If you’re thinking about starting your own business, you know have the option to create one online instead of doing it the traditional old way (offline) all thanks to the internet.
Also nowadays people are preferring to buy more of their items online versus going into actual stores — which means for you there’s never been a better time to start an online business than right now.
In fact major offline companies like Walmart have noticed how important it is to have an online presence, because otherwise they run he risks of going out of business like Toys R Us did earlier this year.
So in my post today, I want to give you 5 advantages of an online business that will make owning a regular brick and mortar seem inferior.
1. The Start Up Cost Is Very Low
One of the major advantages of an online business versus a brick-and-mortar one, is that the start up cost is EXTREMELY low.
With simply a domain, hosting, and maybe a couple of other items like a keyword research tool, you’re looking at about $30 bucks a month and that’s it!
This is nothing compared to opening a physical store, buying inventory, paying people to run your business, and having to deal with property tax — which normally will cost you thousands upon thousands of dollars each year.
2. You Can Reach Customers Throughout The Entire World
Another huge advantage an online business can offer you, is the ability to market your products to the entire world.
With other 4 billion people using the internet every day, if you only were able to get a fraction of these people onto your website and buying something, you would still be earning several million dollars a year!
This is something that can’t be done with a traditional offline business in your home city, as you can only advertise to the people living within in it.
3. It’s Easier To Get Customers
Now not only can you market to the entire world through an online business, but getting people to visit your store / website is actually much easier.
For example with SEO (Search Engine Optimization), you can get thousands of highly interested people coming to your site each and every day all for FREE!
Also by spending some money on paid advertising (like Facebook ads), you can market your business to a very select group of people quite cheaply — and have it to where your ads are only seen by people with a certain age, demographic location, and gender.
With an offline business, your merely shooting in the dark and just hoping that your advertisements are reaching people that are interested in what you have to sell.
4. No Physical Location
I would say one of the things I love most about having an online business, is you can literally work anywhere you want.
Whether your on the beach, in your car, in a coffee shop, or just sitting in the comfort of your own home — you can run a successful online business (as long as you have an internet connection or cell signal).
This not only gives you the freedom to work anywhere in the world, but it allows you to continually work all throughout the day — which means potentially more growth in your business and more money in your pocket.
With an offline business you have to go to the exact same spot every day, normally only work during the day time, and have to deal with traffic as you commute to your place.
5. An Online Business Operates 24/7 All Year Long
Last but not least, another great advantage of an online business is that it is “open for business” every second of the year!
Whether you’re sleeping, eating, or even on vacation — it’s very common to still be getting thousands of visitors to your site and be making money at the same time.
And again this is all thanks to the internet and using certain tools to your advantage (like auto responders) — which allow you to basically put your business on autopilot and earn money while you go off and do other things.
Also as I mentioned earlier, offline business require you to actually be there to make them work — and most of the time you can only operate your business during the day since this is when you’ll be able to get customers.
So in short, an online business gives you an extra 8-10 hours each and every day since you never have to close shop and wait until morning to open it up again.
I hope after reading this post, you now have a better understanding as to some of the main advantages an online business has compared to the traditional offline one.
For example you can literally start one for the price of a cup of coffee, work anywhere and anytime you want, and sell your product to the entire world!
Or in simple terms, you barely have to risk anything and can become very successful if you’re willing to put in the work to make it happen.
And if this sounds like something you want to learn how to do…
Here’s What I Recommend
First and foremost you need the proper training on how to actually build a successful business from people that have already done it.
For this I highly recommend you checkout out Wealthy Affiliate, which gives you step by step training, all the tools you need to become successful, and a huge community you can ask for help whenever you have a question about something.
Secondly I want to make it clear that you are building an actual business ( just like you would offline ) — which means you actually have to work in order to become successful.
Because I can assure you that while it may be cheaper and quicker to start an online business — it takes just as much effort to make it profitable as a normal offline would take.
And with so many scams online nowadays, it’s easy to think that you can become rich overnight just because you’re using the internet.
But luckily you can try out one of the most advanced platforms online for FREE, and learn the exact steps on what it takes to become a successful online entrepreneur . 🙂
So again if you’d like to learn more on how to build a real business online instead of trying to do it the old-fashioned way — click the banner.
Also if you have any other questions regarding building an online business, feel free to leave a comment below and I’ll be more than happy to help you out.