The world is changing rapidly, and old systems seem to be failing us. There is a huge new industry that has emerged since the 80’s. It’s called the Digital Industry. It is the ONLY industry which has consistently grown in massive proportions for the past 3 decades. When assessing risk, it therefore leaves no doubt that this would be the best industry to invest in.
With Social Media exploding and more and more users coming online everyday to connect, shop and do business – it seems that if you are not online, you are literally living in the dark ages and it is a matter of time before you are left behind and forgotten about. It makes sense then, that if one is looking at a starting a new business, or looking at any opportunity – the first thing to ensure is that the product/service/opportunity is ONLINE.
Why is this so great for those wanting to work from home? It makes your business, easier, simpler and more cost effective! You can learn any skill online and apply it to your online business. You can source products, or be an affiliate for any product and you can supply practically anywhere in the world – without having to leave your home! Now, I’m not suggesting you become a hermit, however, I am saying that owning an online business can truly give you the whole “work from home” experience!
If you are going to be building your own business from the ground up – you need to consider the product, who is going to produce it and where? How will you warehouse that product and then distribute it? Which systems will you use? Will you outsource or manage it yourself, and do you have the tools, training, skills, contacts, etc, etc? What about providing the services, marketing the product, after sales/customer service? What about returns/refunds and what about having to manage all the accounts? Are you capable of staying on top of who needs to be paid what, when and how? And how will this affect your tax? Do you need to register a company or a trust? Do you need to register for GST and what are you able to claim? These are a lot of hats one has to wear, or a lot of salaries and outsourcing that will cost you a lot of money. And a lot of time. How long will it take before you see a return on your investment, and again, how much will you have to invest to start up?
This may all sound extremely overwhelming, and trust me, it is! I have done this a few times! There are easier ways – MUCH easier ways to start a business – legitimate home businesses, with low start up costs, and where the products and services are all provided for you.
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