| Why would anyone want to start a business in the | | | | they went and what they bought. |
| midst of the greatest recession the world has seen in | | | | 5 - Weak competition - During a recession, most |
| the past 70 years? | | | | brick and mortar companies cut back their ad |
| The real question you should ask yourself is, why | | | | budgets. However, with the right plan, it is possible to |
| not? Sixteen out of 30 Dow Jones companies | | | | gain market share buy using a strategy to get the |
| including McDonald's, Microsoft and Hewlett-Packard | | | | word out. |
| were all started during a time of recession. They | | | | 6 - Take control of your life - With an online |
| knew that the best way to gain market share was | | | | business, you do not have a boss to answer to. You |
| when the competition was at their weakest! | | | | cannot get fired, and you have total control of how |
| Building an online business is no different than any | | | | much you want to work or how little. When the |
| other business. It takes initiative and perseverance, | | | | business is reaping residual income, you can basically |
| but it can be profitable much faster than the general | | | | retire and let the online business work itself. |
| bricks and mortar businesses out there! | | | | 7 - No construction - Brick and mortar businesses |
| So what are the reasons to build an online business: | | | | need to be built for customers to come in to peruse, |
| 1 - Low start up costs - All it takes to build a | | | | purchase, eat, etc. For an online business, your |
| profitable online business is a computer, a website | | | | website is your storefront. Whether it be selling one |
| domain, hosting and a product to sell. With a little | | | | product or many, there is no need for an elaborate |
| savvy research, you can be up and running with | | | | setup. In fact, it can be done right from home....or |
| under $100 spent. | | | | take the work to Starbucks! |
| 2 - Speed to get your product to market - Building a | | | | 8 - The power of numbers - The internet is |
| website for your online business can be done in as | | | | worldwide...do I need to say more? If there are 7 |
| little as 30 minutes with some very user friendly | | | | Billion people on the planet, and only.1% are searching |
| development tools on the market. And what's best | | | | on the internet, that leaves 7,000,000 potential |
| is, most of those developer tools are FREE! | | | | customers. Of course, some of those are not looking |
| 3 - Minimal Ad budget - You ABSOLUTELY can get | | | | for your product, but everything scales down a lot of |
| the word out about your product with no money out | | | | people who may be. |
| of pocket. With the proper SEO techniques and | | | | 9 - There are no borders - With a worldwide online |
| other FREE Marketing that can be done, there is no | | | | business, you are truly global! There is no localized |
| need to even have an Advertising budget for your | | | | customer who you can only sell to, but people from |
| online business. | | | | all over the world. Even though whatever is being |
| 4 - Find out if the online business is viable much | | | | sold is not popular locally, it may be extremely |
| quicker - It doesn't take years to realize if a business | | | | popular in Europe, or China! |
| is going to work or not. With the amount of | | | | 10 - Time - You have time to do the things you |
| information that you can get from website analytics, | | | | enjoy in life. |
| you know how many clicked on your website, where | | | | |