We live in a very exciting time where things are becoming more and more accessible. Whether it’s increased access to information or better tools, the internet has drastically changed the way we live our day-to-day lives.
These change have been particularly beneficial for aspiring entrepreneurs. Here are 3 reasons to start an online business and take advantage of the opportunities:
1. Ease Of Starting An Online Business
It’s never been easier, cheaper, and faster to start an online business. What used to cost hundreds or even thousands is now available for only a few dollars. For example, you could get a blog started for less than $4/month and eventually build it out into a full-time business that you can quit your full-time job for!
What’s just as amazing as a cheap startup cost? Speed! There are many online businesses that you could get started with today. Gone are the days where you need to wait months hiring people to build out a website or even do the design for you. If you can think it, chances are there’s a tool to help you do exactly what you need.
Want to be a life coach? Sell your amazing carpets online? Sell your courses? Create a membership site? There are the right tools to do each of these specific things. You just need to get started 🙂
2. Keep Eyes On Your Business Anywhere In The World
Personally, one of my favorite reasons for starting an online business is the flexibility. Because everything is online, you can manage it anywhere in the world. You can work in a hotel in Osaka, Japan or maybe even while you’re at a cottage with your family.
All you need is a computer and some internet and you’re all set. Or even better, if you’ve built your business so that a majority of it is automated, you won’t even need to keep close tabs on it. You could potentially hire Virtual Assistants (VAs) who will be able to take care of everything and handle the more manual tasks for you. Tim Ferris talks more about managing your time and automating your business in his book The Four Hour Workweek.
3. Focus On Making Yourself Rich
I don’t have to tell you the benefits of this one! Being your own boss lets you set your own terms and the best part of it all is that you will directly profit from all the blood, sweat, and tears you put in. How much your business grows and how much money you make is entirely up to you.
Focus on making yourself rich and not others. Or as Robert Kiyosaki says in Rich Dad Poor Dad, mind your own business.
Building An Online Business Is Not All Sunshine & Roses, But It’s Worth It
When I think and talk about online businesses, I get super excited. However, the life of an entrepreneur is far from perfect. As you get started building your online business, you will likely go through many ups and downs. There will be moments of self-doubt and high-stress where you’ll start to wonder if you’re doing the right thing.
However, you need to stay strong if your goal is to take control of your personal and financial life. After all, since when did anything good come out of staying in your comfort zone? Just because something is hard doesn’t mean we don’t do it!
When you go on your journey in building your own online business that gets you excited and things get tough, do me a favor and remember why you started 🙂
David Lau is the creator of Smart Income Today where he helps aspiring entrepreneurs build an online business that gets them excited. Previously, he led growth at a company and managed a multi-million dollar marketing budget. He helped them see double-digit growth that helped secure $22M in fundraising.