1. The Internet Is Still Young and Growing
The people that are saying that the golden years of starting an online business that becomes very successful are over must have done something wrong in their calculations. The internet as we consumers knows it is around 20 years. Think of the internet as you would think of a college student who has just graduated. You wouldn’t say that the best years has passed by to a 22-year-old, would you? No, you would say that now is the time when you’re going to take on the world and create something magnificent of yourself.
According to internetlivestats.com, around forty percent of the world population has an internet connection. That’s a lot more than what it was during 1995 when the number was only one percent. Do you think that growth is going to continue? You bet it will, and where there are people, there is money to be made.Correct me if I’m wrong but I think the online commerce stands for around 20% of the total trade in America. That number is also growing all over the world. Perhaps you’ve seen how physical stores have closed down because of online competitors. Just look at how the expansion of Kindle has wiped out a lot of the major books stores.
Correct me if I’m wrong but I think the online commerce stands for around 20% of the total trade in America. That number is also growing all over the world. Perhaps you’ve seen how physical stores have closed down because of online competitors. Just look at how the expansion of Kindle has wiped out a lot of the major books stores.
Ten years ago, people were hesitant to shop online. That has changed, as the majority of individuals have lost the fear of giving away their credit card details online. So people are spending money online, no doubt. The question is, will you be able to catch some of it? If you don’t, you can be certain that someone else will.
2. With An Online Business, You Have The Possibility to Work From Anywhere in The World
Would you like to work from the beach on a sunny island? Or do you want to be able to work from home? Perhaps you like travelling, and would like to take the work with you where ever you go? Either way, it is possible if you build an online business that is freedom based. I recommend that you search for “digital nomad” If you think this feels too good to be true. I believe that there are hundreds of thousands of people, if not millions who has been able to create a freedom based business.
Creating a freedom based business could be done through freelancing, online publishing, video course creation, blogging, affiliate marketing, etc. The possibilities seem endless. Our current freedom based business was created through self-publishing.
3. It’s Inexpensive and Simple To Leverage Your Time through Outsourcing
Outsourcing is for me one of the biggest advantages of an online business. We live in Sweden where there’s a lot of taxes and regulations regarding hiring an employee. It seems to be very hard and more importantly, extremely expensive to hire someone. If you want to hire someone in Sweden, I think you should be prepared to pay at least $25 per hour for a simple task. Compare that to hiring someone for as low as $3 an hour from the Philippines who are known for being great workers. Outsourcing is one significant component of being able to live the 4 hour work week.
4. You Can Automate a lot of processes through Technology
Automation is also a huge benefit to having an online business. Let’s say you wanted to do email marketing for example. That can be entirely automated if you want through AWeber and Leadpages. You can create a follow-up series that sends out the emails automatically when a person opts-in. But that’s only one way that you can automate your online business. You’d be amazed if you knew about the number of software’s that are created to help you save time and automate.
5. It’s Possible To Become A Millionaire Fast
You should be able to scale pretty quickly if you leverage your time through outsourcing and automation. Of course, you have to have a proven system for this to be possible. The internet has created a lot of millionaires and even billionaires. The internet has allowed young people to skyrocket to millionaire status before they reach 30. My advice is that you find or create a proven system and then scale it through outsourcing and automation.
6. Low Cost Compared to A Brick and Mortar Business
The potential of brick and mortar businesses can sound very promising. But imagine the start up cost for opening a restaurant or another brick and mortar business. Even though there is significant potential, there’s often a big risk involved. You might be looking at several years before you turn a profit. That’s not very often the case with an online business. We turned a profit within six months, and we could have done it a lot sooner if we had not been so heavy into reinvesting our income back into the business.
Let’s say you wanted to start a blog and monetize it through affiliate marketing. You’re looking at less than $10 a month for hosting and then what? Get only one sale for $20 per month and you’re all of a sudden making a profit. If you’re interested in starting a blog, just check out our step by step guide to doing it the fast, easy and in my opinion the best way.
7. Your Online Business Can Revolve Around Your Passion
Let’s go back to the concept of creating a blog and monetizing it through affiliate marketing. Let’s say you’re extremely passionate about surfing. Well, then you could share that love on a blog and then recommend different products and resources. Join Amazon affiliates program and perhaps teach other people how to learn surfing through a video course. There are many possibilities for creating an online business that revolves around your passion. Blogging is just one of these ways.
I hope these reasons motivated you to research further on the concept of creating an online business. Thank you for reading and remember that comments are welcomed and appreciated.