The benefits of starting an online business are numerous. However, I have narrowed them down in this post to just 7.
Honestly, after reading the 7 strong reasons why you should start an online business as detailed in this post, you will be greatly motivated to start your own online business without delay. Believe me.
Why You Should Start An Online Business Today!
The 7 strong reasons why you should start an online business are as follows.
Reason #1: Access to a Global Market
Perhaps the most compelling reason why you should start an online business is the fact that having it opens up your business to the world. In other words, your online business allows you showcase your business to a global market of about 7 billion persons.
With this wonderful advantage over offline business, this opens up more opportunities for making money online than if you have a small business that is located on a small street – no matter how busy the street may be – in a small town of a developing country in Africa.
Reason #2: Get Paid in Foreign Currency
A second reason why you should start an online business is that your online business opens up an opportunity for getting paid in superior foreign currency. How so?
As a result of having access to a global market, you have the opportunity of doing business with companies and
organizations of other countries with superior currencies. Consequently, you are better opportuned to receive superior wages for your products and / or services because of your online business.
To illustrate, assuming that two men wish to pay you some amount of money for a business transaction that was
conducted between those men and yourself. One wish to pay you N5,000, while the other one desire to pay you $250 (US dollars).
With an exchange rate of about N365 to one dollar, $250 automatically translates to N91,250.
Now, which of them would you value more and be inclined to do business with in the future? Is it not the one that is willing to pay you in American dollars? Yes, of course!
Reason #3: Your Online Business is Always Open
Another strong reason why you should have an online business is that your online business is always open for business.
Every single second, every single minute, every single hour, every single day of every single year,
your online business is always open for business and automatically attending to the needs and demands of your site’s visitors without fail.
In other words, your online business is always open for business and always accessible to everyone anywhere across the globe at any time of the day all through the year.
That is to say that your online business never goes on break irrespective of the time of the day or the day
of the year – even at night or during weekends and holiday periods.
Reason #4: Your Online Business is Multitasking
A fourth strong reason why you should have an online business is that it is multitasking in nature.
What I mean by this is that your online business can do many of the activities relating to the business, such as
registering e-mail subscribers in a mailing list, sending autoresponders mails, taking orders, accepting payments and taking deliveries of products to clients of the company all by itself.
What this invariably means is that having an online business cuts the physical work attached to your business by over 50% – thereby freeing up more time for you to engage in leisure or any other activities.
As a result of this characteristic of an online business, many persons find it enjoyable to work at home without
employing additional hands to take care of their business for them. This sort of business model is known as a Work-At-Home-Model (WAHM).
Indeed, the multitasking nature and 24/7 availability on the internet is the most interesting thing about having
an online business.
Reason #5: Place Your Business On Autopilot
One of the most beneficial reasons that you should have an online business is that you can place your online business on complete autopilot.
Do you not find it amazing that as you read this line I may be sleeping, eating, bathing, playing, attending
to the needs of my family at home or performing some other activity not related to my online business? Indeed, you should!
Can I perform all those activities mentioned above simultaneously while attending to my business if it were offline in nature? Can I divide myself into several persons and perform those activities at the same time as I am conducting my business, if it were offline in nature? Of course not.
Now compare that with an offline business – a business which has a physical location at a particular street in a small corner of the globe.
Is it not true that in order to do all the activities relating to my offline business and still have time to attend to my personal concerns I would have to employ additional hands to take care of certain aspects of my offline business? Yes, of course!
Reason #6: An Online Business is Cost Effective
Of all the strong reasons why you should start an online business, the cost effective nature of online businesses is by far the greatest allure to having a business on the internet.
In the first place, having an online business is very cost effective. The cost of building and launching a business
on the internet is affordable by almost everyone.
With less than N5,000 (NGN), you can actually get the domain name for your online business registered and hosted on the worldwide web in less than 6 hours.
In many instances, no physical office space is needed. Similarly, no paid employee or office equipment and
machinery are needed for the day-to-day operation of an online business.
Since physical products are not stocked in many instances, no warehouse space is needed and, as such, no cost is expended on warehouse rentage or lease.
You can also take advantage of advanced technology to reduce the cost of web publishing by using PDF e-book Publishing, as well as online marketing through the integration of shopping cart and an online payment acceptance system.
Additionally, you can also have multiple streams of income by selling the products and services of other companies on your website as an affiliate marketer. This makes it the best possible means that any small business can launch itself to greater heights.
Additionally, an online business is by far cheaper to use for advertisement purposes than all other mass media
put together. Once an online business has been set up, it usually does not require any other funds to keep it operational.
Also, the fact that an online business is always accessible and available worldwide all the time makes it the best possible form of information dissemination that anyone can use to promote his or her offline business. But, compare that to the cost of advertising in a national newspaper or on national TV or Radio. Which do you think is cheaper?
Additionally, unlike other forms of information dissemination, a website is easily updated. The expensive production costs of video, and the editing time needed for a good advertisement, make websites even more attractive. Plus, video can be provided on a website, and printed materials can be made available for instant download on a website.
Additionally, printed materials on a website save you the cost of printing and mailing them to your website visitors.
Your website can have even more impact because you can illustrate things such as movements and animation that printed materials alone cannot show – and at a reduced cost as well.
Reason #7: Your Online Business As Your Front Office
The seventh strong reason why you should have an online business is that your online business serve as the front office of your offline business. Consequently, you can showcase the various products and services of your company on your online business.
As a result of this, your potential clients can carry out product and services sampling, otherwise known as window shopping in office parlance and compare your services and products with that of your competitors before they
eventually decide to make a purchase. They can conveniently do so anonymously at the comfort of their homes.
Additionally, you can establish a strong brand of your business as an authority with your online business visitors. They can thus judge your brand objectively and assess it in comparison with the brands of other online businesses.
Consequently, your potential clients will take you seriously because you have an online business and will quickly develop a high level of trust and confidence in you and your business. Once this is achieved, your visitors become more inclined to patronize you.
Start An Online Business Today!
From the foregoing 7 strong reasons why you should start an online business, it is crystal clear that having an online business does not only make sense. It is the most natural business that you should engage in.
Now you have no reason whatsoever not to start an online business today!
Therefore, do not delay any further through unending procrastination – because time waits for no man! And opportunity comes knocking but once in a person’s lifetime.
So, are you ready to start your own online business today? If so,
click here to get started now.