Nowadays, everyone aspires to be an entrepreneur. Let’s be honest — who wouldn’t want to be their own boss, live the laptop lifestyle, and work from anywhere in the world?
However, the issue arises when many people assume or expect that starting an online business can be a very simple process. Whereas, the real story is completely different!
Research shows that 90% of startups fail because people aren’t aware of the real facts and figures of starting a new business online. Thus, it’s very important to be armed with the right knowledge about what to expect when starting a business and be one of the 10% who start a great online business.
Myth # 1: Anyone Can Start an Online Business for Free (Or With Almost No Money)
We have all seen the ads of website building platforms that provide free services (or close to free). Plus, they allow you to build a website yourself, which will require your time and effort, and the final results may or may not look very professional. Thus, hiring a web design platform to create a website for your business is a great idea indeed.
Ideal web design solutions are fairly inexpensive, web builders may cost you anywhere between $200 to $400 per year. Spending this amount on your business website isn’t a bad idea. After all, this is your online presence to entertain existing clients while capturing new ones. It’s the primary way you are going to make money, thus investing in your website does make sense.
Myth # 2: You Need Lot of Startup Capital To Start Online Business
On the contrary, the days of spending $10,000 or $15,000 on a web developer or marketing agency are now over. Now, you can conveniently hire a professional design team to build a website without any hassle.
Your web is the core of your online business, thus it needs to be perfectly done. And the good news is that getting a professional web design platform to do job is not expensive now.
Web design and development are often the most expensive part of building a new website for your business. But now, you can have affordable and super-efficient web design services to launch your site and expand it to it’s full potential.
Myth # 3: You Shouldn’t Start a Business While Doing a Full-Time Job
Be practical and smart! You should keep your current job going great until your business is well established.
Even if your business needs to be staffed throughout the day, initially, you can hire hourly help by staffing the firm during your working hours, while you do the more critical work at night.
Start your small business slowly and carefully. At first, put all your efforts to study and understand what it takes to run a new business. Then, plan the specifics of your business steadily and attentively. And when you finally launch your business, start out with a small setup. This is how, you will get more time to test, analyze, revamp, and test again, until you are ready to roll it out.
These days, with the opportunities that exist on the internet, it makes more sense than ever to start and run an online business on a part-time basis.
Over to You!
It’s never an easy game to build an online business overnight. It surely takes years of energy, sacrifice, patience, determination, and grit, to name a few attributes. There will be times when you want to give up, but don’t, because these short-term sacrifices will be worth it in the end.
We really hope that these myths will empower you to start an online business on the right foot.
Are you ready to be one of the 10% of entrepreneurs that succeed!