Why do People not Start their Own Online Business?
There are many people who want to start their own Online Business but many of them gave up because they think starting a new online business can be very burdensome. One thing they are concern is starting new online business has no guarantees of success. Thinking of scarifying a stable income for an uncertain business and unsure payday also tend to provoke fear.
Below are some common reasons that many people gave up to start their online business (The pains):
1. The economy
Economy is the most common matter people concern about as it reflects the market availability and they always assume it is not the right timing to start. This kind of belief is strengthened by the nay-sayings politicians and journalists who magnify even the very worse economic news. Hence, people are afraid if they start online business now, they would not gain expected profits when the economy is bad. Remember, though, “economy” has no single entity and it can be very vast. If you plan well and choose the right business to start such as selling things which current market are not available, you can actually gain a lot of profits by doing that regardless the economy.
Debt can be a serious barrier for starting an online business. If you have taken student loans or credit card bills are lurking behind your back, you may not be in a position to acquire any start up financing. One of the ways to deal with it is to focus on the pre-existing debt you have. Instead of focus both at once, it is more important to repaying all of your previous debts first. Once you cleaned your all debt, it is not too late to move on to business ownership with clear mind.
Another fear that stop people to start their own online business is uncertainty intrinsic owning in a business. People who have salaried job is getting a guaranteed pay every month. Thus, people would feel insecure to start up a business because they will not get guaranteed pay like salaried job. But, in the other side, when your business does produce an income, there are no boss or employer to take that income away. All the income are determined by what you produce or sell.
4. No benefits
Another aspect that people are concern about is when they quit their salaried job to start off a brand new business, they will lose the benefits they currently have. Benefits such as health insurance is a serious matter worth addressing. But it is possible to form a pool with other start-ups to buy health insurance with lower group rates.
Still hesitate to start doing what you love? Here are some reasons you should start your own online business:
1. Work on things that you passionate about
Are you working on a 9 to 5 job that makes you feel dreadful? It’s time to make a change. As someone else’s employee, you aren’t working on things you really passionate about but you are doing for other people. By starting online business, you can start doing things that you truly love. For example, if you love doing crafts, you can sell your products online such as Etsy.com. You can always do something you love and gain profits through online.
2. Approach a wider range of different people and clients
If you already own an online business either it is selling products or providing service online such as designing web page for client, online presence can actually bring you wider range of customers. By working online, you do not have to worry about competitors around your area compete for the same segment of customers. Instead, you are free to think how big and how far your online business can go as a business owner. This could mean you can access your clients a few towns away or even going worldwide.
3. Enjoy low startup cost
Starting online business by your own can always enjoy lower startup cost than those in physical world. Think about it, in physical world, business owner have to pay rental for the office, purchase stuff like furniture, stationery and so on for the office use. You probably only need a laptop at home when you first startup your own online business. It helps you to save a lot of money and you can invest those money in your production.
4. Work at home, flexible time
Working from home means you setting your own working hours without unreasonable deadlines and constant interruptions. You don’t have to miss out on precious moments with your family by spending all your time at work and coming home too tired to do anything enjoyable with them. However, working from home means that you must discipline yourself so that you don’t end up spending too much time with your family during your working hours.
Online business means that you can do business right at the comforts of your home. However, there are many important things that you need to learn more about in getting your online business off the ground. One of which is the creation of your own website, and the need to obtain hosting, so that you can launch it onto the World Wide Web.
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A company who have its own servers, can get your web site hosted. In other words, a hosting service is one of the necessities in getting your own website visible through the internet. For sure, there are many ways that you can have your own web page today, such as creating a free blog or a free website.
However, in most cases, these types of services are limited and having one of those pages does not mean that you entirely own them, since another website is actually hosting it. In a nutshell, website hosting is very important because you simply could not launch your own website without having it. The hosting service provider is the one that will provide you with the space where you can upload your files that are related to your site, and they are also the ones who will ensure that your website is visible to people when they type your site’s address on their favorite web browsers.
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