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How Online Business Is Better Than A Physical One

In today’s financially strapped world, many are looking for alternative ways to earn. Either as a worthy substitute for what they currently do, or as a means to augment their income. Perhaps the easiest way to earn on the side is by setting up an online business of your own. Whether you sell a service or a product or products, online businesses don’t cost as much as starting a physical store.

When you start a business, for the sake of the discussion let’s say it is a store that sells blankets, in a physical store you have to spend for a business license, rent for the place you will be setting up in (unless you are lucky and own your own space in a commercial area), hire a staff, renovate the place to suit your business, pay for the utilities, spend for security, furniture, and many other expenses. Add that all up and it can total to a small fortune. Not really feasible in the recession we are in.

Now, for a business that is online, here’s what you would likely spend for: a domain name (roughly $5 a month, more or less), someone to build your website, someone to market your website and a “click to buy” service. Not much right? But also remember, you can lessen that even further if you really want to save. You can use a free blog service for starters (many small businesses use Multiply or WordPress), you can bypass the website developer then since free blogs usually have a relatively simple template and layout for you to work on, and as for marketing, you can even learn SEO, or search engine optimization, on your own.

Then there’s the “click to buy” service. How can you bypass that service? Well, you can start by being a trustworthy individual and have people wire transfer the money to your account, or you can use paypal (which is a free service). Though the problem with these is that though you are trustworthy, your buyer may not, so stick with paypal. A paid service will work better of course, but there are numerous workarounds. So how much have you spent now with an online business? Basically nothing except your time.

Now, of course starting a business online is more than what is written above. There are other things to consider, and though not all may have workarounds so you can avoid paying more, the overall money you will be spending as capital is very minimal as compared to a brick and mortar store. One other thing that’s great about having a business online is that you get to work when you want to , wherever you are. You may have to invest on a mobile phone with Internet access so you can check incoming orders regularly, but that’s just a small cost considering you can do business while on the beach drinking a pina colada or margarita. It’s either that or you can choose to personally visit your physical store everyday and endure the stresses of the daily commute. Doesn’t paying for a data plan now seem like a good idea?

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