There are a handful of reasons why you should start an online business. Have you ever sold your personal possessions through eBay, for example? Or have you tried to sell your artwork or handmade craftwork on Etsy? These are just the first steps into the complex world of selling online, and they’re certain to give you a taste of the global market that opens up in front of you thanks to the internet. But perhaps you want to take one more step, and take things further with a fully-fledged online store? If you’re looking for more reasons to start an online business, then there are plenty of benefits for doing so.
1. You Are Your Own Boss
The older you get, the less likely you are to tolerate someone else telling you what to do and how it should be done. If you’re a master of your job, then it becomes harder to accept instructions from others. Worse still, if you’re an expert it can often feel like you’d earn much more money if you were running your own business. While there are admittedly more risks involved when compared to just being a salaried employee, knowing your successes are directly because of your own actions as the boss feels 100 times better.
2. You Are in Charge of Your Own Time
Just think about those sad Sunday evenings setting the alarm for Monday morning. Now imagine a life without any alarms, letting your body wake you up naturally and enjoying the precious moments of your life. You’re bound to be a happier, healthier, and less stressed person. This absolute freedom means can take a break in the middle of the day to focus on your hobbies if you so want, which just isn’t the case as an employed person.
3. Reduced Everyday Costs
Running a business online means it can be done from the comfort of your own home (so long as you have all the permits), which means that there are no commuting costs, lunch can be prepared at home rather than buying it at the canteen, and you won’t feel the need to grab an early morning coffee for a pick-me-up. Not only does this means less stress and fewer costs, but also less time wasted on unnecessary tasks and therefore more time to focus on what really matters: your store.
4. Starting an Online Business Is Not Expensive
If you craft your own products or have a good supplier, then all you need is a domain name and an ecommerce platform to host the online store. While some work is required to set everything up and to get the traffic for a regular audience, the costs themselves are low as you don't need to invest in web store development. Ecommerce platforms provide this by their very nature.
5. Unlimited Income Potential
Thanks to the internet and global shipping services, the flexibility of location applies to both the business owner and the buyer. The income of the business isn't determined by the number of hours you work, either, but instead the productivity of each worked hour. That's a major difference. Time spent on marketing, for example, is still time spent well regardless of the hours worked if it results in improvements to the business. In fact, if the activities are well thought through, it is possible to reduce the work hours, which then only means more free time.
Oh, don’t forget that the business is open every hour of every day. An online store is always open to customers, so that even if you process the orders only during a working day, a customer can still place the order on Sunday morning if they wish.
Best Ecommerce Platforms of 2020