Archive for the ‘Internet Based Businesses’ Category
Internet Based Businesses Vs Brick & Mortar Start Up
Owning a brick & mortar business versus an internet based business is entering business the hard way. I know, I’ve been there and I still have my tee shirt! Going into business online is entirely a blessing and personally, I feel that the world before the internet was chock full of dragons in comparison.
Internet based businesses are much less time consuming and far less expensive.
Here’s the short list of what you’re giving up:
- triple net lease
- utilities
- prime retail / office location
- direct mail advertising
- inventory
- business insurance
- employees
- franchise fees
- local customers
Here’s what you get with the internet based business:
- hosting fees – $100-$300 a year
- domain fees – $7 a year
- home page / blog – no cost if you build yourself
- research & tracking software – $150 one time
- internet marketing training – $200 to $1,000 one time
- world wide customer base – two billion users
- internet business forum – from free to small monthly subscription
Let’s talk about the customer base. A local retail business is limited to the population of your town or city. If you live in a small town, your customer base will be small. If you live in a large city, you have more competition.
The internet is populated with two billion users. A small percentage of these users will find you and shop with you. The internet provides an unequaled opportunity for sales of your products or services.
Now, start up costs: The brick and mortar start up can be enormous. Buying a franchise for instance can cost up to $1,000,000 in cash and mortgages. Then you have hefty monthly maintenance fees for rent, utilities, inventory, employees.
The internet based business start up could cost as little as hosting and domain fees or as much as a fabulous vacation. The merchandise can be stored in your home or drop shipped or in case of an affiliate business model, there is no inventory storage necessary.
The internet based business start up can place you into the vast sea of world wide consumers that can move you into financial freedom quicker than you can imagine.
Thousands of entrepreneurs have become financially free because they decided to start an internet based business. They enjoy a great life now because they understand how to make the internet based business work for them.
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