5 Super Important Benefits Of Starting An Online Business Now

Understanding all of the benefits of starting an online business are super important. If you’re thinking of being a business owner you’re probably wondering why online business is so popular nowadays? With the internet right at our fingertips, starting your own business online has become a lot less complicated. My sister and I have watched online business evolve from “eh” to “all the rage” since we started in 2014.

It seems like everyone and her mom is a blogger or social media influencer (present company included), right? It’s true. The issue is though, so many new entrepreneurs jump in it just for the money. Making money is cool and all, but if you’re starting an actual business, knowing the reasons why it will benefit you is key! Unfortunately, this was an area we neglected to really research when starting out. We don’t want you to make that mistake. So, keep reading because this post is all about 5 super important benefits of starting an online business. Hey, us female hustlers gotta stick together!

What is an Online Business Anyway?

So, before we start blabbing away about the benefits of starting an online business, let’s talk about what an online business is. Simply put, an online business is any business on the Internet that sells products, services, or advertising, online. In other words, you’re not just spending your money shopping online, you’re actually positioning yourself to make money. Smart AF!

5 Benefits of Starting an Online Business: The List

#1 Starting An Online Business is Profitable

I mean hello! Would we even be advocating starting a business if there was no money to be made? You definitely have tons of opportunities to make money online. I won’t hype you up and say you’ll get rich overnight. You will have to follow essential steps, stand out and promote your biz.  However, you can position your online business to generate multiple sources of income. Using monetization methods like affiliate marketing, creating your own products and now, even collaborating with brands. These are all awesome ways that prove that starting an online business is profitable. My sister and I were able to go from zero to 50k within 6 months with our blog and business. And if we can do it, so can you, Luv!

#2 Time Freedom To Live Your Life

If there is one thing that is more important than money, it’s time! One of the greatest advantages of starting your own online business is flexibility. When you’re working a regular 9 to 5, your time is stolen. There just aren’t many bosses who are cool with allowing you to drop everything for afternoon brunch and drinks with the girls. Or start your day at noon when you’re just not feelin’ it in the AM.

Starting an online business gives you your time freedom back. As your own boss, you have the flexibility to set your own hours and days based on your overall needs and productivity type. You have the freedom to live and work from anywhere there is Wi-Fi, and choose to work when you know you’re most productive. Think about it. With your own business, you can set your business up to be automated, which gives you more opportunity to hang out with your friends, spend more time in bed, or just do whatever TF you choose!

#3 You Can Create A Business You’re Passionate About

One of my favorite things about finally starting our own business was finally creating something I was passionate about! It’s so rewarding. As an employee, I was hired to help fulfill someone else’s vision. Not the things I was excited about. Starting an online business helps reignite your creativity and begin to build around the things that mean something to you. This makes waking up and working on your business fun, and exciting. When you’re able to fully watch your passion grow into a business that you created, and are able to actually make money from it and share it with the world, it’s a pretty badass feeling!

#3 You Gain Job Security

Okay, so, if you ask any non-entrepreneurs their thoughts on starting an online business, they’re likely to say “it’s so risky.” Stop talking to them! They don’t get it!  When you actually learn how to start your online business the right way from scratch, and run it correctly, you’re actually creating job security. Because, if you learn how to make money online, chances are that you’ll be able to repeat the process over and over again. Yes, even if you fail the first time.

Starting an online business is all about strategy and testing, Luv. The truth of the matter is, having a 9 to 5 is not secure because you’re at the mercy of everything that is going on within a business that you don’t control. So, really compare and contrast the actual ability to generate multiple streams of income online over and over again with the paycheck from a day job. By learning to make money online you’re literally learning a skill that you can use endlessly. Saying that to say, with your own online business, you’ve got job security on lock!

#4 Low Start-Up Costs

 One of the many reasons so many female hustlers are starting online businesses is the low start-up costs. As an online business owner, you can start your business for almost nothing these days. Your only real expenses would be internet, and the investments you make in tools and products to help you run your business. This is not at all comparable to the overhead and costs of starting a brick and mortar business.

If you’re comparing the two, someone starting a brick and mortar business would need an office space or storefront, physical products, etc. That can get pretty pricy! While starting an online business, your office can literally be your bed, and your storefront can be a free blog, where you’re only paying a monthly fee under $200 for hosting. Sounds a lot more my speed.

#5 Increase Your Overall Earning Potential

Starting your own online business gives you the potential to increase your earning potential. As an employee of a job, your earning power is extremely limited by your experience and your field. No matter how much work you do, your paycheck is likely to remain the same, unless you receive a raise. But with your own business, there is no cap. This means, if you learn to do something once, you can ultimately increase your sales for that product over and over again.

You can also grow your overall business and create multiple streams of income. This is huge for your overall business growth and reputation, and is obviously amazing for your pockets! Think of your favorite online blogger or social media influencer. If you’ve been following them for a while, you’ve probably noticed a change in their lifestyle overtime which indicates a financial increase. You may have also noticed that they are working with more brands, or upgrading the products they create and promote. Being able to increase your earnings over a short period of time is extremely doable with your own online business.

Wrapping it Up: Benefits of Starting an Online Business

So, we’ve given you 5 super important benefits of starting an online business. If you were on the fence or looking for reasons to get your business started, you should now be convinced. Overall, having an online business is one of the greatest ways to catapult your career, make limitless amounts of money, and grow your business into a trusted brand. Because the world definitely needs some of what you got! So, now it’s time for you to find the”thang” that you’re passionate about and wrap your online business around it. Screw depending on a job for security! You’ve got this, girl!

What are some benefits that you’ve found from starting your own online business? Share them with us in the comments. We love to hear from you.