Owning an online business has become easier and practical than before. With access to the internet and free social media platforms, even a 13-year-old kid can run an online business.
You will agree that humankind has seen a 180 degree flip in the work culture since the pandemic. It is because a large number of people have lost their jobs. People have realized the importance of multiple income streams.
Presenting a few reasons why you should take your business online in 2021.
- It’s easy to start online
- Low investment
- A reliable source of income
- Flexible work schedule
- Access to a global audience
- Massive growth potential
- Sell online 24/7
It’s easy to start an online business
Starting a business was not as easy as it has become now, especially after digitalization.
Since more and more people are choosing online products and services rather than offline options, the opportunity for business owners is expanding.
To start an online business, all you need is a social media page, some pictures and videos of your products/services, a laptop (even a good quality phone will work), and an internet connection. That’s the beginners kit for starting an online business.
Make use of social media platforms to share your products/services as much as you can, this will make running your business online super easy.
In traditional brick and mortar businesses, you were required to buy the raw materials, store the inventory, pay rent for the shop, and other overhead expenses. But while using online platforms, you can start earning even without buying inventory.
Yes, you are thinking correctly.
‘Print on demand’, ‘dropshipping’, and ‘reselling’ are some examples where you don’t need to keep inventories. Your customers can order from your website and the responsible company will deliver your product.
Awesome, isn’t it?
Now, all you need to spend is on a fully functional website and marketing. The cost of getting a one-pager website is just $120 at GetCatalyzed and marketing cost varies as per your need.
Therefore, you can start your online business at less than $250. We never had a better deal, and I guess we’ll never have one in the future!
A Reliable source of income
An online business might be a side hustle for you when you start, but if you follow the right strategy and give only a few hours. It can become a reliable source of income.
You might have seen people earning lakhs of profit just by selling trending products.
If you can build a trustworthy presence among your customers, they’ll become regular customers, and gradually you’ll build a passive income stream.
Without waiting for any validation, start your online store today!
If they can, you can too.
Flexible work schedule
Have you ever imagined yourself working on a beachside or with the view of mountains?
If yes, you should start trying your hands in online business.
Online stores/services give you the freedom to choose your working time and location. You don’t have to report to the office every day, you can choose to work from Switzerland one day or Miami the other day.
Although, this will take time to happen. You need to put in efforts and time in the initial stages to establish your business. Once you gain stability, you’ll find a lot of freedom and peace for yourself.
Access to a global audience
A Store in the locality has access to nearby people or maybe the people in the entire city. But with online stores, your service/store has the eyeball of people from all around the world.
You might be a small business owner from Jaipur, who sells handmade clay jewelry. But since you have an Etsy store or your website, people from all around the world can place orders. If they like your products, maybe you can start getting wholesale orders that might help you generate 5x profit.
You have a chance to get recognized for your unique talent. This will open a whole new world of opportunities, which can pave a new direction for your business.
Massive growth potential
Online business has great potential when it comes to income and growth. In an online business, your income isn’t locked according to your working hours. It’s dependent on the smart systems and strategies you have incorporated into your business.
Once you have all your systems in place, you can make money while sleeping. That’s powerful and will help you attain your desirable life.
Sell online 24/7
The fact that your store will be open 24/7 for your customers is the best thing. No matter if you are physically available to take the orders or it’s the bot doing the job, you’ll be making money.
For example, if one person is browsing through Amazon at 2 am and another person is browsing at 11 am. They both will be able to find the products on your website. Your store will be open on your website and you will not miss out on any customer.
Similarly, as a service provider, your free content can lead your client to your sales funnel and make them buy your services.
Digital business has the potential to sustain any skill. No matter if you are a comedian, a writer, a handmade gift seller, or someone with unique skills, you can start your online business in 2021.
You can use social media platforms like Facebook, Instagram or you can get your website and invest in PPC or SEO. The decision is completely yours and so is your business.
You don’t need to make a long-term decision now. You can begin and observe if you are willing to reap its benefits or it’s just a part-time job for you.