10 Reasons To Start An Online Business

There are so many benefits to starting an online business! Here are our top 10 reasons you should consider it.

1. Low risk with excellent income potential

Making money online with information has a very low risk factor and high profit potential. With the proper approach, information products can generate revenue from around the world. Usually what people have most at stake is their reputation as a provider of high quality information.

2. Minimal start-up costs

If you already have a computer then your biggest investment will be your time, not your money. If you don’t have a computer or internet connection at home, chances are you can access one fairly easily on a weekly basis at either a library, community center, or a friend’s house.

3. Achievable for most people

People of all ages and backgrounds are learning how to start an online business. With help that is readily available, you have the potential to create a healthy income, even with limited understanding of computers or the internet.

4. Ability to generate passive income

Do the work once, do it well, and get paid for life. Passive income, also known as residual income, is money that is generated from the same source over and over again, with little effort to maintain it. Rental property income and royalties from hit songs or best selling books are common examples. Now it is possible for the average person to generate passive income doing what they love.

5. Helping others & making a difference

If you can legitimately help others with your knowledge, it creates a win-win situation. One thing is certain: you won’t succeed if the quality of your work or product is not perceived as helpful and valuable. Someone once said that life is a puzzle and that we each have a piece to contribute to help create a greater whole. Now’s your chance.

6. Own your own business

Many people gain financial control of their lives by developing a successful business of their own. While some are happy earning a few hundred dollars extra a month, other people set the goal of replacing their current employment income.

Note: Because this type of business can be grown flexibly in your spare time, it’s recommended that you keep your current job until your revenue reaches a sustainable level.

7. Access to a worldwide market

Theoretically you can connect with every single person in the world who uses the internet – approximately 1.6 billion people as of 2008. And you don’t even have to leave the house!

8. Work from home

You have the luxury of being able to work from home – or anywhere else in the world with an internet connection (including that beach you’ve always dreamed of…)

9. Earn money 24 hours a day by automating the order process

Most of the administrative work relating to ordering & delivery can now be automated. As a result, it’s possible to receive and process product orders 24 hours a day, 7 days a week without being anywhere near your computer.

10. It’s FUN!

Sure, it takes a lot of work to get it off the ground but you get to spend your time thinking, writing, and learning about something you’re passionate about!  It’s the passion that will carry you on when the workload becomes mundane…  As someone once said, “Successful people do the things unsuccessful people don’t.”

Why Should You Sell Information Online?

If you want to start an online business with basically zero risk and minimal startup costs, you should consider learning how to sell information online. It is the ideal business model for anyone who enjoys writing and would like to build a business in their spare time.

If you want to start an online business with basically zero risk and minimal startup costs, you should consider learning how to sell information online. It is the ideal business model for anyone who enjoys writing and would like to build a business in their spare time. One amazing thing about a website or blog is that you can work in spurts, putting in time whenever you can – or taking a break for 6 months – without harming your business in the same way you would in a traditional bricks and mortar business.

Learning how to curate and sell information online is easy. It will take work to build up enough content to start making money but the process and work itself is straightforward. If you want to build an internet business and make money with information as an infopreneur you first need to decide on what your focus is. Almost all successful infopreneurs have a dedicated focus – a niche – for their content development. This allows you to target very specific niche markets and know that your audience is interested in what you are writing about. If someone is going to share their email address to join a mailing list they want to know what it is they’ll be receiving. A targeted niche helps them feel comfortable that any time you email them, the subject matter will be interesting to them.

The actual prep phase, getting a blog or website off the ground so you can focus on writing has never been easier. Literally, anyone with a bit of help (which is readily available) can lay the foundation to build upon. What gets tough is consistency – like 3x a week or more – adding quality content that is of value to readers. Even if you have a static website with good information, it’s necessary nowadays to regularly add content – usually via a blog – to help with your search engine optimization (SEO). The recommended minimum length of posts is 500 words but 750 is better.

People expect great content to be accompanied by great images. There are a ton of ways to make your site or blog look great. One of our favorite places for beautiful free images is Unsplash.com. But stock image photography is very inexpensive and will do wonders for first impressions.

Until you have a lot of traffic or emails on your contact list you likely won’t be making any money. While your content continues to grow you will begin looking for ways to drive traffic to your site. SEO is critical for organic growth via search engine traffic, but relatively inexpensive paid sources are also an excellent tool for growth. Both Google AdWords and Facebook advertising are proven methods with many saying the value they get with Facebook is significant.

If you feel insecure about these next steps, don’t worry! Learning how to sell information online is easy if you take it step by step. The most important step is to develop your content. The ‘Build It And They Will Come’ approach does actually work to a good degree. There is a saying online that ‘Content is King’ and it’s true. If you have poor quality information how could you ever expect to make money with it?