Think about it.
Before you had to:
- Rent an expensive shop
- Only had access to local customers
- Advertise on newspapers
- Print flyers and hand them out
- Huge starting costs
- Get a formal education
Now you can:
– Set up an online store from home
– Sell to people from all over the world
– Run Facebook ads targeting your exact customer
– Learn for free on Youtube
– Post and go viral on Instagram & Tiktok
– Make your own website with Shopify
It is so much easier now. You don't need to be rich or have connections or buy a course/degree.
What ideas have you been thinking of launching? Maybe it's time to give it a shot!
P.S
- Please be responsible and smart about taking risks i.e do not quit your job before having at least 6 months of savings
- No I'm not selling a course, information should be free go find it on Youtube
It has never been easier to start a business
byu/notomarsol inEntrepreneur
Posted by notomarsol
8 Comments
You should at least have 1 year of savings. This comes from my experience.
The problem was never with setting up the shop! The issue is where you are setting it up.
In physical space, people can literally see your outlet. The higher the traffic in that area, the higher is the chance of walk-ins and therefore sales.
In digital space, people have to be spammed with ads, brand content etc. The funnel is pretty much the same fashion!
You pay big for bigger sales. The best marketing is word of mouth, be it online or offline.
Good luck, anyway!
Of course this also means just about anyone can start and the competition gets crazy, back then if you had a crappy idea and access to funds you could easily get some kind of success
It has never been harder to make money with a business
As it becomes simpler to launch a business, more individuals will have the opportunity to do so, leading to increased competition, which ultimately makes it harder to establish a profitable venture.
I agree that starting an online business is more accessible than ever, but the rising competition will significantly challenge the ability to achieve lasting profitability as more people enter the market. That’s my 2 cent. Doesn’t mean you should give up !
Simple, but not easy
starting a business may be easier now, but surviving competition and making consistent profits can be a challenge.
use available resources wisely and differentiate your venture to stay ahead.
Starting a business is the most accessible it’s ever been, buts also the most competitive it’s ever been