The Education Foundation

THE NATIONAL STOCK EXCHANGE OF INDIA (NSE)

Located in India’s financial capital Mumbai, the National Stock Exchange (NSE) is the third largest stock exchange in the world. During 31 December 2005, NSE VSAT terminals, 2799 in total, were spanning across 320 cities of India.

The NSE has been a podium for securities exchange for 14 years now! Thousand member strong, NSE provides dealing of different securities, some of them being equity, corporate debt, certificate of deposit, commercial paper, and central and state government securities. National Securities Clearing Corporation, India Index Services and Products, National Securities Depository, and NSE-IT (trading technology) are the associates of NSE. Owner of diverse financial and insurance establishments, NSE can be broadly divided into three segments:



Wholesale debt

Capital market (automatic screen-based dealing system)

Futures and options (derivatives)



 

GENESIS OF NSE

It all began 16 years back, in November 1992, when the NSE was integrated as a tax-paying company. In April 1993, NSE was given the status of a stock exchange under the Securities Contract (Regulations) Act of 1956. A year later, in June 1994, NSE began operations in the Wholesale Debt Market (WDM), and in November that year, the Capital Market (Equities) Segment of the NSE began operations. Two years hence, in 1996, NSE became the first exchange in India to trade derivatives specifically on an equity index. In the new millennium, NSE began Indian Internet Online trading system. Today the NSE deals in online examinations and award certification. Comprising branches all over India, NSE introduced India’s first clearing corporation (National Securities Clearing Corporation Ltd.) and India’s first depository (National Securities Depository Ltd.). NSE is India’s earliest national, anonymous, electronic limit order book (LOB) exchange that deals with securities.

MARKET INDICES

NSE established an index services firm called IISL – India Index Services and products Ltd. – and opened numerous stock indices, including:



S&P CNX Nifty

CNX Nifty Junior

CNX 100 (this is the total of S&P CNX Nifty and CNX Nifty Junior)

S&P CNX 500 (this is equal to CNX 100 plus 400 major players across 72 industries)

CNX Midcap (this replaced CNX Midcap 200 on 18 July 2005)



 

The other NSE Indices are:



S&P CNX Defty

CNX IT

Bank IT



 

MARKET CAPITALISATION

Currently, NSE has four important capital market segments:



Equity

Futures and Options

Retail Debt Market

Wholesale Debt Market



 

MAJOR COMPANIES OF NSE

The major companies listed with the NSE are:



Asian paints

Dabur

Glaxo

Escorts

Hindustan Lever

Bank of Baroda

Infosys technologies

ONGC

Hero Honda

Jet Airways



 

The top investors of NSE are:



Corporation Bank



ITC

MTNL

ICICI Bank

Grasim

Biocon

Maruti

HDFC Bank

Cipla

Federal Bank



 

LOCATION OF NSE

National Stock Exchange of India Ltd.

Exchange Plaza

Plot No. C/1, G Block

Bandra-Kurla Complex

Bandra (E)

Mumbai 400051

BOMBAY STOCK EXCHANGE (BSE)

Having its headquarters in Mumbai, the BSE SENSEX is the stock index or SENSitive indEX of the BSE. The oldest stock exchange of Asia, the BSE SENSEX, also known as BSE 30, is the focal stock index of India. There are 4800 companies listed with the BSE. As of July 2007, the total equity market capitalization of the Bombay Stock Exchange was US$ 1.005 trillion. The Singapore Exchange has become an alliance of BSE by acquiring a strategic investment in the BSE.

GENESIS OF BSE

Way back in 1986, the BSE introduced the stock index that eventually became the most important stock index of the country. The SENSEX was based on market-capitalisation-weighted method and included stocks of some of the top financial houses. Noted financial analyst and columnist, Mr. Deepak Mohoni in the year 1990, introduced the term “BSE SENSEX” which is an acronym for Bombay Stock Exchange SENSitive indEX. Since September 2003, the SENSEX is measured on the method of free-float capitalisation.

MARKET INDICES

Apart from maintaining the BSE SENSEX, the Bombay Stock Exchange also maintains stock indices like:



SENSEX

MIDCAP

SMLCAP

BSE-100

BSE-200

BSE-500



 

The BSE gives information on the price, charting, announcements, company contact, shareholding pattern and results of the companies that are enlisted in the exchange. The Board of Directors, encompassing eminent financial professionals, Managing Director of the exchange, and the representatives of the Trading Members, maintain the overall functionality of the exchange.

BSE also gives the Beta value of the SENSEX Scrips, Beta being calculated by the formula: Beta = Co-Variance (SENSEX, Stock)/Variance (SENSEX).

While listing securities that may be from public limited companies, central government, state governments or other financial institutions, there are certain objectives followed by the BSE:



Protect the interest of the investors by giving full disclosures

Provide liquidity to securities

Mobilise savings to enable economic development



 

BSE SENSEX OVERVIEW

The BSE SENSEX comprises thirty stocks and is a value-weighted index. The stocks listed here are the most active stocks on the BSE. The BSE SENSEX has a base value of 100. The relevant authorities update BSE SENSEX and in the process inspect and change the SENSEX, the underlying idea being that the SENSEX represents the prevailing market condition.

BSE PERFORMANCE

Since June 1990, the BSE Index has been increasing ten-fold. As per the data available, since April 1979, the long run rate of return on the BSE SENSEX has been at almost 0.52% every week, with the rate of standard deviation being almost 3.67%. The returns thus have been 27% per year. However after inflation, the figure has come down to 18% per year.

BSE COMPANIES

Given below is a catalogue of stocks listed in the BSE:



Wipro

ACC

ITC Limited

Bajaj Auto

Larsen & Tourbo

BHEL

Maruti Udyog

Bharti Airtel

NTPC

Cipla

ONGC

Dr. Reddy’s Laboratories

Ranbaxy Laboratories

Grasim Industries

Reliance Communications

Gujarat Ambuja Cements

Reliance Energy

HDFC

Reliance Industries

HDFC Bank

Satyam Computer Services

Hero Honda Motors

State Bank of India

Hindalco Industries

Tata Consultancy Services

Hindustan Lever Limited

Tata Motors

ICICI Bank

Tata Steel

Infosys

Math tutorial can acts as an interactive internet learning tool, especially in helping an individual’s effective mastery of math. It is an innovative approach that has been proven to be convenient and efficient.

Math tutorial refines the skills and visualizes mathematical concepts with greater understanding. The program offers animated lessons and worksheets in order to help learn math the conventional way. Tutorials maintain children’s interest while leaving out the fear of computing. Online learning is also a reliable form of a parent’s assistance in home schooling.

How it works

Online tutorial begins while planning the program and tackling about the skills needed by a person. A diagnostic test will determine the strength and learning styles of a person. The tutor will then customize a study program in order to match the student’s learning capabilities.

They will create materials and instructions over the net. Learning skills will then move up into a higher level after every scheduled session. Hence, answering questions and giving explanations are most effective way of learning interaction.

A one-on-one chat with the use of instant messaging and interactive whiteboard can be used to support visuals for in-depth teaching, especially done by most online teachers. After each lesson, printable worksheets and computer-generated quizzes are answered so as to show how a person can easily understand the subject. Tutoring plans require a person to study at least several hours a week.

Online tutorials also offer mind boggling educational math games for kids. This is usually done after the formal study program. Game interactions with the use of computers, playing an important part in enhancing a child’s logical thinking.

What to offer

Various sites offer free demos to interested individuals who want to avail of the tutorial. This would include the following:

• Educational resources

• Fun teaching activities

• Games

• Online Solvers and Graphing tools

• Metric Conversions

• Lesson Plan Guide

• Review notes to professionals.

• Articles about Math and Education

• Study Tips

Advantages

An online Math tutorial offers the following:

• One-on-one tutorial sessions.

• Focused attention in studying.

• Interactive visuals and animations while learning.

• Sense stimulation using computer screen, headset and digital writing pad.

• Help in solving homework problems.

• Support centers for reviews and references.

Most sites offer math resources that you can choose from. Here are a few:

Elementary

• Addition and Subtraction

• Place Value

• Clock

• Money

• Multiplication and Division

• Math Facts

• Four Operations

• Number Theory and Factoring

Middle and High level

• Geometry

• Decimals

• Percentage

• Integers

• Graphs, Statistics and Probability

• Algebra, Trigonometry

• Calculus

All Levels

• Problem Solving and projects

• Logic Proof

• Math History, Games

• Reviews

• Math Curricula

Finding a Credible Math Tutorial Company

Searching for the perfect math tutor usually takes time. Parents should be aware who owns or manages these companies. Professional educators must be capable enough to handle any given situation.

Make sure you take some time in scanning the site and checking how correct and updated their information is. Some of the online tutorials includes: SOS Math, World of Math, Tutorzilla, TCY, PREGED, MathPlayground, Teacher’s Lab and many others.

At current, children can burden hating math and doing better in school because of math tutorials. Even various online sites can provide extra so as to help make studying more convenient and easy. Parents and children should also practice discipline and commitment, especially in maximizing the benefits of these tutorials. Most modern parents who work at home may even help their siblings and basically introduce them to the importance of high tech learning.

Math tutorial done online is more economical. You get to spend as much as $30 per hour as compared to having a private tutor. This can help your kids acquire better grades and to excel more in Math.

Rich Parents please apply here!

The best way to make money is, to be born with very rich parents who don’t let you know how rich they are until you’re old enough to want to invest the money they give you instead of spend it!

And if anyone knows of some very rich parents who would be pleased to adopt a middle-aged orphan, who would be more than happy with a couple of million dollars, please let me know!

So, unfortunately, we are looking for the second best way to make money!

Get online!

Why?

Reason 1… I love it…As long as I have a good connection to the internet I can live and work anywhere in the world. I love it, too, ‘cos I make money 24/7 even while I’m asleep. If I decide to take the day off and go to the beach I can. Indeed, in some parts of the world I can be on the beach ‘working’ on my laptop via a WiFi internet link and still be making money.

Reason 2… Anyone can do it. All the resources you need are already online. There are e-courses, online tutorials and ebook PDF’s with the information you need to start your own online business. Even if you don’t have your own product you can become an affiliate and sell someone else’s. You can get well qualified techies to do the tricky programming stuff for you through services like Elance.com and you don’t need school diplomas, university degrees or years of business experience to be successful.

Reason 3… The sky’s the limit. How much do you want to earn? If you succeed in cracking the code your life could take a definite turn for the better. It really is possible. Ordinary people are making extra-ordinary profits in record time by applying basic business principles and putting in the work.

Dont forget the upside…

Yes, it does take effort. It takes time and you do have to work at it. But your potential upside is enormous. A really popular Ebook can make you millions. A popular membership site can earn you as much every month as most people earn in a year. And being NEW to E-business is no disadvantage. Fresh ideas and new approaches often do well in a business environment that is constantly changing.

Lucky Kids…

If you follow your dream and find your own second best way to make money it may be YOUR children who will benefit by being able to have the very BEST way to make money. Just try to make sure they invest and not spend… or your grandchildren will be back to square one!

It is true that golf needs to be practiced out on the field on a golf course. It is also true however, that you can find a lot of tips and tricks on the Internet. There are many who argue that a golf lesson on the web is a waste of time, since you cannot immediately practice what is taught or suggested to you, and that there is no better way to learn the game of golf than to take to the course with your kit bag.

Let us agree that golf does need outdoor practice, but then an online tutorial doesn’t do you any harm either. The online lessons are often accompanied by drawings and video tutorials that show you exactly what to do. It is a great idea to make a mental note of the procedure demonstrated in the tutorial videos, and you can put that into practice next time you are on the course. And then you can always get up and try and imitate the action of the trainer in the video, right from your living room or bedroom. Just don’t use a golf ball, you can always practice holding the club and things like your stance and position of the ball.

Needless to say, golf training on the internet is cost effective. We are all aware that most lessons in the web are either very cheap or completely free of charge. You could download free video tutorials that demonstrate a professional’s way of playing the game, get tips and tricks and then there are the forums where you could chat and discuss with other enthusiasts like yourself. Golf is a game of the elite, or at least it used to be. If you are not a very rich person you may already have felt the pinch investing in accessories like golf clubs, grips, gloves, golf balls and other parts of your kit. Why not save a bit of money by refraining from getting a trainer, and get your tips online? You will find many free training videos and tutorials on the net showcasing the very trainers your colleagues may hire as personal coaches. Of course individual attention is not possible when you train online, but then if you are dedicated to learning the game, you will be able to pick it up given the adequate information.

Well, another reason you would want to go the online route when you need to fine tune your golf skills is that you can watch the tutorials from the comfort of your living room. You can see a video as many times as you please, and you could even burn it on a DVD and watch it on your large screen TV. This is a great and inexpensive way of getting some golf tips, so why not go for it?

It is not easier to start hosting a website. A small study or a thorough knowledge can help us while shopping for a new site, as well as administering it once the acquisition is made.

Some online resources providing good basic information are included in this piece of writing.

Website hosting isn’t similar to our telephonic services where once a plan is purchased and service starts. In web hosting there are some complication, both in buying and maintaining a website, as well as creating one is also small problem. Over anticipation into the process sometimes causes a problem as and when things do not go as smooth as they hoped. There are many resources offered by web for those who are not familiar with the basic terminology and processes. This piece of writing covers some of them and provides handy information.

For Beginners on Internet:

For those who are new to the Internet as well as don’t know much about website hosting, have to collect information about the both. The BBC with its “Web wise Online Course” is providing a fun visual guide to the complete basics of the Internet. This course is accessible in Flash as well as Text versions. Since the Flash version is more visually engaging, also the Flash plug-in is fairly simple to obtain if it is not installed earlier. Also a Web portal by name of About.com is offering a whole segment on the Internet for Beginners. Various articles covering the whole thing from email to web search and introductory netiquette are provided on this portal.

Resources for Website Hosting:

There is variety of sites, which would like to teach us and let us know how to sell hosting at the same time, but learning resources specifically dealing with online web hosting are not enough. Nearly all significant website hosts are providing learning resources on their sites, and these resources are important and helpful as they contains the content dealing particularly with the applications of their customers who are keen to learn and use their hosting. So it is more important to select a host which is providing a solid online learning / tutorial section explaining the tools of hosting.

There are several portals providing general information about web hosting, along with the articles dealing with current topics in the industry of website hosting. The FAQ s and HOW TO s provided by this portal is beneficiary for the beginner than the experienced professional. So before setting out to shop for website hosting services it is most important to collect such information’s and learn the basics, as it will allow the customer to analyze the policy of their approaching host.

Some more forums are committed to website hosting for beginners and professionals. There is really not at all any shortage of posters who will help newcomers in their problems.

Resources for Designing the Websites:

In case of designing issue there are many portals, forums, sites, and tutorials. Now which one is proved to be beneficial is depend on our requirement. For those who want to learn the actual code behind websites, for example HTML, XTHML, and CSS, the W3Schools online tutorials will be helpful. From the basic HTML to advanced scripting and database languages, the W3School provides everything. The content is presented in small, encapsulated formats, which is easy to learn.

To conclude:

There are several helpful resources on web beneficial for the beginners related to hosting, providing basic skills and knowledge regarding the methods for hosting. Some resources are listed in this piece of writing and by our own search on search engines; we can find more links about hosting and hosting companies. These links provide us specific information about the user’s need and administrator’s account.

Are you one of those people who were not able to pursue your career further as you had to look for a job at an early age to support your family? Or, maybe your career options were limited and you did not have the means or the ability to pursue a particular career at that time. It is never too late to further your education and possibly improve your station in life.

An online university degree from a reputable college is the best option for those students who want to enhance their career prospects and study after hours. Online degree courses are normally taken by people who have no time to attend a full time college but still would like to increase their knowledge in their respective fields. Online degree courses are available in literally all fields today like management, medical transcription services, hospitality management, medical sciences, nursing, health management, IT enabled services, graphics and animation and much, much more. Today’s online student can enroll in an online degree course at a university situated at the opposite end of the country or the world. He or she can register online for the courses or degree he is pursuing after filling out an application and paying the tuition fees by credit card or wire transfer. Once the university receives the fees, it will provide the course study material in the form of interactive CD ROMs, books, tapes, etc. Study material is also available in the form of online tutorials where you have to log in at the university website and download the tutorials in the form of E books.

In general, getting admission for an online degree is easy and the timing of study is flexible. Therefore, the pros of an online degree are many in comparison to the cons. The cons are that online degree courses are not as much recognized as full time courses. There is literally no interaction between the students and the teachers; therefore, there are no discussions whatsoever. No one is immediately or physically approachable in the case you have questions when you study.

This last con is being rectified. Through the use of WANs (Wide Area Networks), video conferencing is now made available to students. The students have to attend weekly classes where they can interact with their professors in other cities or countries through a live video session. During the video session the professors may conduct lectures on important topics and also give guidelines to the students regarding their approach to their studies and their attempt at the exams. The students can also discuss their questions with the professors and get them solved.

In conclusion. we see that the online degree market has gained a lot of recognition and momentum worldwide. In one particular course you may find an American, a British, a Chinese and many more people from different nationalities and walks of life.. The universities keep on upgrading their study material based on their research and the students are exposed to the latest of what’s happening in the world. Getting an online degree is going to make you more confident and qualified. You will approach the professional world with more confidence than before. You will be more knowledgeable about the tactics and strategies to be used in your line of profession and you will more easily adjust to changes when required. And finally, it may help you make a better living than before.

Everyday consumers commonly think of online businesses as high technology enterprises. While there are indeed some websites that deal in high tech merchandise, most vendor websites trade mostly mundane materials like clothes, beddings and linen and other ordinary stuff we use in our daily lives. With common enterprises like these, the website is only another selling point for their inventory. What will be mostly displayed in these websites are pictures and short text descriptions of products. On the other hand, vendors that deal with high tech materials design their websites in such a way that it reflects the level of technology they work with.

In the eyes of a common consumer, websites that do not exhibit high technology design are probably failing or disreputable. When browsing consumers find your website somewhat lacking in style and technology, looking for another website that will satisfy their expectations is highly probable.

While it would be considered crass and distasteful to make your website look like the command center of the starship Enterprise, a few smatterings of high tech applications can give your website design reputation a good boost. In the beginning days of the internet, people tried to make their websites attractive by using lots of blinking and animated pictures in their websites. As website design matured, a more professional and modern feel gradually took over the blinking internet kaleidoscope world.

Today, website design is usually patterned or themed after the owner’s profession or business. Simple but tasteful and professionally elegant are now the norm in designing websites. However, this norm, like technology, is fast becoming obsolete.

As internet availability, data transmission speeds and bandwidths increase, the more options people have for designing a web site. In the beginnings of video streaming, video vendor sites were those that usually contained audio-video streaming capabilities. They used video clips or trailers of a movie to entice a customer to buy the whole video. Today, almost all vendors of video and audio have portions in their websites reserved for viewing movie trailers and listening to audio teasers.

Of course, it would be a mistake to discount or limit the use of video streaming to video and audio websites. Common vendor sites like Amazon.com can surely use video streaming to further enhance the shopping experience of a customer. After all, a customer would like to see the merchandise before she actually makes a purchase. Video streaming provides this specific aid to both vendor and consumer. Aside from viewing videos of the product from different camera angles, a short demonstration of the product can be included in the video just like they do in TV shopping channels.

Outside of video specific and trade merchandising businesses, video and audio streaming is also useful when it comes to other industries such as medical transcription, online education, medical facilities and personnel interconnectivity, online tutorials and instructional modules recorded in video format.

Most importantly, the spread of internet video streaming usage signals an advance in technology. With advances and discoveries, opportunities for new ideas and enterprises abound.

While it is great to have new technology available to, we need to put it to good use for it to be beneficial to us. In the case of websites with video streaming, the customer is assured that the products they sell are workable and crafted with quality. As internet shopping becomes more and more popular, vendor websites will have to see to it that they provide their customers a good look at their product.

So you want to learn Adobe Photoshop to enhance your digital photography skills. Adobe Photoshop is the premier graphics editing software and has made its mark in print, TV, the internet, and even films. Whether you need it for business, pleasure, or to make your photography hobby more tolerable, you’ll find a lot of uses for Adobe Photoshop. There are an amazing number of resources one can use to learn the software’s tips and tricks: CDs, magazines, books, and online tutorials are all there to help you learn. By learning the trips and tricks to the latest version of Adobe Photoshop, your digital photography skills will become impressive. It is up to you to use the one that is most convenient.

Adobe Photoshop tutorials can come in two easy to use styles: through step-by step lessons or a more specific pick and choose style session. For example, you need to learn to use Adobe Photoshop’s watermark feature within 24 hours. It is unrealistic to go through the entire introduction and basics so you can get to the appropriate lesson. By searching through your tutorial options, you can find the best Adobe Photoshop tutorial that is the easiest and the best.

If time allows, the best Adobe Photoshop tutorial to learn from is the step-by-step process. It might take you some time to get to the more advanced parts of the program, but you will thank yourself later for taking the time to learn basic tips and tricks before moving on to more advance options. But if this style of tutorial is not convenient and you want to learn the advanced tricks now, you can choose the Adobe Photoshop tutorial that is more pick and choose.

The pick and choose style of Photoshop tutorial is the quickest way to learn a specific trick or tip in a short amount of time. If your project requires that you quickly learn such Photoshop skills as warping, color tricks, texture and background manipulation, or any of the program’s other features, the pick and choose type of Adobe Photoshop tutorial will certainly be your easiest choice.

Every new version of Adobe Photoshop contains more than what you get from the box. Even the most comprehensive instruction manuals will not expose you to many tricks and shortcuts. A good Adobe Photoshop tutorial will help you glean the most current and helpful tips possible. These hidden features can be subtle or plainly obvious but you will find them extremely helpful later when there is a particular editing job that stumps you or when you are pressed for time. A good Adobe Photoshop tutorial will help you stay on top of current versions and help you understand and use all of the features the latest version of Adobe Photoshop contains.

For more info about Photography discussion group or even about Marketing photography business and even about Professional photography forum please review these links.

Discover The Ultimate eCommerce Solution For Successful Online Trading

So what is it the complete solution to all of your online business problems? The solution is called an ecommerce shopping cart system. This highly popular online business instrument enables you to raise sales transactions of your online store very quickly and conveniently. Shopping cart is the vital element in an online ecommerce website. Shopping cart acts as a turnkey for your entire online business and turns your business into a thriving and highly profitable home based business.

Various web designers and developers are designing shopping cart to boost up the sales of almost all kinds of products. Many businessmen have put up their products online for sale. The medium of ecommerce or ebusiness is quite effective to promote any business.

Your website is the mode through you attract buyers to your site. So the ecommerce online shopping cart should contain all the features that can attract potential buyers to your site. An online buyer is always nervous about giving out his financial details online. It is very essential to assure your customer of the secured identity.

Many shopping carts provide the muti-payment modes to the customers. They can either opt for credit payment mode or by merchant account or via gateway such as Paypal or any other service provider. Merchant account is a bank account that allows you to manage credit card dealings. This allows you to maintain your customer’s personal information. You can add prices and product options in to your shopping cart.

Ecommerce has gained popularity, but customers will not buy products from sites if your site is not working properly. Your website must be user friendly and must make shopping easier for the customer.

There are some basic elements of a usable ecommerce online shopping cart. Site navigation must be very simple. Complex site navigation will confuse your customer and can scare them away. The links found in your website should be properly co-coordinated. Some times customers find the products they want to purchase through links in various sites.

Best ecommerce shopping cart are the ones that integrate the selling transactions of your online businesses. Each of the software manufacturer claims that their ecommerce shopping cart are the best in the software market.

An advanced ecommerce shopping cart should have the genuine features of an online store. It should enable the customers to purchase products without much hassle. The shopping cart software should support all the customer friendly programs. The online shop on the website displays the products with the price listings and the size listing along to make the shopping easier for a customer. Various modes of payment are optional to the customer. Thus the customer makes his pick with the help of shopping cart on the website only.

There are text, hyperlinks and images in an online store. They are to be managed strategically in the web pages to give an overall attractive structure to the site. Online visitors should attract customers via eye-catching designs. It should have the power of converting the visitors into buyers. The online store or marketing website should have an appearance that assures the customers that they will get the best service.

A good ecommerce shopping cart should have good functionality. It should perform the sales effectively. Some of the good ecommerce shopping cart gives the full technology support of shopping cart software. Any person with basic web knowledge can go in for establishing an online store or marketing website. Various ecommerce shopping cart providers even set online tutorials for the potential customers of shopping carts. The tutorials give the guidelines for establishing the online store in an easy way.

There are provisions to establish the web pages for the online shop in three dimensions with help of graphic interface. A good ecommerce shopping cart should be versatile. The user should be able to manage his business without hassle. The software manufacturer also provides the traffic volume enhancement systems and the sales measuring systems.

You have been feeling stress and feeling the heat about your finances lately. You find that your expanses are increasing and there is no end to it as you want to reward and pamper yourself after a hard day’s work. You find that sooner or later you will reach a stage whereby you will have to think carefully before spending your hard earned money. So you think about increasing your income through different sources. So you start searching for additional income streams. You heard from your friends or colleagues about the potential of the internet and what it can offer you. So you tell yourself ‘Hmnn since virtually everyone is praising about how useful the internet is in maximising incomes’, you then decided to hop on the bandwagon like what everyone else is doing and ride the wave. After spending your time researching the internet for ideas on generating additional income streams, you decided that you want to start a online business. Ok thats fine but you have totally no idea on how to start a business.

But this article will touch on the basics and help you kickstart your online business. First off i have to tell you that it is never easy starting a business much so an online business. Many people today have really no clue about how to start a online business. They just blindly jump into the fray and start without proper planning and learning how the internet actually works for online businesses. In the end they get burnt by it just like speculating in stocks without the knowledge of speculating in stocks! Many think that it is easy money to be made in the internet. I have to agree on that. But one also has to realise that not everything works the same way and some ways may work for some but others don’t. Ok enough of talking already, i’m sure that you must be anxious to learn and start your online business straight away so i’ll now head on to the first step on starting a online business.

1. Choosing an industry that you are comfortable with and strong at. Now why do i say that? To start a business you need to have an understanding of the industry that your business is targetting. You can’t head blindly into an industry that you are unfamiliar with as most likely you will struggle alot and ultimately fail. Although you can head into an industry without past experiences and succeed, you have to do alot of research and groundwork before you can start. Researching takes up alot of time and wasting too much time researching may actually put off most people into starting a business or if u intend to start a business during your leisure time-take it as part time, you wouldn’t have that much time to spend now would you? So the best way to start a online business is that you find an industry that you are good at. This makes your job easier as you know what to expect and if problems arises, you know how to solve it.

2. Having a sound business and marketing plan. To start off a business you need to have a sound business plan so that you know what direction you are headed and what your business is all about. With a sound business plan, you need not worry about what you plan to do and achieve in a period of time along with your aims and targets. But having a business plan is not enough if you don’t have customers! So here comes the marketing plan. Having a marketing plan to complement your business plan is a must. The marketing plan outlines your business strategies and operations and includes details of how to market your business to prospective customers/patrons and also to grow your business. Without both plans, it is virtually impossible to start a business much less maintaining it and being successful.

Ok thats about the basic stuffs one needs to start a online business. Now i will go in depth on the technical areas. So you have a business and marketing plan done and also the industry that you are targetting, so what’s the next step you might ask? You decided that you need a website to start with. Ok fine, but you realise that there are tonnes of website designers. Note when i say tonnes i literally mean tonnes of website designers offering their services for a fee. As there is too many, you do not know who is the best and whether they are trustworthy. You are afraid of being conned into paying for a lousy service. Ok fine u said. Why not i create my own website from scratch? But you need to know that creating a website from scratch is never easy as you need to know the coding of a website or using a software such as dreamweaver that is catered for developing and creating websites. But learning the software takes a bit of effort and time from the user in order to master the software and create a decent looking website.

So let me help you a little on this aspect. If you decide to create your own website. By all means go ahead. You have to make sure that you have the patience and effort to start from the basics as it is a rather tedious affair to start with. I recommend that you use reference books to aid you in your learning process. You can also use the internet forums to help you learn and understand better. Google the internet on forums that discuss and teaches one how to start a website from scratch. Another helpful tool would be online tutorials. Ok that’s about it regarding to starting your website from scratch.

Ok so you have decided to engage the services of website designers. You can choose to approach well-known and established companies or just pick someone from the tonnes of designers out there. You should keep in mind how much you are willing to pay for a website as this affects your choice. If you are low on cash and on a budget, you should consider picking someone from the tonnes of designers out there. I can assure you that there are actually a bunch of talented designers who actually don’t have a web design company or a employee of it. Most are actually freelance professionals who accept jobs out of their own free time. Meaning that they use their own free time to help people create websites for a fee. Some just treat of it as a hobby or a way to generate extra cash for their needs. You can find most of them in online forums offering their services. You can email them and enquire about their services. Most of the time you tell them what you want your website to be and they will get it done for you. Usually this is done within a day or a few days which is considered fast. After finishing the website that you requested, they will send to you an image of the website and if you like it, you pay them and they will send you the files.

Part 2 on Tips on starting online business will be released soon.

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