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.

The first of 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.

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.

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.

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.