Are you getting a pay cut in your job? Do you want to make passive income?
This is a dream of many people including me to sit back, relax, and watch your business making money.
In fact, it’s possible to invest a few hours a day and build a successful business.
Yes, that’s right, a few hours only.
Due to a pandemic you have faced a job loss or a pay cut so this is the best time to start your online business.
Starting an online business is the best advice you will ever get in this internet dominant world.
I have personally met so many people who are earning more than their jobs from their internet business.
Believe me if you start your online business soon you will also earn more than your job.
You don’t have to be an expert to make money online, learn from the experts and implementing their tips will make money for you.
Why online business is important?
A lot of people use the internet to buy their daily use products or to gather information about any topic.
Ask yourself how frequently you use the internet for shopping, learning or entertainment, we all search on Google for our every query.
In 2020 more than 4.5 billion people actively use the internet and it will increase to 6 billion users in 2022
Starting an online business is the first step towards buisness success in 2020.
Here are some internet business stats which makes you feel the importance of internet business:
- 1.79 billion people shopped online last year.
- In US millennials now make 60% of purchases online.
- Global ecommerce sales are expected to reach $4.8 trillion by 2021.
- Amazon sales accounts for 40% of US ecommerce industry
These stats are clearly showing how internet businesses have potential and growth in future.
The next few minutes I will tell you about the reason you should start an online business in 2020.
1. AI is a job killer
Amazon has acknowledged that “advances in automation technology will handle many tasks that were done by people.”
Artificial Intelligence is going to kill your job in the future, so whatever the job you are planning for it’s possible that it will not exist.
Oxford academics, estimated that 47% of American jobs are at high risk of automation by the mid-2030s
You can use your time in 2020 in building your internet business instead of working for a job which will not exist in future.
2. Time Investment is low
The time you spend in building your online business is less than the time you spend in your job and the growth in business is more than your job.
Building an online business needs to be more productive rather than working for long hours.
You can choose what time you want to work, how many hours you want to work and on what days of the week you want to work as long as you’re achieving your business target.
It’s all about time management just by spending 2-3 hours daily you will generate a good amount of passive income.
3. Work virtually from anywhere
You don’t have a workspace constraint,you can run your business from anywhere in the world as long as you have an internet connection and a laptop.
You have the freedom to choose where you want to work on any given day and that’s extremely liberating,
The environment of your workspace affects your productivity so this is really the big advantage in starting your online business.
Working from home is the new trend nowadays, so you can start your online business from home.
4. Create long-term financial security
Online business can provide you with a stable and almost auto-piloted source of revenue.
There are many people who start online businesses as a passive income and now they have left their jobs and are running their business full time.
Many billionaires said “never depend on a single source of income, make an investment in creating other sources”, the internet provides you the online business opportunities to make money.
5. Starting an online business is inexpensive
The initial investment in starting a business is very low.
You just need to invest $100-$200 in buying your domain and hosting for your business website.
You can start without having a website but I recommend you to think about the importance of a business website.
If you want to start blogging for passive income you can start for free.
There are many blogging sites which allow you to write and post a blog on their platform for free.
The investment is low but you need to keep patience to make money from the online business.
So now you know that online business is the best way to generate passive income.
How much money you can earn from online business?
The money you can earn totally depends on the type of online business you are doing.
You can’t compare the potential of money in different types of business but you can easily earn around $1000-$3000 after some time by your online business.
You will get many blogs on online business ideas to start in 2020 but not every business is for you.
So you have to select what business is for you, for which you are passionate about and work for you.
Skills you need to start an online business?
You don’t have to be a very skilled person to earn from the internet.
There is a myth that you have to be a tech guy to start an online business.
That’s absolutely wrong.
If you’re from a non-tech background then also you can do online business.
For online business you have to know about digital marketing and how to sell your product to your audience.
Make a strategy to grow your business that drives more sales and make money from the internet for you.
The best investment in today’s time is to invest in building your online business.
Don’t depend on your job to survive, start your online business to make more money.
As we say the future depends on what you do today.
The money you earn from online business totally depends on your patience, you will not earn money just after starting the business it takes time and strategy to grow and make money for you.
Keep learning and executing the plans, you will definitely earn.
I hope you like this blog and it will create value for you.