Why You Should Invest In An Online Business
Anything can be sold on the internet from self-help products to even buying a cow. Automation has made starting a blog or creating an online presence even easier than just a few years ago. WordPress can link with a lot of other platforms so building an online store is simpler and easier than ever. The biggest advantage of being online means you have a second income stream if you work another job and there is very low cost and very little risk to investing in an online store.
Learn how to build a website for less than $10 a month and 9 other tips to start an online business.
Online businesses are generally lower risk than brick-and-mortar businesses because setting one up doesn’t have to cost a lot. Another reason online businesses are low risk is because of their adaptability. With the right investment in terms of online marketing, Search Engine Optimization (SEO), and so on, it is possible to turn a losing business into a profitable one in a relatively short amount of time.
There are also a myriad of unique ways to make money from your website aside from creating and selling your own products, such as affiliate marketing. This means new ways to create an income stream online.
Companies like Shipwire and Shopify even handle the logistics of ordering, shipping and handling for you if you have a physical product. An online presence also means you can work anywhere in the world (as long as there is an internet connection) and the whole world becomes your market place. Plus if you learn the ropes you can become an expert in online marketing which could lead to jobs managing social media for a company, marketing analytics, or even becoming a content expert.
About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.