Why Start An Online Business And How It Trumps Offline Business
The financial crisis of 2009 / 2010 has severely affected the financial capabilities of many households. According to Wall Street Journal, half of Americans would not be able to deal with an emergency that would cost them $2000 in the next 30 days.
And many experts suggest that the risks are still enormous when it comes to stock markets and economy in general.
So how do you make yourself financially secure in the years to come?
Why An Online Business Trumps Offline Business
Lots of people have been looking to start an online business now that the Internet is all around us. And common sense tells us that there is no stopping the Internet from getting to every possible device and part of our life.
Which means that offering your products and / or services to billions of people is the way of the future.
Here’s why an online business trumps offline:
Imagine a typical offline business – selling a product. This can be clothes, cell phones, furniture, etc.
The company involved in an offline business has to typically buy the raw materials, manufacture the product and then sell it with profit.
When they run out of stock, they have to manufacture the product again in order to earn money.
If their production stops so does the income.
An online business on the other hand creates information and ideally – digital products. The information on how to tie a tie for example does not have to be updated every month!
And creating a digital product costs you only once – after that there are infinite copies of the product.
This is the single most advantageous factor of an online business compared to an offline business: you have unlimited copies of your product!
I created a set of videos for tennis beginners in April 2007 and still made 337 sales in the last 12 months. I worked hard for 3 months to create that product and have been earning income ever since.
Starting An Online Business Or Looking To Make Money Online?
The key to long term success though is to build a stable online business. But that still requires effort and time and some money invested.
The more exciting and on the first sight more profitable approach is to try and make money online.
That’s why there are 15 times more people looking for information on how to make money online than people looking to start an online business.
Making money online is for most people the search for the best way to game the system and to earn the most money in the easiest way.
I understand that approach as I have used it too in the past – and it worked really well for some time.
But eventually every trick will be abused so much when the masses learn about it that major search engines will change their algorithms and advertising networks will lower their payout and the latest trick will not work anymore.
Building a sustainable online business on the other hand is the approach that will work in the long term.
The key to success is to approach it EXACTLY the same as you would starting an offline business.
The only difference in the long term will be much higher profits as you’ll be creating digital products with infinite number of copies and you’ll be able to reach millions of people instead of just a few thousand that pass by your store in a typical month.
My personal recommendation to start your online journey if SBI! And I also offer to help you out at the beginning stages.
But even if you don’t choose SBI, you should seriously consider starting an online business with another system because of its many advantages compared to an offline business.
And if you’re still not convinced that the current financial system is unstable, then I warmly recommend that you get yourself a copy of the Oscar winning movie Inside Job.
You’ll see what kind of people are really pulling the strings in the background and that because of their greed and obsession for power the next financial crisis is inevitable in the near future.