It's a new beginning, speaking of a fresh new decade! But running a business online has not just started and did not end with the immediate past decade. This, if not for other reasons, is one among many reasons to start an online business in 2021.
One thing is important to note here.
While it is still the dream of many people to set up and run a successful online business and live the Internet lifestyle, a lot of others have started one but failed in their online businesses.
Every business has an approach that determines its survival, an online business is not an exemption.
To survive an online business, you have to follow certain approaches using certain online business tools to achieve an excellent result.
Many people have failed because they do not use the right approach to setting up their online business and making it a success.
In the real sense, starting, managing or maintaining an online business is tough, quite tougher than people think. But it is something that can be started and run within 30 days if you put in the work.
This is one single reason why you need someone, an experienced coach to put you through the process, one step at a time.
In this blog and this post especially, I will do everything possible to help you get 10 outstanding seasons to start an online business in 2021.
You will learn in another post, how to choose an online business model to run a successful online business.
In other subsequent posts, you will discover lots of tips and advice to help you scale the business model you will have selected at the end of the post.
Why should you start an online business as opposed to a conventional brick and mortar business?
Reasons to Start an Online Business in 2021
It costs a lot less to start an online business
You don't need so much money to start an online business. In fact, with less than $100, you can actually set up an online business and start running immediately.
Although, you may have to spend some more on the run, especially on social media advertisements (Facebook, Twitter, Instagram, etc) or Google Ads. But to actually start an online business, you don't have to save up a thousand dollars to kickstart.
If you do not wish to create a website for your business, you want to make use of your social media accounts for FREE to kickstart it. Later on, you may probably and importantly, scale it up by creating a business website or blog like this one.
As I’m sure you’re aware, the process of starting a brick and mortar business is not cheap. After all, you have to rent commercial spaces, pay for the furniture and equipment and even pay your staff.
Some business ventures can cost millions of dollars just to get started.
Setting up an online business only requires some basic requirements that are way cheaper than the brick and mortar establishment counterpart
You do not need to hire any staff
Connecting with the low cost of starting, another good reason to start an online business in 2021 is that it does not require you to hire any staff.
To start an online business, you need an internet connection to start showcasing and selling your products or services. And that's where outsourcing can come in handy. Outsource work to take some of the burdens off your shoulders.
I would say it is a luxury indeed.
The only boss here is no other than your very own mind which no one else can boss around or make decisions for you.
The reason is that it is something you can run conveniently on your own for a start. However, as your business expands, you begin to find the need to build up a team of different skills to man the growing departments of your business.
But in reality, you may not need to hire a staff to start an online business.
You do not need an office or other commercial premises
To start up a brick and mortar business, you necessary require an office or commercial premises.
Apart from the fact that it costs so much money to get an office space, it also involves a whole lot of other unnecessary business maintenance expenses if compared with the cost of starting an online business.
An online business only requires an online presence.
Provided the necessary online business tools (such as a laptop, internet, a website, a social media account, etc) are available, you're good to go from home or anywhere in the world.
You can start an online business today
Considering the simplicity involved in starting an online business, it is something you can start today, I mean, immediately.
I have heard folks say they can't actually start immediately even when they have developed the interest. It is either they do not know they can kickstart something immediately and continue nurturing to growth level.
This is one of the very good reasons to start an online business in 2021, as you can actually start right away!
You only need a computer or mobile device and an internet connection
Oh yes, this has been flogged earlier!
A laptop or desktop, or a mobile device, as well as an internet connection, already makes you an internet business owner if you have a product to sell.
Aside from these, there is actually nothing else to own EXCEPT knowledge and internet marketing skills development.
Work from anywhere
With an Internet connection and devices like a laptop computer, or a smartphone, you're good to operate from anywhere in the world doing progress to your business.
There are many owners of 6 figure online businesses who are either running their businesses on a part-time basis, while others work from home.
You can set your own hours
The ideal number of time a beginner spend working online is relatively dependent on what he or she understands about the business.
Regardless, you determine your own hours of work as you can choose to spend an hour or two a day for your business.
When I personally started out with my online business, I knew I was in for a work-plus-learning phase. So the process of achieving more was delayed but I took it one step at a time.
You see, quite unlike the regular job that requires you to stay with time stipulated by the company, most likely an 8 to 14-hour job a day, you don't have to go through that with an online business.
Many 6 figures earners are the ones solely determining to work the hours that they choose, and from anywhere.
This is, if not the best, one of the best reasons to start an online business in 2021 or at least, take your existing business online.
People are used to making purchases online these days
I once received a question from one of my students about how to sell a product online. In the actual cases, she was afraid her products might not bring in sales.
Well, it was a relief after receiving a cheatsheet covering how to make people purchase your products online.
People are used to making purchases online these days unlike before. It is easier as it requires a simple click-through. The bulk of work to be worried about is in fulfilling your orders if you do not have an automated system in place
You do not need any technical skills
With the advent of drag and drop, you do not need technical skills to set up a business online.
All the skills you need to run an online business. However, you need to understand digital marketing and online selling skills, customer service skills, time management skills, communication skills, problem-solving as well as writing skills.
You can outsource different tasks to freelancers
Understandably, while a simple online business may not require too much time to set up, it may require you to outsource tasks to freelancers. This particular reason to start an online business is also very vital because there are very many skillsets that can be outsourced at minimal cost to get good results.
If you wanted to open a shop in a mall then you would need a lot of money to do this.
You have to provide stock for your shop and pay commercial rent. Someone has to take care of the shop and if this is not going to be you then you will have to hire people.
You will also need to advertise your shop.
If you are in a busy mall then you will get some potential customers to walk in out of curiosity. But to do really well you need to do a lot of marketing to get people to your shop.
Of course, you will need to advertise your online business as well and we will cover this in a later section on this blog.
But it is easier to market an online business than it is a brick and mortar business and your reach is much larger. You can literally sell your products and services to the world with an online business.
If you have a job that pays the bills at the moment then we recommend that you keep this and develop your online business in your spare time.
This can be tough if you have a family but talk to them and explain that things will be better in the near future. You need your family on board with what you are doing.
In a nutshell, running an online business, howbeit better, you will need to take your time to grow the business if you're managing a job. You may need to take it gradually and quit your 9-5 only when you are satisfactorily earning substantial enough.