Entrepreneurship as an activity has existed ever since men began to live together in communities. However, it is a quite new activity on the internet. But in spite of that that reality, more and more people are becoming online entrepreneurs. So what could be the reason for this, and what are the benefits of being an online entrepreneur?
There are many reasons why people continue to get involved in online entrepreneurship. Prominent among them are the benefits they get from being online entrepreneurs. In this article, I explore the five most important benefits that someone gets from being an online entrepreneur,
1. The possibility of working from home
For the past two years, working from home has become the norm. From data entry clerk to software developers, many professionals have seen their role become remote. Not all of them may be glad with this new culture, but for those who are family-conscious, it’s the best thing that has ever happened to them.
It is true that people need to make money by working outside of their homes. But when working outside interferes with and even damages their family life, most people would opt for working from home. When working from home, a person can spend more time with their family. They can carry out their home chores/responsibilities and their professional role at the same time.
This may not seem great, but it does mean so much to someone who has been craving to work from home especially for family reasons. This is one of the things that a person benefits from as an online entrepreneur.
2. The possibility of working anytime, from anywhere
Freedom to work when you want and from where you want is priceless. Many are those who crave for it. Because most job roles are defined in their contract, tasks generally have to be performed as specified. The worker can not work when and from where he/she wants. Unlike an entrepreneur, they are compelled to execute at the will and pleasure of their bosses – something most employees detest.
The online entrepreneur – for his part -does have the freedom to operate as he pleases. He/she could work at dawn as he/she could at dusk. He could work from home as he could work while on a vacation. He does not need to be present for his business to operate. All of these are things that an online entrepreneur benefits from.
3. The costs involved in creating/running it
Those who are entrepreneurs offline will tell you. There is no comparison to make between the cost of starting/running a business offline and doing the same online. Offline, you have tons of issues to settle: rent or new construction, payment of employee’s salaries, acquisition of equipment, etc,
Online entrepreneurs do not have to go through all of that. The cost of beginning/running a business online is just a fraction when compared to what’s done offline. The online entrepreneur therefore benefits a lot in relation to the cost of creating/ running a business.
4. The size of the potential market
And this is an interesting one! The goal of entrepreneurship is not only to create a business venture, but also to maximize profits. Profits are directly impacted by two main factors: the price and the number of customers. The higher any of these factors is, the higher the profit margin.
The internet opens a world of possibilities to the online entrepreneur. Not only can he start/run his business in a cost effective way, he could make unimaginable profits from his unlimited potential clients – something that only businesses online has the potential to achieve.
5. Business nonstop
Once established, the business of the online entrepreneur never sleeps – even when he does. Because his business is on the internet, clients are never prevented from accessing it. He does not need to be present for his business to operate. Or to rely on others to make sales. He only needs to set it up and the system will do it work.
Who doesn’t want to own such a business? One that makes you money even when you’re away? Or when you’re sleeping? The online entrepreneur benefits as the owner of such a business.
Having more and more people signing up to become online entrepreneurs is not just by chance. It is because of the many benefits that online entrepreneurs get. Had there been no real benefits, the story would have been quite the opposite.