fbpx

Consumer Behaviour #03: Consumer’s Involvement & Marketing Test 🙂

You're Reading:12 Main Reasons on Why You Should Start An Online Business Today.!

12 Main Reasons on Why You Should Start An Online Business Today.!

by Tasos

}

May 11, 2017

TODAY'S SPONSORS

MindMovies: Ultimate Success Formula

Register for the Masterclass and receive a FREE Law of Attraction Planner, along with a powerful ‘Manifesting Check.’

ElegantThemes: Join 881,346 Empowered Web Design Professionals & Business Owners Who Are Shaping the Future of WYSIWYG.

DesignRush: A B2B Marketplace to Find Top Agencies.

Brevo: Award-Winning Emailing Software. 

Prezentar: Amazing presentations, videos & eBooks in minutes. Stunning slides in a snap!

DesignModo: Build amazing websites, email newsletters, and marketing campaigns with the most sophisticated design platform ever.

This is an area for advertising & partnerships.

why-should i-start-an-online-business

 

 

 

I get asked this question all the time. It’s no surprise though.  More and more people are using the internet and spend money online, and online sales are only growing. People are very interested in starting some kind of online business but they don’t know what to expect, they fear of failure or in other cases they don’t want to take the “Risk”…

You can’t let an opportunity like this one slip by. The web is a multi-trillion dollar industry and you can benefit big time.

When I got started online it was more of an experiment. I was not expecting to get hooked but it happened. Being an offline entrepreneur for many years I never thought that an online business could be so adventurous. I could not imagine the real potential so here I am to give you a few main reasons in order to encourage you to start an online business on your own…Today.!

 

 

Why Should I Start an Online Business

 

 

 

 

Low Initial Investment

I started out my online business for $19 (marketing training, hosting, other tools, and services) plus $12 for the domain name. The 2nd and 3rd month I’ve spent $94, a total of $125 and kept on working by adding content to my blog. Then it was when the first sales were popping up. By the end of the 4th month, I was already in profit. OK, you might be thinking, you did not have to cover huge costs, but I will reply with a question.

Do you know many opportunities where you can break even in such a short period?…Do you prefer paying for inventory, renting facilities and equipment?

 

Very Little Risk

The risk is closely tied to the initial costs. I’d rather lose $100-$200 than having to get a multi-thousand dollars bank loan in order to get started with a brick and mortar business. But even if an online business has to be terminated you can sell a website for profit.

You can sell/promote/create digital products and with no inventory in place, there is no risk of stocking up a warehouse.

 

 

why-should i-start-an-online-business

 

 

 

Minimum Operating Costs

Anyone can grow an online business, even working all alone.!…You don’t need employees to expand at the beginning. Of course getting others to work for you at a later time it is a recommended way for growth but during the first months, it is the best practice to keep the costs as low as possible.

You only need a computer and an internet connection. No huge costs for equipment maintenance, renting or electricity bills. You can hire freelancers or companies for certain tasks at minimum costs. Online tools and services that you can use to expand your horizons are inexpensive as well.

 

Flexibility – Scalability

You can work on your own terms without having to worry about the clock. Additionally, automation helps in scaling. There are so many cheap digital solutions that can help online entrepreneurs reduce costs and increase revenue, like software, plugins, 3rd party tools.

A website serves as an online property that is open 24/7 throughout the whole year. As you continue to work and add content the traffic is increasing, revenue is growing. As a website traffic is growing you can monetize it in various different ways. You begin to sell advertising space or use email marketing to build a loyal fan base that will bring you money in the long run.

Creating digital products is fun and the profit margins limitless.

 

But do not expect to get rich without hard work. It is a business and as one it should be treated appropriately.

 

 

why-should i-start-an-online-business

 

 

 

Unlimited Connections, Inexpensive Partnerships (Joint Ventures)

You meet people on social media, on websites, forums, communities, platforms. Imagine having to travel around the world in order to make these connections. With a click of a mouse, you visit other sites and grow your business cycle, building your Brand’s name. You can co-operate with people around the globe at no costs.

You can take advantage of the affiliate marketing model and let others promote your products while you can advertise others offers at the same time.

 

 

Related

15 Key Benefits of Affiliate Marketing that Everyone Should Know

 

 

Worldwide market

Who does not want to target such a huge audience?…According to Internet Live Stats, there are over 3,631,784,000 internet users in the world. That number has increased TENfold from 1999 to 2013. The 1st billion of users has reached in 2005. The 2nd billion in 2010. The 3rd billion in 2014.

Of course, a website can not target the whole internet population but building a multi-website business is totally achievable. Moreover, an internet user/buyer is interested in more than one products and fits in many categories/niches.

The potential clients’ range is way larger than when running a traditional offline store. In most offline businesses customers are people that live in the area and the competition is no smaller.

 

Work from Anywhere

I use a laptop to run my website. And although I travel a lot due to my other local businesses I always have the chance to work on my website as well. I’ve worked on cafes, on the beach, in restaurants, in the car.

 

Freedom to Enjoy Family and Life

I have more time for me and my family. I can work on the playground while watching my children play and enjoy a cup of coffee with my wife.

 

24/7 Traffic, Profit

A website never sleeps. You do, while sales are keep coming up. Visitors land on your web pages, get the information they want, take action on your deals.

 

High-Profit Margins

I can not stretch this part enough. The profit margin is something that at first I could not imagine. Every piece of informational content is driving traffic long after it’s been published. With affiliate promotions, there are often times that you receive 30%, 40%, 50% or even 70% commissions. Digital products cost very little and can be sold at high rates.

Not to mention that you can sell consulting services and set the prices you want.

 

It’s a business, being an entrepreneur is something special, rewards

Any business includes risks, but only through this process, you can discover your true limits. Being an entrepreneur means staying creative all along and experimenting. The sales professions, the markets, customers always evolve. As an entrepreneur, you have to continuously come up with new ideas to stay ahead of the competition. The final rewards are unparalleled. You have to live it to understand it’s true meaning.

 

 

Related

A few good reasons to become an entrepreneur

 

 

No need for physical products (although they are profitable), informational products are more flexible.

Creating digital products can help your business thrive more efficiently. Selling physical products is way riskier and you could end up with stock. Digital products can be delivered instantly and customer service takes place online.

 

 

 

 

why-should i-start-an-online-business

 

 

 

 

Final Thoughts

 

 

An online business is not limiting your potential, you can either use offline connections to drive sales or you can take advantage of a website to attract potential local customers. A website is a business that never sleeps, the profit margins are amazing, the risks are minimized.

What else should you need?…

 

 

That’s it, another article has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time, your online partner.

 

tasos-bio-banner

 

 

 

 

 

 

 

 

 

 

How to Start an Online Business Without Money

 

 

how-to-start-an-online-business-without-money

 

 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

LATEST NEWS
business/marketing/sales/tech
  • BusinessInsider: AI is the great equalizer. Studies show that the rise of tools like ChatGPT is good news for employees who suck at their jobs
  • TheMitPressReader: Will AI Render Programming Obsolete?
  • Forbes: About That Mysterious AI Breakthrough Known As Q* By OpenAI That Allegedly Attains True AI Or Is On The Path Toward Artificial General Intelligence (AGI)
  • AmericanMediaGroup: US Military and SHARP Unveil 120 Million Quantum Phones and Quantum Voting System – The End of the Spy Phone Era (video)
  • WealthyAffiliate: 46% of Big Publishers Are Using AI Writing
  • ContentMarketingInstitute: Clueless Execs? Solve the Content Marketing Mystery for Them
  • NewsWeek: Donald Trump Files Lawsuit Against 20 Media Outlets—Full List
  • SproutSocial: 16 influencer marketing platforms to boost your campaigns in 2024
  • TechCrunch: Siena AI raises $4.7M to develop an empathic AI customer service agent
  • AnalyticsInsight: 10 AI Tools That ChatGPT Says Every Consultant Should Know
  • Facebook is going down: Subscribe to use your Facebook account without ads, starting at €9.99/month (inclusive of applicable taxes). Your info won’t be used for ads. [They beg for money! What I predicted in September 2022 may become a reality]surprised
  • AIOSEO: Discover Trending Websites. Learn how websites with exploding traffic use SEO to rank quickly. Join our email list to be updated as soon as a new case study comes out.
  • WealthyAffiliate: How to Start a Profitable Food blog
  • BusinessInsider: Getting emotional with ChatGPT could get you the best outputs
  • CNBC: The CEO of a $2.2 billion tech startup—who’s sold companies to Yahoo and Google—shares the common mistake he’s avoided
  • VentureBeat: Iterate introduces AppCoder LLM, allowing enterprises to build AI apps with natural language
  • YahooNews: Adobe Caught Selling AI-Generated Images of Israel-Palestine Violence
  • Nature: ChatGPT detector’ catches AI-generated papers with unprecedented accuracy
  • DailyTimesNigeria: Ponzi Alert: How emerging online affiliate marketing platforms are defrauding Nigerian youths
  • CNBC: 50% of Gen Z wants to ditch corporate jobs and run their own businesses, according to new research
  • SalesScripter: How to Use ChatGPT to Write a Sales Script
  • SearchEngineLand: Google rolls out generative AI tools for product images in the U.S.
  • NameCheap: Seeing dollar signs: Sam Altman’s Worldcoin
  • ElegantThemes: Quillbot AI Review: Everything You Need to Know (2023)
  • UseMotion: The Timeboxing Technique - a Comprehensive Guide
  • TechCrunch: Why startups should start preparing now for a potential founder breakup. [Excerpt: she started the company to help creators, not ride industry trends to make the most money.]
  • Dev: Top 5 Github repositories to achieve system design mastery
  • SearchEngineJournal: New Version Of ChatGPT Gives Access To All GPT-4 Tools At Once
  • NewScientist: ChatGPT wrote code that can make databases leak sensitive information
  • SearchEngineLand: How to use Google Bard for better SEO
  • InVideo: How To Find Your YouTube Niche In 2023: Complete step-by-step Guide
  • Jeffrey Gitomer: Value On-Hold. Seize the Silence.
  • ElegantThemes: 8 Best AI Copywriting Tools in 2023 (Reviewed & Rated)
  • WealthyAffiliate: 5 Steps to Unlocking Peak Affiliate Commissions
  • TechXplore: Artificial intelligence predicts the future of artificial intelligence research
  • OptinMonster: 29 Awesome Newsletter Ideas That Will Keep Subscribers Engaged
  • WealthyAffiliate: The Coaching Scam is Alive and Well. (and costing folks $1,000's)
  • AnalyticsIndiaMag: 6 Must-Know Autonomous AI Agents
economy/politics
  • NewAmerican: Small Businesses Are the Backbone of the American Economy
  • LiveMint: Gold Standard hinted by the US Debt Clock
  • Gold Standard hinted by the US Debt Clock
  • Reuters: China's state banks seen supporting yuan as Moody's cuts outlook - sources
  • GoldTelegraph: BIS is warning that central clearinghouses that hold over $1 Trillion in liquid assets may exacerbate periods of financial stress
  • TheSun: Huge pharmacy chain and Boots rival sells all 1,054 branches after string of closures – is your local affected?
  • ZeroHedge: 64 US Bank Branches File To Shut Down In A Single Week
  • [Bank branches are dropping like flies: Wells Fargo, Bank of America, PNC, NatWest, RBS, Lloyds Banking Group, Barclays... The FIAT dollar and the fake economy have collapsed - Time for a replacement after the HAPPENINGS - dark mode]
  • TASS: Pakistan applies for BRICS membership in 2024 — ambassador to Russia
  • NewsTarget: 1.8M fraudulent transactions led banks to close accounts of innocent customers without warning or explanation
  • TheGoldObserver: Dutch Central Bank Admits It Has Prepared for a New Gold Standard
  • Reuters: China, Saudi Arabia sign currency swap agreement
  • USDebtClock: Transition from the Federal Reserve System to the US Treasury 1776 has begun [no more FIAT slavery]
  • DailyReckoning: Wall Street’s Dishonest Accounting
  • Gazetteller: The Iraqi Dinar’s Quantum Financial Leap Is Here – Redefining Money and Power in the Global Economy!
  • ChrisHedgesReport: French whistleblower Stephanie Gibaud exposes worldwide banking fraud [VIDEO].
  • AMGNews: QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 7 Billion People Will Inevitably Transition to the QFS.
  • WatcherGuru: Dubai Incorporates XRP Into Special Economic Zone
  • CoinDesk: Coinbase Ending Support for Bitcoin SV. [I predict the future of crypto among other things in this video].
  • TheDailyStar: Prime Minister Sheikh Hasina today launched local currency card TakaPay to reduce dependency on international card schemes like Visa and Mastercard and save much-needed US dollars. [Welcome multipolar - goodbye monopoly].
  • CNNBusiness: WeWork files for bankruptcy
  • TheCryptoBasic: UAE’s Al Maryah Bank Selects Ripple ODL Partner for Cross-Border Transfers
  • GlobalTimes: Yuan-clearing bank launched in Pakistan as Chinese currency gains momentum in internationalization push
    Internationalization of Chinese currency gains momentum amid de-dollarization
  • BRICS currency is almost ready, confirms Economist
  • TVBRICS: Argentina starts the process of joining the BRICS Bank
    Text copied from https://tvbrics.com/en/news/argentina-starts-the-process-of-joining-the-brics-bank/
  • Mining: Caledonia explores funding options to build Zimbabwe’s biggest gold mine
  • Reuters: US SEC drops claims against two Ripple Labs executives
  • FiNewsAsia: Singapore’s money laundering scandal extends beyond the city-state to Hong Kong’s banking industry, reportedly involving UBS and two Chinese state-owned giants.
multimedia/web development 
  • It'sFossNews: An Open Source Web-Based AI-Powered Vector Graphics Editor: Wait, What?
  • InVideo: How To Make YouTube Shorts: Create YT Shorts Using AI
  • Vecteezy: Graphic Design Trends
  • Videvo: What You Need to Know About Aspect Ratios
  • ThemeForest: Merchandiser - WooCommerce Theme for Wordpress Block Editor. FREE when you signup with a free account.
  • Videvo: Think Like a Director: How to Use the Medium Shot
  • Placeit: Font Pairing Made Easy. A Guide for Non Designers.
  • VidToon: #1 Top Video Animation Software To Make Explainer, Marketing, Animated Videos Online. HD Background Images and Music Files-Automated Voice Overs-Smart Timeline-Social Media-Animate Text-FHD Export-Camera Zoon In/Out-GIFs & Icons-Transitions, and more.
  • Dev: 10 Exceptional Developer Tools Launched in 2023
  • MotionElements: FREE background music for video. MotionElements is the best online stock music site to download free background music. Choose from free stock music to free sound effects to free stock video.
  • Deeezy: 14 FREE Bakery Store Illustrations
  • ThemeForest: Up to 50% OFF selected items. 27 website templates from $7 sorted by best sellers. Beautiful website templates from our creative community, reviewed one by one by our staff.
  • DesignModo: 19 Top Tools & Resources for Web Designers in 2023
  • CraftWork: FLASH SALE. Save up to 45% on illustrations, UI kits, Framer and Figma templates, and Pro Access subscription plans. Use discounts before 22 September.
  • PlaceIt App: Boost Your Business From Everywhere. Easy access to our entire library of designs, mockups, logos & videos. Download your designs directly on your device and share in seconds to your social media.
science/world
  • VentureBeat: Microsoft unveils ‘LeMa’: A revolutionary AI learning method mirroring human problem solving
  • ThePeople'sVoice: Elon Musk: Ventilators Euthanized MILLIONS Globally, Not COVID
  • Phys: Scientists manipulate quantum fluids of light, bringing us closer to next-generation unconventional computing
  • Decrypt: Global Powers Sign International Declaration on AI Safety
  • TheConversation: We built a ‘brain’ from tiny silver wires. It learns in real time, more efficiently than computer-based AI
  • NDTV: Time Travel Possible? What Scientists Found Out With Latest Experiment
  • NeuroScienceNews: Is AI Mimicking Consciousness or Truly Becoming Aware?
  • LosAngelesTimes: Stanford scientist, after decades of study, concludes: We don’t have free will
BRAND NEW CATALOGS:
  • Online Education Resources - Books, programs, courses, training, and so much more. I'll be adding many brands in the upcoming days and weeks. Check it out!
  • BizHub: The Ultimate Resource Catalog for Ambitious Businesses.The ultimate business collection by categories: organisation-administration, marketing, production-supply chain, financial management-economics, human resources management, IT &web development, legal & regulatory compliance, social image & responsibility, design & multimedia, business development, education, innovation. An upgraded version of the 200+ tools collection.

........................

DAILY BREAKING NEWS: Marketing, Business, Economy, Multimedia + The "7 IDEALS" Methodology FINISH LINE 85% 🙂

Some of the links on this page are “sponsored”. For more information, I refer you to the Disclaimer page.

TODAY'S SPONSORS

MindMovies: Get FREE Instant Access To Natalie Ledwell’s Introspection Process & The 7 Morning Success Rituals PDF!

#3 CONTRIBUTOR

“Here, we honour and reward the most valuable contributors to the blog.” #3 position Evelina Brown: author page. A digital marketer with more than 10 years of experience and a contributor to Content Marketing Institute. 

TOP Quote

Life is a discovery process where the mind is given to us to mirror everything we observe to the divine.

the consumer decision-making journey unveiling the process eBook 333
The role of the business owner featured 666
marketing publishing mastery private training workshops featured banner
roobet-july-2023-250x250
wealthy-affiliate
Divi WordPress Theme

Archives

Find a domain starting at $0.88

powered by Namecheap

Newsletter

Marketing, Business, Economy, Multimedia

Get access to marketing and business training, sales secrets and personal stories from the entrepreneurial world, downloads, exclusive discounts and bonuses, and the newsletter to scale your business

The “7 IDEALS” Methodology EARLY ACCESS

be part of the upcoming movement

Read More

Latest Posts

the consumer decision-making journey unveiling the process eBook 333

The Consumer Decision-Making Journey Book

 

Uncover how your choices are influenced and make smarter decisions with this FREE 232-page eBook.

Explore real-life examples, problem-solving strategies, and actionable insights to enhance your buying habits and boost your business success. 

Download now and take the first step towards becoming a conscious consumer and a savvy marketer!

You have Successfully Subscribed!

Pin It on Pinterest

Share This