6. Live / Work from Anywhere
Are the long cold winters starting to get you down? Are you tired of the constant heat and humidity where you live? Taking your business online gives you the ability to have location freedom so you can live and work from anywhere you want; you’re not stuck to a physical location.
As long as you have a solid internet connection you can live virtually anywhere while you conduct your online business. Many people live in one continent, have their hosting on another and their warehouse on yet another. The world has gotten very small and you can take advantage of this. You could even move to the Caribbean or South America, enjoying a low cost of living, while doing business online.
With few exceptions, the internet reduces your need to “be” somewhere. Live where you want to, and let your business adapt to your lifestyle instead of the other way around. There are some notable exceptions, like landscapers, surgeons and home painters who must be in a specific location to perform their work.
Of course, as appealing as this all sounds, having an online business is not for everyone. There are many reasons you should not start an online business and keep your day job or traditional business.
7. Reduce Operation Costs
Just one single task can make a significant difference in cost savings. For example, receiving orders online reduces the need for customer service staff. With comprehensive sales and product information online, you’ll simply receive purchase orders and payments via email or into your database. Staff numbers can be reduced, thus office space and related office expenses.
A really good sales video, sales letter, or online webinar presentation can replace a full-time salesperson.
Making use of various online service providers you can now take all aspects of your business online, such as purchasing, billing, order fulfillment, and shipping. Other functions can include pre-emptive customer service—such as answering client questions via a FAQ section or a customer forum.
8. Target the Global Market
With your brick and mortar business, you are limited to the number of individuals who can visit you at any given time, let alone find you. With a good website, you can literally have thousands, even tens of thousands (even millions) of people visiting your online store at once. Imagine the potential for your company, if you could expose your products and services to a potentially unlimited number of interested people.
Being able to have thousands of visitors and actually having them are two different things. The success of an online business depends on the same thing as any off-line business: marketing. Learn how to increase blog traffic. Content marketing is a great way to increase traffic to your site / online store. Social media can be a powerful and inexpensive (free) way to drive qualified prospects to your site. I’d be remiss if I didn’t mention that mastering the art of copywriting is one of the most valuable skills you can learn to increase sales.
9. Increase Company Responsiveness
The internet allows you to deliver your proposal, purchase order, order confirmation quickly—in many cases instantly—to your clients. Online stores will process orders and confirm them to the client. In the olden days, purchase orders were called in, mailed or dropped off. Depending on the workload of the sales staff, it could have taken hours, or even days to process the order. With a competent online store application, you can automatically track inventory, sales numbers, outstanding orders – everything. Faster response time means happier clients and less administrative work for you.
These are some of the most powerful reasons you should take your offline business online. With all the benefits of having an online business many people are selling their traditional businesses and launching online businesses for the time, location, and financial freedom it offers.
Whether you are a service provider who has to be in a certain location or have the ability to turn your bricks and mortar business into an online e-commerce website; the internet is a powerful tool to reach more prospects and turn them into qualified leads and customers; with many of the processes being completely automated.
10. Pandemic Resistant
Just by looking at nowadays reality we can see that current pandemic situation seriously impacts many counties economy. More and more offline business have been shutting down with and can not survive. Landlords looking for rental income from their business owners and business owners have no physical customers to buy their products. With online business your products can reach those in isolation and landlords areas may be converted to a distribution centers.
BY RYAN HAINES
Bryan Haines wrote about online business we have added some more reasons to this good article.