should I start a business on the web?
Once you take away the lure of quick
money, once you see the get-rich-quick schemes as nothing more than outright
scams or simply unworkable, what is the lure of the net?
There are many advantages to starting
an online business as opposed to an offline business. The main advantages that
come to mind are:
Low Startup Cost
Perhaps one of the most attractive
aspects of business on the web is the extremely low barrier to entry.
If you were to consider a normal
offline business, we'd be talking about some sort of office space or shop space,
one or two employees at the very least, some kind of inventory, maybe renovations,
and lots of other smaller expenses.
Even if you were to work on a shoe
string budget, you may need at least $50,000 to run for a year.
And a lot of businesses do not show
a profit in the first year.
Do you have $50,000 to spare? And
that's just for the first year!
The Internet, on the other hand,
actually allows you to start a business at ZERO cost. There are lots of free
stuff on the net. You can use those resources to start a business at no cost.
Of course, it is highly advisable
for you to pay for certain things, like a domain name, web hosting and one or
two services that will help automate your business. Your business will run more
smoothly and gain more credibility, and be more profitable in the long run.
Remember what they say about free
things, "You get what you pay for."
For a start, we could be talking
about $50 to $100 a month. You can afford that, right? Bet that's less than
your kid's allowance.
Working for Yourself
Ever really stopped to think where
you are heading?
You are earning a monthly salary
with yearly increments and bonuses. Not bad actually.
But how about that dream of owning
a luxury yacht? Or that villa in France?
You can work 16-hour days for the
rest of your life, but those dreams will remain just that - dreams. :(
The company can take off because
of your hard work, and you can get nice fat bonuses, but the only person that
will be getting that luxuary yacht will be your boss. You are never going to
get that yacht.
Things will be different when you
are running your own online business.
You can work very hard, or you can
take it easy.
The good thing about it is that you
will reap the rewards of your work, or laziness. :)
If you take it easy, your business
probably will not go that well but if you work very hard, that luxury yacht
will be well within reach.
work part time
For most offline businesses, working
part time is not an option - at least during the starting stages.
You will have to quit your job, sink
in a good sum of money into the business, work like a dog, and hope that in
one or two year's time, the business will still be afloat.
80% - 90% of businesses never make
it past the first year.
For an online business, you do not
need to quit your day job. You just need to invest an hour or two a day and
some pocket change - $100 a month is plenty - and you are off.
In time, when the income starts to
get serious, you can then consider quitting your job and working full time.
Talk about having your cake and eating
work in your underwear
Or, you can work without it, but
that's not what this site is about. ;)
One of the attractions of working
online is that you can work at home.
Imagine not having to rush through
your morning routine everyday, afraid that you'd be late for work. You can have
a nice leisurely breakfast and then, maybe still in your jamies, pop into the
office for work. Imagine the time and money you'd save not having to commute
And, your time is flexible as well.
You don't have to be worried that
the boss will be unhappy that you have to take half a day off for that afternoon
dental appointment. You just give yourself half day off. :)
But do remember that flexible time
does not mean less work, it just means that work can be rescheduled to a more
Why Do Most People Fail?
Why Should I Start A Business On The Web?
Can Anybody Do It?
How Do I Start?