Online Business Model 7 Reasons to Work Online

online business modelSetting 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

an online business is open 24/7Unlike 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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If you have any questions or comments on my post Online Business Model 7 Reasons to Work Online please leave them below.

18 thoughts on “Online Business Model 7 Reasons to Work Online”

  1. These are 7 great reasons to work online. You can reach a global audience and it is open 24 hours a day 7 days a week. I have never heard of HootSuite, I will surely look into that as it seems perfect to use with all kinds of social media. All 7 of these reasons are great reasons to work online and more and more people are doing exactly that these days. There are a lot of advantages to working online. You can make a lot more money and do it from home rather then having to travel back and forth to work and you can be your own boss and work your own hours.

    • Thanks for your comments Andy , yes working online is growing more popular year over year . The easiest way to start is with affiliate marketing , start up expenses are low and there are so many opportunities to partner with a vendor form hardwood floors to perfume . If you get a minute I suggest you read my post on Best Home Based Business Ideas – Wealthy Affiliate Program , honestly it gives you the best chance to make it online . They offer 10 free lessons and will give you a solid foundation to start your online venture with , Thanks Rick 

  2. Great post that lays out not only why online marketing is a good business model but also adds in some good recommendations for tools that will make getting started with the business easier. I totally agree with your rationale and for me personally, having been in the business for 4 years now, I can say that what you are advocating will work.

    You also mention three good tools that can help scale up your business faster. These services will enable you to get more done and have a wider footprint on the internet to get additional attention, traffic, leads and sales over time. This is essential to earning enough to replace a regular 9-5 job.

    I definitely agree with the research recommendation as well. As good as the opportunities are unless you have done the proper research, you will not be sure that there is a market for whatever it is that you focus on. You also want to know who the customer is, what problems they may be having, and determine how you will provide solutions to the problems.

    Online marketing is a viable business model, is not expensive to enter, especially when compared to a brick and mortar operation, and can be fun and exciting. In my own experiences to now, I would not ever return to a regular job, it just is a lot easier and more rewarding to have my own online business! 

    • Thanks for your comment Dave , I have to agree working from home is awesome , I could not imagine going back to a 9-5 either .To your success Rick 

  3. Hello Rick,

    The number one reason to work online is comfortability. Being able to control your own space without having to take orders from anyone. Also knowing your in charge is a good feeling because you determine the direction you want to go in and when you want to rest.

    However, working online can pose some difficulties too. You could lose motivation especially if you don’t have people around you. 

    Thanks to Wealthy Affiliate, you have a large family who would always keep you motivated and yearning for more. It’s just a matter of weeks now before I become a full-time online affiliate marketer. 

    I’m absolutely relishing it !!!

    Warm regards

    • Thank you for your comment Louis , Glad you found your way to Wealthy Affiliate , it is the place to be to have the best chance to succeed online . To your success Rick 

  4. Great article, you had me convinced from the get go that this would be something I would want to do.  I like the list of reasons you gave for someone to make the decision to start doing this.  One thing I found interesting was the automation near the end.  I have not yet looked into this but I may now.  I am going to bookmark this page for easy reference.

    • Thanks for your comment Jeffery , yes automation for menial tasks can free up extra time to get other things done that are important and necessary to keep your online business purring along . All the best, Rick  

  5. Thanks for writing a great article I enjoyed reading very much. Working online definitely seems to be the best way to go in this day and age.

    The benefits from working online are better than the benefits of working just about any normal job, we have the freedom to do what we please with our time which is a HUGE factor because it means we have more time to actually live. This along with all the benefits you talked to us about in your article make working online a gift that we should grab with both hands and get the very most out of!

    Jack.

    • Thank you for your comment Jack , yes working online can be very rewarding , it’s not for everyone though . Some folks believe that they can just push a few buttons and make money online . If you are serious about working from home check out my Best Home Based Business Ideas – Wealthy Affiliate Program , I believe it’s the best option for anyone wanting a real chance to succeed 

  6. nothing can be compared to sitting in your convenience and earning good cash from home. My quest for excellence to make it online is nothing to be compared of.

    I have learnt alot from your highlighted points and i hope i will make good use of it someday. Thanks for this incredible post; it is well appreciated 

  7. I really want to make money online and these are the reasons behind my motive and I’m sure those earning money online, this is exactly reason why they venture into the online world. I really love your site and I will keep following you to get more updates from you. Thanks for sharing this information

    • Thanks for the comment Lok  and your kind words check back time to time and see whats new on my bog . To your success Rick 

  8. These are some seriously great tips to help with starting an online business along with the reasons as to why an online business is really the most effective way to start any type of business. I have used mail chimp in the past and that is a great program. Any thoughts on using Sumo vs. Mail Chimp?

    • Hi Dave thanks for your comments , I have not tried using Sumo for an email service , they only have a 14 free trial then they are subscription based monthly . I prefer to save money where I can and can have up to 2000 contact free with mail chimp . Just my opinion . thanks Rick 

  9. Thank you for the tips and advices on how to better a businees online. I have recently started mine and it is in the growing phase. I had heard before of mail chimp but what i found very interesting is the Hootsuite. I never heard of the program before and since i can of hate social media a little to have someting that can help me keep track of how the businessis going in the social media i think it is a fantastic idea.

    • Hi Barbra yes there are many free tools like MailChimp that you can use when starting out  just search google you will find a lot of helpful marketing resources . Here is a link to a Free SEO Keyword Finder if your interested 

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