What Is For Me The Best Business To Start?
If you're ready to start a small business, you already know that working from paycheck to paycheck won't make you rich and free. Right now you're more advanced than 90% of people still working for a boss. But you ask yourself which would be the best sall business to start for you? Should you go for a franchise? Or open a local store? Sell physical products or services? You don't know yet what the best small business could be for you and that's normal. You need to take your time for this decision and think it through.
Why Online Business?
At least 2 billion people are online today using the internet to find answers to their questions. Just think about it! Almost one out of three people on the earth use the world wide web on a regular basis. And this figure is growing daily! No need to tell you that the future is online. That's why you should consider getting into online business if you want to start a small business.
Why you should start an business online?
More time freedom
When working online, you don't have any restriction regarding opeing hours and working hours. You can literally work whenever you want as your business is open 24/7, without a need of being physically present in your store. This also means that you enjoy full location freedom as you're not bound to one physical location. Actually you can travel the world while managing your business. This characteristic is even stronger as you can automate and outsource large parts of your online business. No need to do recurrent tasks yourself. You can focus on growing your business and having a good time with your family.
Low start-up costs
Starting a small business online is ridiculously cheap. Especially of you compare it to other offline brick-and-mortar business. To become a Mc Donalds or Starbucks franichisee, you need at least several hundred thousand dollars to get started. And you become profitable only after three to five years. Having an online business will avoid you to have overhead, huge rents and stocks. Of course you'll have to invest some money to get usefule and necessary tools and programs. But the cost is really peanuts compared to any offline businessmodel.
Very interesting profit margins
The average profit margin for offline businesses is probably around 5-10% maximum. Ask any online entrepreneur what he thinks about this figure and he'll smile in your face. With an online business selling infoproducts and services, you can easily achieve margins of 80 or even 90%. Simply because your selling system is very light and can be automated. No or little distribution costs. A global marketplace you can leverage. Easy to outsource processes. All this characteristics of online business will help you to enjoy high margins and high scalability.
Choose a business that fits you
No matter if you choose a brick and mortar business model or an online business model, the last and probably most important thing to take into consideration is your personality. Does the business suites you? Do you feel comfortable in it? Can you imaging to spend an important part of your day working on it? If not, than you should move on and continue your quest. An online business may fit a lot of people, but others don't want to work on a computer all day long. It' really up to you.
About the Author
For more information about the best small business to start, check out this site, http://thebestsmallbusinesstostart.com/ . Another article that I'm sure you'll like is this Money Sites review here, http://thebestsmallbusinesstostart.com/money-sites-review/.
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