I no longer have a day job since 2009. At the time of writing, it means that I have been full-time with my online business for ten years! I’m grateful for that, especially for the freedom that it gives me.
I understand that online business is not for everyone, but I believe that it’s a good option for many people.
Here I’d like to give you eight reasons why you should consider building an online business. The eight reasons are:
- You can live out your passion.
- You can realize your potential.
- You only need a little amount of capital.
- You can spread your risks.
- You can be compensated fairly.
- You can outsource or automate it.
- You can control your time.
- You don’t have to retire.
Let’s look at them one by one.
1. You can live out your passion.
What is your passion? Now, what if you can make a living doing that? Wouldn’t it be great?
The fact is, you can do that by building an online business. The business is yours, so you can express yourself through it including your passion.
2. You can realize your potential.
To feel fulfilled at work, you need to realize your potential. Having an online business allows you to do that. Because the business is yours, you can use whatever talents you have without restrictions. You can write blog posts, create videos, develop apps, or whatever it is that you have in you.
3. You only need a little amount of capital.
Unlike an offline business, an online business requires a relatively little amount of capital. For example, you can start your own website for less than $100. Compare that to renting retail space for an offline business.
4. You can spread your risks.
Because it doesn’t take much capital, you can start multiple ventures if you want to. This will spread your risks; you won’t put all your eggs in one basket. If one of your ventures failed, there are still others.
5. You can be compensated fairly.
When you work at a company, you might not get what you deserve. You could contribute a lot to the company but be compensated a little.
That’s not the case with having your own business. Here you can be compensated fairly. The more value you provide, the more you will make.
6. You can outsource or automate it.
The nice thing about building an online business is that many parts of it can be outsourced or even automated. For instance, you can outsource writing or graphic design to freelancers. And if you sell digital products, the entire process from displaying the products to delivering them can be automated.
7. You can control your time.
If you build your business the right way, you will be able to control your time. You can choose what to do and when to do it. Your time is yours. Nobody can impose their will on you.
8. You don’t have to retire.
Many people find it difficult to adjust to life after retirement. It’s like losing a part of their identity. By having an online business, retirement is optional. You can retire if you want to, but you don’t have to. You can keep working for as long as you want.
These are eight reasons why you should consider building an online business. As you can see, there are many benefits of having an online business, but it’s up to you to decide if it’s for you.