Setting up and online business is becoming known as the best way to achieve success quickly. Using other models often involves more risk with longer time horizons. There are numerous advantages that an online business has over other models, and here are seven of them.
#1 – Online Business Model is Cheaper
By setting up an online business, you have almost no upfront costs. It is free to create a website using a service such as Site Rubix, you get 2 free domain names and hosting. In contrast, setting up a physical business requires significant expense and possibly even a loan.
#2 – It’s Easier
With online businesses, you can make extensive use of automation and software tools to make your life a lot easier. You can automate email responses, social media posts, and marketing efforts. You can also let freelancers do the work for you.
#3 – It’s Open 24/7
Unlike physical businesses, an online business is open 24/7. This means that customers can purchase from your site or read your blog at all times. You can also work whenever you want, on your schedule. The site is never closed. The people you hire to complete projects can also work while you are asleep or relaxing.
#4 – The Audience is Global
With an online business, people can look at your site from anywhere in the world. According to all the latest statistics, more and more people are going online for purchases. This means that you have a massive audience and many ways to reach them.
#5 – An Online Business is Easier to Scale
Online companies are often far easier to scale compared to physical outlets. The site capacity can be easily increased to accommodate increased traffic. You can also use paid search methods to gain traffic. And with eBooks, courses, and software products, it does not cost anything to duplicate them and keep selling.
#6 – Speed of growth
Online businesses can grow very rapidly with the right marketing methods. Once, it would take decades to become a millionaire or years to simply acquire a good income. But it is possible to earn a good income using the online model is a respectable time frame.
Read this recent blog post from a fellow blogger of mine. The possibilities for earning a real living are endless when you have an online business.
#7 – Freedom and Flexibility
Online businesses are so much easier to manage as there are more options available. Brick and mortar companies are limited to the people in the immediate vicinity in terms of customers. And they are limited to the skills of the employees that they hire. With online businesses, there is more that you can do to expand the business and it is possible to hire freelancers on short term contracts
3 Automation tools to use with your online business
Automation is going to be the way forward for online businesses of the 21st century. Those that automate are going to be the most successful. There is an automation tool for all possible tasks, from email marketing to paid advertising models. The trick is to find the automation tools that fit into your lifestyle and business model. Here are 3 of the better automation tools out there.
#1 – MailChimp
MailChimp is an email management service that can assist in streamlining email campaigns. MailChimp is a favorite email automation tool for startups and digital nomads. It is known for its ease of use and is the biggest email automation tool out there. It is also free to start allowing up to 2000 subscribers. Email marketing is still a very lucrative business model.
This is because while people may change their social medial platforms, they tend to stick with the same email address. So building up an email list is a great way to keep in touch with potential customers over the long term. Even aside from pure email marketing, it is always a good idea to maintain an email list to keep customers regularly engaged. For example, those who are creating a blog should maintain an email list, and MailChimp can assist with this.
#2 – HootSuite
HootSuite is the perfect platform to automate social media strategies. It can be used to monitor how your business is doing across different social media platforms such as Facebook, Twitter, Instagram, and LinkedIn. You can see how your brand is performing through the simplified HootSuite dashboard.
It is also possible to schedule and update posts as well as to create social analytic reports. The ability to schedule posts is a powerful feature that many freelancers and business owners are starting to take advantage of. It can significantly free up time. HootSuite is free for a basic personal subscription, though there are upgraded premium options.
#3 – Hubspot
Hubspot is an inbound marketing and sales automation tool that is extremely popular within the online business community. Marketing and sales is a difficult part of any business enterprise, and Hubspot can help to ease the burden. It comes with a free customer relationship management (CRM) system and is free to use.
It allows for email marketing and automation, lead generation, analytics, meeting scheduling, customer feedback, and ticketing. Hubspot has a massive online community who are very active and this is a very well-regarded automation tool that can streamline marketing campaigns.
If your considering starting an online business , ensure you do some research first . It will take some work on your part and don’t believe anyone trying to tell you different. Don’t go it alone and get some valid advice and training , it may be a bit of upfront cost but is while worth it . Click Here to check out some free training to get you started with your online journey.
To Your Success
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