facing challenges to keep alive its colonial culture against the tide of time, and for such reasons commercial loans in UK have manipulated schemes to prop the fresh and existing business ideas.With the sole aim to make it popular and easy to access by applicants, commercial loans in UK are bisected into secured and unsecured forms. Both fractions, secured and unsecured, provide the flow of amount with or without pledging collateral respectively, making it affordable and according to ones ability. Taking into consideration the use of collateral and the equity it carries, the loan amount is approved. The released finance can be used for multiple purposes and by paying interest rates for a single amount. In the numbers of the numerous demands, few are cited as, purchasing commercial sites, equipments, machineries, renovation of office etc. Commercial loans in UK are offered with both short and elongated reimbursement terms depending upon factors like use of collateral, loan amount, rate of interest and monthly installments return. All the privileges of commercial loans are unleashed without discrimination and if applicants fill the candidature with accurate details of credit and personal history.Depicted with rational policies and sparing the headache commercial loans in UK are now made available through the online application. The business professionals can also dub the funds of commercial loans in UK or buy shares and stocks of the companies which seem to yield profit. So, it is a great relief to the individuals who are hatching their desires and ideas to set business and also an opportunity for those who are looking for an external fiscal support to expand their business to their expected horizon.

MODULE 1 CHAPTER 10 1.0 HOW TO TAKE YOUR BRICK AND MORTAR BUSINESS ONLINE2.0 INTRODUCTION3.0 OBJECTIVESMAIN CONTENT3.1 The Future is Here3.2 Approaches to eCommerce3.3 Using Experts3.4 The Process3.5 Other Considerations3.6 Do It Yourself (DIY) Plan4.0 CONCLUSION5.0 SUMMARY6.0 ASSIGNMENT

INTRODUCTION

This article is about how you can take your physical business online using Experts or how you can do so all by yourself.

OBJECTIVES

To emphasize the urgency of setting up one’s physical business on the Internet

To discuss ways a physical business can be set up online

To point out the easiest way to start as a beginner

MAIN CONTENT

3.1 The Future is HereBill Gates once said that in the future there will be two classes of business – namely, those that are online and those that are no more existing. The current trends in business cycles are proving this to be true with every passing day.More businesses are going online and increasing their profitability while those that cannot read this handwritings on the wall are losing customers, profits and depressed bottom-line, to them, on a very rapid rate.Thus the next wise thing for any business owner to do is to think twice… on how to get his business online as soon as possible.3.2 Approaches to eCommerceThere are 3 approaches to taking your current Offline Business online namely:a) You can set up a self-hosted website and sell your merchandise using phone, web chats (as in Yahoo/Facebook chats) or payment processor, all run by yourself.b) You may otherwise want to use other companies to sell your products globally for you – you only source and supply the goods to them e.g. FBA that I will discuss below, orc) You may wish to enrich your merchandise by just linking your own website to so many others and also helping them to sell their goods as affiliates while also making commissions for yourself. This is possible with eBay, Amazon and most sites selling similar product in your own market niche.For most beginners, doing this by yourself is generally out of the way because of the vast technological background knowledge that may be needed to guarantee profitability.Even though nowadays, software is impressively bridging the gap, and levelling the ground to make ecommerce almost an all-comers affairs, yet, it may be quite a breath-taking experience to cover the learning curve. I will also talk briefly on this again later.3.3 Using ExpertsThere are so many companies who are more than willing to help you set up your business on the internet.You can check on the following websites to find out things for yourself as their requirement are different: ecwid- very good if you want to sell on multi-channel: Vend, eBay, Facebook, Amazon, Square, Instagram, etc.rakutenJetEtsyAMZhelp- they can do all the technical work for you on a fee.soldsienordstromfiverryou can also find gigs who can do it for you here.3.4 The ProcessIn case you want to start with Amazon, the program for handling this is called Fulfilment By Amazon (FBA). You may wish to check their website for full and updated details.But as is at Amazon, so also is the case in most of the websites, you need to do the following, preparatory to approaching them for this business:a) Prepare a catalogue database of all your productsb) Take and store cute multidimensional pictures of all your productsc) List your products on their website e.g. Amazond) List your product in many other marketplaces: eBay, rakuten, etsy, ecwid, jet, Newegg, Konga, Kaymu, DealDey, etc.e) Integrate an inventory management system – this will enable you to tract your goods across the various sites so that you do not run out of stock. STITCH LABS is a very good place to do this.f) Create your own hosted store. This is where you display photos of all your merchandise. Using Shopify is a very good idea.g) Send your inventory to Amazon FBA storehouses.h) Amazon usually have very strict specifications on packaging, labelling, etc. Companies like stitchlabs can help you with meeting Amazon standards.You can also search this phrase in quote for more details: ‘Labelling and Packaging Products for Amazon FBA – FBA Prep’I) Barcoding: do not forget that each unit of product sold at Amazon and most online sites must have a barcode.Bar code is a kind of universal product label like the one shown below that you see on every product sold in the global market:This site will help you if you check on them:http://www.computalabel.com/aboutupc.htmj) Get someone to review your products on your site – this can cause your sales to shoot up.3.5 Other ConsiderationsTraffic: consider using free traffic initially and paid traffic as soon as possible to bring eyeballs to your website. When using paid traffic, never forget to tract your conversions and measure profitability so that you won’t burn out your budget too fast.Tracking inventory levels across all channels: stitch labs can do this for you at a fee.Integrate your offline and online store: this will increase your profitability and ensure that you do not lose your customers to others as they go shopping online.You can simply do so by hanging the address of your website over the lintel of your brick-and-mortar business.Analyzing your virtual store performance regularly:Check your sales, conversion, non-performing goods, etc. so that you won’t put too much of your working capital in non-performing inventories.Do not forget to use social media, email marketing and text messages: these are very simple but highly profitable ways to market your business, use them on regularly basis.If all these seems like too much work for you, then I will suggest you hand it all over to the geeks, any of the aforementioned companies can do a niece job for you at a fee.3.6 Do It Yourself (DIY) PlanAlternatively, you can still go ahead and do it all by yourself, read through this guide for full details on how to do so, search ‘profiles woothemes’.Start from ‘About’ and learn all you need to run your website by yourself.Though this may steepen your learning curve, but you can start there to learn the ropes.

CONCLUSION

It is advisable to find ways to take your current physical business (if any) online if you want to remain profitable on a long-term. Doing so is very easy these days as highlighted in this discussion.

SUMMARY

Your physical business can go online in 3 ways, those ways were the center-piece of our discussion in this ecourse.

ASSIGNMENT

Go to Fiverr and post your job if you want to take your current physical business online. Gigs will respond and you start negotiation.You can also use other websites like Rakuten, Etsy, etc., as listed above.

Yes, it is true. You can make money online working from home and can actually make a lot of money if you work hard, stay focused and execute. You can build a home travel business and live the Internet lifestyle you always dreamed of by operating an online home travel business. This article will put to rest any misgivings you may have had about starting an online travel business. I will not sugar coat it. In fact much of what I have to say will probably cause an up-roar in some parts of the online travel industry. I am aiming to tell it like it is.The TRUTH!Who really Makes Money in Online Travel. The truth is that you can’t really make a lot of money reselling other businesses travel products. This statement is directed towards the home-based travel agent market. Yes, its easy to get started as a home-based travel agent and the online travel agencies can provide you with your own personalized white label branded website, including quality customer support but in the end you are NOT building a business, you are only paying yourself a salary.Don’t be fooled.I am amazed at the amount of junk that there is online out there catering to the make money online from home crowd, touting selling travel as the route to freedom and riches. This truth is probably the most important fact anyone will ever tell you if you are just thinking about entering the online travel business. Let me repeat this for you one more time.It is difficult to become rich and build a company reselling other companies travel products. You can become rich over time by building a business that sells your own uniquely branded travel products. You can get rich and build a business if you “own the travel product.”Owning the travel product means that you are contracting directly with travel suppliers under your company’s own contracts, you are not just reselling a travel product owned by another travel business, tour operator, travel agency or travel consolidator. Your business creates the travel product by doing deals directly with travel suppliers. Your contracts with the travel suppliers become your businesses own unique inventory for the travel products you will be selling. The new travel product becomes your own brand. Your online travel business sells the travel product directly to consumers online or wholesales it too other travel agencies, travel agents, tour operators and resellers.The Home based Travel Agent Dilemma.I know I am opening up a can of worms here by disclosing this information but it’s really the truth. My intent is not to knock anyone down but to provide insight into how the online travel business really works and to show you WHO is really making the money and how you can make real money by deciding from the get go to actually build a business.Yes, if you want to make $20,000-$50,000 working from home then reselling cruises or popular travel products will be the best option for you but if you want to make real money, six or seven figures and you want to build a business that has real tangible value and can be sold later then you need to develop and sell your own travel products.The Internet is NOT causing Travel Agencies too shut down.I believe that the main reason that brick and mortar travel agencies are closing is not because of the Internet but because all they are really doing is reselling other companies travel products. The Internet contributed to the destruction of the traditional brick and mortar travel agency but the biggest factor in the down fall of travel agencies and travel agents in the travel industry is due to the fact that they are not selling anything unique or different from anyone else. It’s really a business model established to fail in the long run.How do you own your own travel product? You can own your own travel product in two different ways.1. Your business acts as a travel supplier providing tours, guiding, travel and tourism related activities or you own a lodging property.2. Your business partners with two or more travel suppliers to resell their individual travel products under a unique package that you own.What type of Online Travel Business do I need to start where I can own my own travel product, sell packages and build a real business?-Online Travel Agency-Online Tour Operator-Online Tour Guide-Online Travel Broker-Receptive Tour Operator-the HybridLet’s discuss a little about each type. There are many directions you can go.OTAs or Online Travel Agencies traditionally sell everything underneath the sun; including lodging, air, cars, vacation packages, and much more. On a hierarchy level of all online travel businesses, this would be the most expensive and most challenging type of online business to start. It’s doable don’t get me wrong it would just take much longer and be more expensive to startup.If you second tier niche and focus on contracting your own lodging deals and contracting with activity suppliers you could easily build a smaller more focused OTA. Another option would be for you to utilize the Global Distribution System (GDS) for air, car and for lodging that you could not contract yourself. I don’t recommend this last option as you’ll be just reselling product you don’t own but as long as you can combine the non-owned GDS products with your own contracted travel products you could create a nice win-win for the bottom line.Online Tour Operator’s sell dynamically packaged trips and pre-packaged trips to vacationers. I believe building an online tour operator business is your best option at building a successful online travel business.Now let me first state that the name is a little miss conceiving because of the word “Tour.” There is a big difference from a tour and a trip. On a tour there usually is a tour guide or person leading the tour with the travel participants. On a trip the traveler is traveling by themselves or with other people but there is no tour guide involved. In the travel business they call this a FIT trip, Drive vacation or Fly-Drive package.I favor selling trips, where the traveler buys a tour or trip product then attends the trip by themselves on their own time. The reason being for this is two parts.1. You don’t have to be the tour guide and you don’t have to hire one either.2. You have 100% more freedom by not actually participating in the tour itself. Just think of the time involved of actually going on a tour with a group or individual people.We operated tours when my wife and I owned the Yellow Breeches House Fly Fishing Lodge and B&B. We ran fly fishing excursions with lodging and guiding. Guess who was one of the guides? Yes, you got it. Yours truly. I would not change the past for anything. I learned so much from being a fly fishing guide and owning a lodging property. I just wouldn’t want to run that type of business again. There are much better travel business models out there. That’s part of the beauty about this report is that I am able to share some true life, realities for you.Sell Trips not Tours. This is the most important thing I can tell you regarding wanting to live the Internet life style and working from home enjoying the freedom that comes from owning your own online travel company. You won’t be living any Internet lifestyle if every week you are giving tours.Online Tour Guide’s provide tours to individuals and or groups. If I didn’t scare you off from above that’s ok, the tour guide business is a great business and it’s easy to get started with limited investment. This is a great business to enter the travel business and starting learning about how to build a business.If you love dealing with people and spending much of your time outside then this is probably the best travel business for you. This is serious work, day-in-and-day-out, as you are always outside in the elements. This travel business could be a stepping-stone for you to then go ahead and build an online tour operator business. I have a really good friend that owns a kayaking guide service. He runs eco-adventures that include island hoping for three to five nights. He just loves it.Let me share a little strategy with you that will totally change the way you build or grow your existing tour guide business. Hopefully by now you’ll already see it and be way ahead of me but if not here it is.Create packages for your tour guide business that includes lodging, meals and your guide or tour service. You probably sell trips, guiding and or tours as an hourly or day product. Take the next step and package in lodging and meals and maybe a third activity. Sell packages to your clients and you will super-charge your revenue in a very big way.Example:Take an existing kayak guide that sells day trips for $250 for 2 people. Now create overnight packages. Create a new product line for your business.1. Contract with a lodging supplier to buy lodging for your kayak packages.2. Contract with two local restaurants to buy dinners for your kayak packages.3. Sell a 2 night, 1-day kayak excursion, with 2-dinners. Make money off the lodging, dinners and a 3rd activity and you can seriously start adding more profits to your business.Online Travel Broker – this is a new business category I stumbled upon. I believe this is a type of business you could start with literally no money. It’s just a matter of understanding the travel business. Here is how an online travel broker operates.Every travel supplier needs sales representatives. Your travel broker business contracts with travel suppliers to represent their business and help them sell more of their travel products. Many smaller travel businesses don’t have sales representatives. This may be your entry into the online travel business industry.Let’s say you live in a resort town or area and there are 4 golf courses nearby or 3 ski resorts. You represent the travel supplier’s products, finding larger partners and or resellers that would resell or distribute your client’s products. This business is just a matter of finding other travel suppliers that need sales representatives and finding larger companies looking for new travel products to sell and distribute. You make money by earning a percentage of all future sales booked or earn a flat fee per contract you sign. This would be a great way to enter the travel business as a part-time business. You could start with not much investment and build out slowly.Receptive Tour Operators receive inbound travelers from foreign countries. This is a B2B business (business-to-business). You build an Online Tour Operator business but you don’t sell your travel products directly to consumers or vacationers online, you sell your owned travel products to wholesalers or other tour operators in foreign countries that then resell them directly to travel agencies and the consumers in their country. If you live in a world- renowned destination area or region where foreigners come visit you can build a successful receptive tour operator business. The receptive tour operator business takes longer to develop as the buyers of your travel products will be other travel companies, tour operators and seasoned travel business won’t necessarily want to do business with a company that is new or just in startup mode. Adversity can be overcome though, through focus, determination and having an owned travel product that a wholesaler or foreign tour operator believes he can sell and make money.The Hybrid – build an Online Tour Operator business that caters to individual vacation travelers. After the business starts selling trips and or tours, start building a Receptive Tour Operator business component.I hope you have enjoyed a little insight into the world and possibilities of the online travel business and what it will take to start a home travel business.