If you’re anything like me, you’ve dreamt about becoming financially free. Given the option, who wouldn’t want the ability to do what you want, when you want, and with whom you want?. The problem that many of us run into is how to make that dream a reality. There are many different avenues you can take to succeed. From real estate investing, the stock market, starting a business venture, or any number of possibilities. All it takes is a decision and the drive to see it through. I believe creating an online business to be one of the best ways to start and I have 10 reasons why your first business should be an online business.
10 Reasons to Start an Online Business
1. Less overhead cost
Online businesses have very little overhead cost. You don’t need to lease a physical location, you don’t need to buy a bunch of merchandise, or take a loan to get things up and running. All you need is a computer and an internet connection and you’re ready to go!
2. Run your business from anywhere
Want to work from home, down at the hotel pool, in a cafe on your international trip? As long as you have an internet connection, you’re able to work from almost anywhere! This also ties us into reason number 3…
3. No commute
Tired of sitting in your car for hours every week? Think of all the time and money wasted as you inch closer to and from work. With an online business, there is no commute!
4. Being your own boss
Being your own boss gives you the freedom to set your own schedule and make your priorities. Have an appointment you need to go to, want to go for a run, hang out with friends, or just not work that day? These are all possible when you work for yourself and are accountable only for yourself.
5. Easy to get started
Like I said earlier, you don’t need much to get started with an online business. As long as you have a computer, an internet connection, and some of the basics like a web hosting service, you’re pretty much ready to go!
6. Unlimited potential
One of the best things about an online business is unlimited potential. When you have a traditional brick and mortar business, you’re limited to the potential clients in your area. Take that business online and not only do you have unlimited client potential, but unlimited income potential as well!
7. Automation
One of the cool things about the internet is all the tools available to set up your business with automation. Traditional businesses require that you be present for any billing transactions. Online, you can bill clients 24 hours a day, 7 days a week…even while you’re sleeping! You can also automate things like email, social media, marketing and more.
8. Building an asset
Once you’ve created an online business and have become successful to a certain degree, that business has value. You can continue to receive cash flow from your asset or even sell it to someone later down the road. Build enough of these assets and you can generate some serious cash flow!
9. Tax write-offs
Who here loves paying taxes?!…No one? Well, when you run a business out of your home, it opens you up to a whole new world of tax write-offs. Have a home office? You can start writing things off like square footage, internet bills, power bills, and any other work related purchases. Driving or flying to meet with clients? Those are considered business expenses as well! Talk with your tax advisor and be sure to save that hard earned cash!
10. Follow your passion
Last and certainly not least, running an online business gives to the ability to follow your passion. Love selling clothes in your online store, enjoy teaching others how design websites, or selling your online piano course? Whatever you are passionate about, follow that passion and provide massive value with your online business.
That’s it! That’s my top 10 reasons to start an online business. It may not be easy, but if you have the passion and motivation to see it through, you just might realize your potential along with financial freedom!
How about you, do you have an online business or plan on creating one? Let me know how it’s going in the comments below!
*Some of the links above are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. Please understand that I have experience with all of these companies, and I recommend them because they are helpful and useful, not because of the small commissions I make if you decide to buy something.
