Online Business?
There’s no doubt you are giving starting an online business a thought because of some personal reasons that range from wanting to be your own boss, the current economic condition and the need to fit in the information age.
I have brought together for you 7 reasons why you should get into the online business world and a free training to help you have a clue of how it works.
Today, with the internet, it is extremely easy to start your own business in Nigeria. I have started an online business too and thousands of people are doing it.
I have been teaching people how to go about it and you too can learn the very simple things to do it as well.
7 Ultimate Reasons to Start an Online Business In Nigeria
Right here in Nigeria? Yes. Just consider these 7 reasons and view things through the binoculars of possibility.
People spend money on the internet, you can get a piece of that
Internet spending is predicted to account for 40% of all retail sales by 2020 and 58% of the world’s internet users now shop online. Online shopping retail sales are predicted to grow steadily to $370 billion in 2017, up from $231 billion in 2012. This is a huge amount of money online just waiting for you.
People spend money online to get something they want so dearly. I spend my own money online as well and just like most people, I like shopping from the comfort of my home.
E-commerce websites in Nigeria, like Konga, Jumia etc receive orders from customers 24/7 and they get paid for it.
Download this guide to understand the 3 proven ways money is being made online.
Follow your passion and do things that matter to you in life
Not everyone was meant to live life as a corporate cog in the cubicle. Many of us are entrepreneurial minded but are just too afraid to take the leap and go for it.
Also Read: How to discover your passion in 5 easy steps
Running an internet or online business will give you the time to do the things that matter to you the most. Spend more time with your family, friends and other things you please.
You are free to come and go as you please. You can go on holidays as you wish, that wouldn’t be possible if you have a boss.
Your online business is open 24/7 with no geographical limitations.
This is real. As compared to most brick and mortar shops or physical stores, your online business is open 365 days a year, public holidays inclusive.
This means you can make money anytime of the day even when you are sleeping; someone is on your website, looking for information on what you offer, your contact details, price and other things
Related: 14 Reasons why you should bring your local business online
You can be based in anywhere. You can render your service or sell your product to anyone across the globe. There are no limitations. You can sell your products from your local community to anyone in any country
Running an internet business is more fulfilling than working for someone else
Running your own business is reasonably more fulfilling than taking orders from others. There’s no such thing as job security unless you create it.
Your employers want money and they don’t care how loyal you are and they will do what is necessary for profit not what is necessary to keep you happy.
You cannot rely on anyone or any company to employ you forever. You can only rely on yourself and control your income.
When you have a job, you make a set amount of money. The opposite is true when you run an internet based business. Your income is directly tied to how hard and well you do your job.
The sky is just the beginning when it comes to making internet money as long as you work legitimately for it. If you sell one product online, you can train yourself to sell fifty.
If you decide to expand your service offerings significantly, you can always take on additional employees to help manage the workload.
Instead of negotiating a 3% raise with your boss, you’re essentially creating this increase (and much more) for yourself- a truly empowering experience that makes all the risk and uncertainty of internet business worth it.
Quitting your job or not getting employed is not what I’m saying here, you can have a side business (online business) to increase your earnings.
You can work from anywhere
This is one of the most interesting parts. Have you ever thought of having your office in your bag or your pocket on the move? All you need is an internet connection and a device. It’s that simple.
Enjoy low startup costs
If you’ve always had an entrepreneurial bent, know that business owners who choose to launch their ventures online enjoy substantially lower startup costs than those in the real world.
Think about it, here in Nigeria for example, a real world business owner must pay for rent for office or store, but for an online business you do need to spend money but not as much as compared to an offline business.
As an online business owner, your only real expenses will be a domain name and hosting account. Even if you do decide to invest in tools that will make running your internet business easier, your overall investment will still be much less expensive than maintaining a physical presence offline.
You can do it.
The internet is not for computer science students alone, it’s for everyone! Whether you are computer literate or not, you can have an internet business here in Nigeria.
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