Top 3 reasons why you must start your online business

Many of us understand that starting your own successful business is a good source of passive income that can lead us to financial freedom. The meaning of passive income is an income received on a regular basis, with little effort required to maintain it. Rental income, dividend is other form of passive income.

In this article, I will highlight to you the advantage of online business vs offline business.

1) Huge market - As per latest statistics, the number of global internet users as at last year is estimate at 2.2 billion and the number is continue to growth at high rate. The number of global internet users is even higher than the population of China!

Therefore, your online business have the potential to reach out to global internet user of 2.2 billion and the number is continue to growing! Whereas, offline business generally reach out to local population in your home nation only. For example, local business operated in Singapore can only reach to local population of about 5 million.

2) Low start up cost - In offline business, the owner need to have deep pocket just to start their business. The need to paid for items such rental deposit, renovation, machinery and equipment and etc. In Singapore, the start up capital to open restaurant can amounting to hundred of thousand and the owner need to paid hundred of thousand of start up capital even before they made a single cent.

Not only that, even after their business is start to operated, the monthly operation expenses for their offline business can be as high as ten of thousand or more for items such as staff cost, rental and etc. The owner also need to spend a lot of time to train staff, works out best strategies to market their product effectively and etc.

On the other hand, the online business owner only need to spend a few hundred US dollar or less to buy domain name, design their website, subscribed to web hosting and etc to start their online business. Their online business can be ready and operate in less than 24 hours.

Monthly expense for online business is less than hundred US dollar for items such as monthly web hosting fee, marketing cost and etc.

3) No limitation for business hours - The business hours of offline business generally limited due to certain conditions. Factors such as business hours restricted by shopping centre management, lack of manpower and etc.

However, provided proper system is in place, online business can be open for 24 hours and 7 days a week over difference countries and time zone. This mean the online business can help their owner to making money even while they are sleeping!

The business owner only need to spend limited time on their online business. They can instead afford to spend quality time with their friends and love one.

Please feel free to download your FREE copy of internet cash jackpot from www.thenelsonchen.com. Limited FREE copy available for download.