DIDEA #1 - Build A Solid Business Foundation

Examples of website business models are:
Many people dream of someday owning their own business and I suspect, before the advent of the internet chances are that is where it would stay, a dream. Enter the internet, with now more than a trillion websites up, with running and the vast majority of them is owned by one of those dreamers bring the dream much closer to reality than a dream. Then one day you awake from that dream and decided to dive head first into making your dream a reality. Wait! Before you get started we at LOMAYWA assimilated thirteen online business ideas which we believe could be helpful in the development of any online business.

Affiliate Marketing
Your business is based on marketing other people’s products and services.

Content/Niche
Your business is based on specific areas of interest, such as wood working, media, music, news or video.

Coupons/Deals
Your business is based on offering coupons and deals to your customers.

Shopping
Your business is based on shopping. Shopping sites can be thought of as a virtual mall. The consumer can shop for various products and brands without leaving the site.

Loyalty/Rewards
Your business is based on giving points, donations, or other rewards for purchasing at designated merchants. Rewards could be cash, airline miles, credit card points, or a percent of sale given to a charity.

Search
Your business is based on someone searching for something using search engine marketing (SEO) weather it is organic or PPC.

Price Comparison
Your business is based on comparing prices before a purchase is made.

Social Shopping
Your business combines user recommendations, reviews, lists, and other social features.

User Generated
Your business is based on communities, forums, and social networks.

Other
Your business does something other than defined in the categories above.

If you need assistance to develop your Business Model we make available on this website access to Business Modeling tools  as well as, business and marketing toll that will enable the development of a successful online business for your convenience  It is important that time is spent to build a solid foundation under the business so that it will grow and thrive for years to come.

Affiliate Marketing is a good way to start your own business online quickly, easily and inexpensively.  With low startup cost, minimal risk and the simple concept of getting paid to sell other peoples products and services, you are provided the opportunity to make money online while you take the time to clearly define your online business model. 
The 13 simple online business ideas we present on our website could determine whether you will turn a worm and fuzzy dream of having your own successful online business into reality or you realize you were just having the same old dream. Allow us to suggest that you clearly clearly define your business model and commit to making it a success by using business modeling tools that provide a business model canvas to identify any gaps in your ideas that will prevent you from creating a viable web business model. Then develop a business plan that will facilitate the business model functions you identified. Your Business Model should encompass everything it takes to operate your business and for your business to generate revenue.

Clearly Define Your Business Model 

It is important to know that a Business Model and a Business Plan are two distinctly different things. A Business Model encompasses everything it takes to operate a business and for that business to generate revenue. Whereas, a Business Plan detail how the business will implement the functions the business modeling has identified. Business Modeling Tools will assist you to clearly and completely develop and define the concepts of your Business Model and integrate the functions.
We at LOMAYWA believe using a proven business modeling tool to clearly define your business model then use an effective business plan template and plot your business development strategy then watch as your online business ideas become real. We content, that those are the two most important initial steps any business should take to successfully develop their business, new or improvement. How you define your business model depends on the product or service you plan to engage in. Take the time to get a clear picture of: What, Why, Whom and How you plan to sell it. If you are able to get a clear picture of these 4 things in your mind, verbalize them and be able to document them you have started the process to clearly define your business model, one that will be the most suitable for you to achieve your goals.

Define Your Business Model using Business Model Definition Tools will enable you to develop the details of how the different areas of your business will work together and identify any gaps in the functions.

Create A Business Plan
You can edit text on your website by double clicking on a text box on your website. Alternatively, when you select a text box a settings menu will appear. Selecting 'Edit Text' from this menu will also allow you to edit the text within this text box. Remember to keep your wording friendly, approachable and easy to understand as if you were talking to your customer