Web Business Creation
This week I learned about how important it is to consider all your options before starting your business. Not only do you need to consider different business models, but depending on the model you end up going with, you will have a LOT more options to consider. If you become a retailer, you need to decide who you will purchase your products from. If you were to go with affiliate marketing, you need to decide what companies you want purchasing ad space on your website. Something I've realized is that I like small businesses, keeping the product in my own hands. I like being able to create the product so that I have total control over the end result. I don't think I would be a very good retailer, unless I was able to source my products from either a reliable and well known company, OR another small business that I could work with. Here in Rexburg at the nail salon I go to, she sells products from other small businesses nearby- she has scrunchies, hair clips, and chapstick that she buys from these businesses and then sells. I think that's a good way to go about it, as you have easy access to the product and can form networking relationships within the community. However, with E-Commerce, a storefront focused around local businesses isn't the most feasible or smart. The more I think about my business for this class, the more I realize how INTENTIONAL my choices need to be.
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