Almost all businesses are expected to be online in this digital world, but unfortunately, that is not the case. Although, some physical companies now have online business outlets for their digital customers. However, the number is insignificant, judging by the volume of benefits passing them daily. This article will review why online businesses are better than physical businesses.
By “physical businesses”, I mean businesses whose core process revolves around meeting physically with customers or clients, even if there is an online presence.
The argument in this article is to establish that online businesses (that do not require any physical contact at any process of the transactions) are better than physical businesses as so described above. I’ll highlight just 2 reasons.
Two Reasons You Should Start an Online Business
It Requires Low Capital
To set up a physical business, you need to rent, buy, or build a business place, be it an office, factory, hall, or whatever.
This requires vast capital in most cases.
However, starting an online business requires little capital.
In most cases, you only need a domain name and web hosting to start an online business. Both often cost less than $30.
However, the cost may be more, especially when you choose cloud hosting instead of traditional web hosting. For clarity’sclarity’s sake, it may be best to understand the difference between Cloud Hosting and web hosting.
All the same, even with cloud hosting, starting an online business should not cost more than $100.
As you may know, you can hardly start a physical business with $100.
2. Relatively Less Stressful
It has been proven so often that managing people (especially physically) can be very hard.
Sometimes, you have to put up with unruly customer behaviours physically. And again, there is yourself to deal with.
In essence, physical businesses can be stressful, mainly because you have to manage people physically.
However, that is different with an online business.
Since you do not have to meet with customers or clients physically, the stress of dealing with people physically is a huge lift and a big difference.
Communicating with people virtually can never be as stressful as physically.
Nonetheless, it must be mentioned that online businesses also suffer from negative comments from customers in the form of reviews or blog post comments.
Overall, managing an online business is still less stressful than a physical one.
Should You Not Start An Online Business Already?
Beyond the two points I have highlighted, based on my 5 years of online entrepreneurship expertise, there are more reasons why online businesses are better than physical ones.
I manage 3 online businesses, and this is my advice: start an online business today.
If you need more help with ideas, go to Youtube or Pinterest for inspiration.
However, if you have chosen to go into content marketing or what is traditionally known as “blogging, ” my advice is to use tools that can help you grow your business fast. Although there are many paid tools, I strongly recommend Outranka’s free SEO tools.
My stance in this article is clear: online businesses are better than brick-and-mortar businesses (maybe I am biased).
Nonetheless, I must rightly point out that physical businesses are great, too, and there are so many successful ones around us.
If you’ve chosen to go with a physical business, you’re still on the right path to success.
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