Gone are the days when the business world was accessible only to those who have been trained long and hard for it. Gone are the days when it was only available to one gender, or one age group. Now-a-days, entrepreneurs of all ages are entering the business world, largely through online platforms. Thanks to the rules of the virtual world being more relaxed, everyone can give online businesses a try. For sure, it is not without risks, and it definitely takes a lot of effort. But here are a few of the cons we find in most online business.
The set up is pretty simple
Unlike when you have to open a company or business in the physical world, setting up shop in the virtual world is much simpler. This, of course, definitely depends on the nature of your business or the type of service you plan on selling or providing. But the good news is that in today’s time and date, almost every business has been brought to the virtual world; which means you have someone’s experiences and mistakes to learn from. And though the competition is high, if you are willing to learn, there are a lot of paid and free advice to guide you to successfully launching your own online business.
There’s not much costs involved
Again, it may depend on the nature of your business. But it general, in the case of online business, you need not pay rent for a physical store, you don’t need a whole army of employees (initially at least), you need not bother with business or Hong Kong company registration and bank account, and the fees that it involves…you need not even pay for utilities…! These are all definitely for small businesses; as larger businesses can be a little more complicated.
You can generally play it by your own rules
As with freelancers, being the owner of an online business means you can generally play by your own rules. Of course, there are some universal rules that need to be followed; but it can be fairly flexible. What is important though, is to train yourself to be disciplined. Without self discipline, and a well organized plan, you’ll find that everything could go south pretty easily. Having a business partner to keep you in line will be of much use here.
It’s accessible worldwide; and you get a wider customer base
We have much to thank the internet and technology for. Not only has it made several businesses available to even those who are stuck at home and unable to travel, it has also opened up numerous avenues for business adventures. Having an online business also means, if you choose, you can sell you products and services worldwide. Social media can be of great assistance for this.