10 Obvious Reasons You Should Start Your Own Online Business


start your online business10 Obvious Reasons You Should Start Your Own Online Business

You may have toyed with the idea of starting your own online business before, and you might have even gone so far as to buy books and courses for yourself in an effort to get started. Then, you’re like 80 to 90% of people, though, your intentions probably have never developed into actual substantial action.

Your business books sit on your shelf, unread (You’ll get to them “a some point.”), and your courses sit there unopened, not a single lecture played all the way through. There’s always something more urgent to do, and it never seems like you have the time to even take that first step.

Now, I’m not here to guilt trip you about what you “should” be doing; I’m here to simply point out an obvious fact: While you may think that you don’t have the time (“right now,” at least) to get started with your own online business, the truth is that you don’t have time not to. Wait, what?

Being a slave to a day job means that you have no control over your time. Wouldn’t it be nice to be able to decide exactly when you want to work, and how many hours? Wouldn’t it be great if your income wasn’t necessarily tied to how long you worked each day, but rather to how well you worked?

Being your own boss gives you more than just control over your financial destiny, it gives you control over the most precious and scarce commodity that a human being can have: Time. And, to be honest, this is only the beginning of the benefits you’ll reap if you’re able to start a successful online business. Let’s look at the 10 main reasons why you should start one today:

 

1) Flexible Schedulepersonal day

If you need to take a “personal day” for no other reason than the fact that you feel like it, or that you’d like to spend more time with your kids, what are the chances that your boss would approve? Really, in a roughly estimated percentage, what is the probability that your boss would actually say yes? 50%? 40%? Maybe 5%?

It really depends on your job environment of course, but the bottom line is that when you work for someone else, they control your schedule, not you. You have to come running to them, begging for some time off whenever you need it, hoping that they will accept your excuse.

If you’d like to keep a certain unusual schedule, you’re usually out of luck, as you’ll be expected to work whatever shifts are generally needed. By contrast, when you work for yourself, you own your time and you have to answer to no one except for your customers.

 

2) Free Time

This goes hand in hand with a flexible schedule. Have you ever wanted to spend more time on hobbies or with your family? Unlike a job, where you basically must spend time to earn money, an online business can be set up in such a way that your physical presence may not even be required.

Did you know that there are online business models where you can sell products without ever having to see or touch the inventory? Did you know that there are models where there is no inventory to store in the first place, since the products are digital?

An online business, with its potential for such low overhead, opens up a world of possibilities. With  enough careful planning, you may find yourself making money all the time, whether you are working or not, by leveraging technology and the labor of others . What this means is that you can potentially have 100% control over your schedule to the point that you may no longer have to do much work at all.

 

3) Control Over Every Decision

You may have had an employer who made stupid decisions that led to huge problems within your company, but there was nothing you could do about it since you were an employee. Maybe it wasn’t even the big issues that got to you; maybe it was the little things day by day that made no sense that your boss would make you do.

Maybe it was the office politics that bothered you and wasted your time. Regardless, most of us have had experiences like these and wished that we could simply take the wheel and steer the direction of our work. When you own your own business, you don’t have to be at the mercy of someone else’s faulty decision-making flagyl tablets online.

 

4) Work from Anywherewrite on the beach

Have you ever wanted to travel the world for a year? Maybe you just like to change cities every few years because you get bored of staying in the same place. With a traditional job, this may be a problem since most of them aren’t location-independent. By contrast, the Internet is a worldwide utility, so you can run your business just as easily from the comfort of your home as you can from a hotel halfway across the world.

 

5) Do What You Love

When you run your own business, you get to choose the “niche” that you want to work in. In Internet marketing parlance, a niche is basically your specialization in terms of what you sell and to what audience. For example, maybe you know a whole lot about golf and you can talk someone’s ear off about it if they give you half the chance—golf would then be a good candidate for your niche; in other words, it might be a good idea to get into selling golf equipment online, selling courses on how to improve your golf swing, or even producing courses yourself.

Now, your choice of niche will be influenced by more than just your passions—market forces needs to be analyzed as well—but your passion can play a huge part. A sweet spot is the cross-section of your passion with what is marketable.

 

6) Help Others

The whole point of picking a niche that you know very well is that it will enable you to help others. If you feel like your current job doesn’t make much of a difference in the world, maybe starting your own business will renew that sense of purpose in you.

 

7) Affiliate Marketing OpportunitiesAffiliate marketing

When you start an online business, the sky is the limit in terms of different methods that you can use to make money, especially if you start your own website. One hugely lucrative opportunity is affiliate marketing. This is basically where you find sales leads for a company and they pay you a cut of what they make, without you ever having to deal with the product itself. It’s easier than you might think: For example, if you have a site that gives marital advice, you can also review and recommend relationship books, and you can get a portion of the sales even if you didn’t create those books yourself.

 

8) Passive Income Opportunities

How would you like to make money while you sleep? That may seem like a ridiculous notion to people who have been employees most of their lives, but think about the richest people in the world: Do they only make money while they’re working? If so, what on Earth would be their hourly wage? A million dollars per hour? Obviously, most extremely wealthy people don’t make their money hourly, and in fact, a lot of them don’t have guaranteed salaries at all, even in companies that they themselves founded. Instead, you will find that those who make a very good living tend to be paid for results, not time. This isn’t even limited to the super rich—it’s just an aspect of being self-employed.

 

9) Less Risk

There are doubts in your mind, probably—and for good reason. A lot of your doubts will be legitimate, and it is natural to be concerned about a learning curve and other factors. However, if you examine yourself, you may find that a lot of the subconscious objections that are holding you back are in fact limiting beliefs that were programmed into you by the dominant, employee-centric culture that most people live in.

For example, a common criticism people face when venturing out on their own is that starting a business is “risky.” You know what’s even riskier? Allowing a single person or entity to have control over your entire income, as you do when you have a normal job.

 

10) Rapid Learning Experiencebest things you could do

Stagnation is one of the greatest passion-killers. If you really want to be challenged to learn and grow as quickly as possible, starting your own business is one of the best things you can do. In terms of personal growth, it will give you a huge boost that you may have never thought possible. Nothing shapes people like being faced with huge amounts of responsibility (and reward!).

Is starting your own business all rainbows and sunshine and puppies? Of course not. There will be times when things are tough. There will be times when you will face problems that you’re not sure how to begin to address. But you know what? Persistence is the only way to get what you want out of life, and if you want more freedom, more control, and more stimulation than your day job could ever give you, then you should probably start being persistent at building your business!

2 comments on “10 Obvious Reasons You Should Start Your Own Online Business”

  1. Simon Crowe in Asia Reply

    First let me say I love this website! It’s so refreshing compared to all of the get rich quick schemes online so – thank you for that!

    For about 9 years, on and off, I have been looking at ways to start my own online business – I love the idea of having the flexibility to work when I want and do what I want.

    I read Robert Kiyosaki’s book ‘Rich Dad, Poor Dad” (I highly recommend it!) and he talked about the importance of working for yourself and being your own boss. I really want to do that!

    And I also love the idea that having a your own online business is passive. I like the idea that if I work once I will get paid for it time and time again compared to now where if I dont go to work tomorrow – I won’t get paid.

    I want control over my life, and it’s not even about the money for me (though that would be nice!), but its the freedom to make choices to live the life I want.

    You mentioned about a learning curve – I would love to start a blog – i love to write and connect with people but I’m not technical at all. Would this hold me back?

    Thank you so much for all the great info – it’s encouraging to me. One day I’ll get there – soon I hope.

    • SJB Reply

      Hello and thank you for stopping by.

      You are not the only one to recommend Rich dad, poor dad. Now, I have to read it. 🙂

      Starting a blog is really simple. It can be done in no time. What takes a little more time is adding content to it and adding visuals that will make it attractive to your readers.

      I learned everything that I know on Wealthy Affiliate. I invite you to read my post about the 20 most successful people on that platform. They all have an amazing story.

      If you are determined to succeed online, you can do it!

      Best wishes to you,

      Sonia

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