For Things That Sell

  I learned that sole proprietorship legal structure is easier to keep records for, because there's less to keep track of. There are also no corporate business taxes involved, because they are not a corporation. This structure is best for people who want to start small, but if they ever decide to expand their business or join their business with someone else they would have to consider a different legal structure, such as a partnership. I have learned that it is important to keep track of taxes. When keeping records having an accountant will help to keep you accountable. Honesty goes a long way even though there are some laws that make things hard. With continuing to be honest you save yourself from having fraud. It is better to get someone paid to do the paperwork so that things turn out right. I think that sole proprietorship is the way for me currently until further notice.

 Some things that stood out to me during this week’s lesson about site design was that taking away distractions from a web page is very important. As users can easily be distracted by the slightest thing, they find unusual. If the color scheme does not go well it might drive some customers away. Depending on what colors you use you can influence your customer's emotions and encourage them to do what you want.   I learned having a white background is the best because it can keep users focused on the item which I know is the paramount reason why the site the page built. Cutting all or limiting distraction on a web page is very key to a successful business. I also learned that having a drop-drown on a site will helps give users more options to choose from.  Also including feedback section on my site would be important because I will give people the avenue to directly express their grievances and their displeasure and suggestions on how to satisfy them.

 This week has been very challenging due to a technical issues the it department face. I was not able to submit some assignments which I had done on time but I learned some interesting things about hosting a site. I learned that in choosing a host site for my web business site I need to consider if the site is user friendly, if there is a 24 hours 7 days tech support in case I am facing some challenges. I learned that I have to consider the pricing too so I can  know which subscription I could afford. I realized in my research that some hosts provide very little support for a higher fees whiles others provides a very good service for a very moderate fee. It will mostly depend on on'e budget and  what they want to be offered by a host. A lot of research must be done on it before  a host site is chosen.

 This week I learned that to start small one has to be mindful of the way they would like their products to be sold. selling products as a new business can often be challenge especially if it is a new product. This is because nobody is really familiar with the brand.People become hesitant to buy something they have not tried before.  I have learn that affiliate marketing and drop shipping all have their disadvantages, but as a small business it is better to start with drop shipping. I come to the conclusion of this because affiliate marketing takes time to build a market audience or even the credibility. While with drop shipping the company already has the market base and the customers readily to patronize the goods.

  This week I have learned a great deal and out of the things that i learned, a few things stood out to me which I would like to jot down as a way of preservation for the shortest pencil is better than the longest memory. I have learned that little or no competition is a big room for a business to explore with little finances. As little competition will not make a business spend much on Ad promotions.  I also learned that there is no growth in the comfort zone, and so no competition can also make a business not explore their greatest potentials. It will make them feel comfortable and there would not be much earnings or growth. Competition stretches a business to think out of the box, and be more creative and innovative. Hence, it is better to spend a few or more money for promotions and Ads than settling for less.