As we gradually wrestle ourselves away from the global economic downturn, what is the best business to start in 2014 for aspiring entrepreneurs? Over the last few years, the economy has been very difficult for conventional business owners. While the sales of services and products fell significantly, business owners still had to pay for rents, mortgages, staff, stock and still try to encourage customers in their area to buy from them.
However, on the flip side, since 2007 there has been a massive shift of people buying goods and services on the internet and this is good news for people who have decided to start an online business.
Can Anyone Start An Internet Business?
It is interesting to note that in Chinese, the word crisis is made up of two characters. One represents danger, and the other represents opportunity. For those businesses that do not recognize the importance of the internet it may mean that they will struggle to survive. But those who embrace it, the online business world provides many opportunities for best business to start in 2014.
You Do Not Even Need Your Own Products Or Services.
If you want to start an online business, you might be worried that you don’t have anything to sell. That’s okay – you don’t even need to have your own products or services to sell. The online business model, called affiliate marketing, is one of the best businesses to start when you are new to the online world. Essentially, you are a commission paid sales person and your business is all about promoting other people’s products or services. When you make a sale, you get paid a commission. You don’t have to stock any products, set up payment systems or worry about distribution or product fulfillment as this is all done by the product owner.
There Is A World Of Choice.
There is practically an endless variety of affiliate marketing products and services readily available for you to start an online business. But the best business to start in 2014 is one that you are enthusiastic about. If you do not like the idea of affiliate marketing, there are numerous other online choices. These include selling your own digital information products like eBooks, selling on auction sites like eBay, managing a membership website, selling your services online like writing or graphic design or operating a website that sells drop-shipped or wholesale items. Here are some choice of the best online store opportunities and tools. Click Here
Set Up Costs Are Low.
The beauty of starting an online business is that the set up costs are very low as compared to a conventional bricks and mortar business. Starting conventional business requires substantial investments in human resources, inventory and financial capital. One of the main reasons why an online business is the best business to start in 2014 is that all you initially need is a computer, access to the internet and a minimal amount of funding to get you off the ground.
Your Business Is Never Closed.
When you start an online business, it is open for business 24 hours a day. Obviously you can’t sit in-front of your computer all day, every day. So you incorporate easy to use software, like an email auto-responder, that will automatically send out messages to new customers, build relationships with existing ones and up-sell or cross-sell your products and services day and night. It never takes a holiday, goes off sick or asks for a pay rise! Also your online business is not constrained by your geographical location. Your customers can come from all over the world to browse your website and buy from you.