You slave away at a 9-5 job, working for someone else. You think that it would be fun if you managed to escape the grind and had your own business. It’s no secret that having your own business can be a lot of work, but if you get into the right business, you will find it so fulfilling that it won’t feel like “work”.
If you want to start your own business, choosing one of the online business models, such as affiliate marketing, creating digital products, or even having a service business like freelance writing or graphic design, has its benefits. Here’s a look at some of the most noticeable:
Low Overhead
The costs of operating a businesses based on the internet are fairly low, especially when compared to a traditional business with an office or a store front. Most business models that are online need a laptop, internet connection, and other business tools that might be relevant, such as the costs of operating your websites, as well as other business tools you might need, like a service managing your email list or any software you might need. Your expenses might be a few hundred dollars a month depending on the nature of your business, whereas the costs to operate a physical business are much greater.
Portable
Online businesses are very portable, which means that they can be operated from anywhere in the world. And I’ve done exactly that! I’ve worked my business on planes, in other countries, on the beach, outside, in coffee shops, and more. Often, the work I complete on an airplane manages to fund the entire trip!
In fact, I’ve worked my way through Europe and the United States and have enjoyed every minute. I always travel with a portable internet device, just in case I am somewhere with a bad internet connection. It’s not that I need to work when I travel, but I do enjoy it and even find it relaxing when I have downtime.
Scalable
When you set up your online business correctly, it is very scalable. Once you set up your first passive income stream, launch your first product, or write your first content series designed to promote an affiliate program, all you need to do is rinse and repeat in order to grow your income.
You could launch new products, write more content, create a new website, and grow your email list with more names, for example, in order to make your income grow. Once it does grow, you can start outsourcing. Even service-based businesses, such as freelance writing, are scalable because you could easily turn your one-man operation into an agency and hire multiple writers in order to complete the work.
When it comes to starting a business, you can’t go wrong with an online business. There are many benefits to opening an online business including low cost of operating, the fact that you can do business from anywhere, and that it is also highly scalable.
It is also easy to start one of these businesses from scratch while having a day job. That’s what I do! I actually have a day job and I operate my internet business a little bit each day. It works out that I am able to spend 20-30 hours a week on my business.
