What are the benefits of an online business?
Last Update: Aug 5, 2019
If you are planning to start a business at some point because you want to have freedom and flexibility in your life, I want to share with you the benefits to starting an online business. There are many forms including drop shipping, Amazon FBA, stock trading, and affiliate marketing which you can learn here at Wealthy Affiliate. No matter which one you choose, just consider the benefits to having a business online.
The perks of an online income
This should be the first reason why you start a business online. If you want to travel endlessly or move from place to place for an indefinite period of time while still earning money, you need to have location independence. The beauty of the internet is that it is not tied down to any one location. In fact, the internet is located everywhere around the world. So if you have internet access, you have the potential to be able to disconnect your ability to earn income from your location.
Most jobs or small businesses do not give the luxury of location independence. If you have a local service based business, you can only serve people in your community or location. Your job is also tied to a specific location. If you lived in San Francisco, you would have to have a job in that area. You can’t live in San Francisco and have a job from Las Vegas unless it’s some kind of remote position. Even those aren’t as common yet.
Unlike traditional stores, websites operate 24/7. This means someone can be visiting your website or blog while you are away on vacation, while you sleep, sick, etc. There are no hours of operation unlike a traditional business.
Earn while your away
Because a website operates 24/7, you have the potential to earn no matter what time of the day it is. Most traditional businesses only make money during its operating hours. If your an employee for a company, then you obviously know that you can only earn money during a scheduled work shift or a typical 9 to 5.
Cheap to get started
Not a lot of capital is involved when it comes to starting a business online. As long as you have WiFi and an internet connection, any type of online business is possible.
Work on it part time
No one expects a business to start being profitable right out of the gate. If you do, your in the wrong place and should just stick to a regular job. In fact, a lot of online business owners still have a job while building their business out. I have heard various stories about people only quitting their jobs after a few years. Usually by that point, most people stay on the job and practice living of their business income before quitting their day time job and pursuing their businesses full time. The last thing you want to do is have an income stream dry up and you have to beg for your job back.
So if you are worried about not being committed full time, know that you can work on your business after your typical work shift is done. But you can’t make excuses about being tired after work. Better to do the work now than toil in misery for another few years or decades.
Unfortunately, we all arent going to live forever. This means you need to create something that lasts beyond your lifetime. In terms of passing something on to your children, an online business and the income derived from it can easily be passed on to them. This allows them to continue their living without any interuptions.
Most people who lose their loved ones also lose their love ones income in the event of their deaths. This is because a job only pays that person while they are alive and working. A company is not going to pay you just because your spouse died. For most people, the income from their jobs doesn't pass on to the survivors. The income dies with the employee.
See the value in starting an online business
Regardless of your current situation in life, I hope you see the value in online businesses in terms of creating something that will change your life for the better and the lives of others. The last thing you want to do is be in the same place you were yesterday or last year. It’s certainly not a great feeling to feel left behind in society.
Have you done something to change your life or the lives of other people? If not, what has held you back this entire time?