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Hey Timothy’s!
What a great breakdown of online business and it’s adva and disadvantages. What’s even greater is that you provide a solution for every disadvantage you have named.
I’m brand new to wealthy affiliate and I have learned a whole lot. It gives the training that you need for all levels from beginner to technology specialist and from brand new business owner to well established business owner.
I look forward to the continued learning.
Hi Cris! Thanks for dropping by. I am glad you found my blog post useful and helpful.
Welcome to Wealthy Affiliate! You are right that this program is suitable for both beginner and expert. I have 27 years of digital marketing experience. And I find that there is still so much to learn at Wealthy Affiliate! That is why I am promoting this program. I feel many people will gain so much knowledge from WA.
I too am a lifelong learner. Let’s continue learning! 🙂
You did an awesome job explaining what an online business really consists of, I never really thought about there being a difference between a website and a blog before. Now I understand the difference between the two, I find it very helpful all the information you included in this post. I especially found your recommendation of where you learned how to start your own business very interesting and tempting as well, how much did you know before joining the program you recommend?
Jeff
Thanks Jeff! Glad my article helped. 🙂
I had been doing digital marketing for 27 years. Yes, I was there when Internet first became commercial, and am considered very knowledgeable and experienced in this field among my peers. Even then, I find there is much to learn from the Wealthy Affiliate program. The digital landscape is always changing. And while the program is excellent for a beginner, it is also very useful for people with digital marketing experience because it helps digital marketers and online business owners to stay updated on the ever changing online marketing strategies.
May everything you do succeed & prosper! 🙂
Timotheus
Hi Timotheus,
This is a very useful article! I echo Jeff – like the breakdown and what it really means to have an online business. I like the graphics too.
Do you miss working for someone else? I imagine the answer is no but I am curious. Also, how do you see the online business world changing in the future?
Thanks,
Nora
Thanks Nora!
You are right in guessing that my answer will be – no. haha I enjoy the freedom. 🙂
Oh, good question. That itself can be another blog post or even a few.
But meanwhile here is a few points of how I see the online business world changing in the future –
1. Micro Moments – businesses that can capture these, and take advantage of it to do promotions will have an advantage
2. Big Data + AI – these 2 will be working closer and better to build better information for marketing
3. AI – will be faster and cheaper, and hence more easily accessible to even the small business owners
… plus many more. As I said, better to be a whole new post. So, do bookmark my website and watch for more interesting info coming soon. 🙂
The small business owners like me will see more people coming on board because more people will get retrenched, more will lose their jobs, and more will witness others losing their jobs and figure that they better have a back up plan. As such, it will get more competitive. Good news for people like me – we have started, and will be ahead of the game. 🙂
Wow.. this is really thorough!
You break down each different type and make it really easy to understand.
I really like your comparison to bricks and mortar… really helpful to us older newbies!!
Your images are appropriate too!
Nice job =)
Thanks Catherine! I am very glad you found this article helpful. I will be writing more useful and helpful articles, and will be sharing them here. So, please do bookmark this site. Or subscribe to my newsletter. 🙂
Thanks for providing this information, Timotheus! This is a great resource for anyone preparing to start an online business, like me :).
You’re welcome, Christen. To stay updated on our posts to be your resource, please subscribe to our newsletter. 🙂
Wow you did an amazing job of outlining the pros and cons of having an online business! This is something I have been thinking of doing for a long time, and your post made it seem very easy and answered a lot of questions I have been having. I will check out Wealthy Affiliate to see if it is something I could handle, and thank you for this great article. The best one I’ve found so far…!
Thanks Amy! And you are welcome. 🙂
You will love the training at Wealthy Affiliate. Even someone like me who has been doing digital marketing for 27 years found much to learn from there.
This is great information and I love the way you explain how the online business is similar yet different to that of a brick and mortar business. I own a few online businesses and have found that an online business is a true business and can be very lucrative.
One of the things I really like about having a business online is the freedom to work from anywhere in the world and as you said startup is much cheaper as there is a lot less overhead.
Thanks Dena! 🙂 Glad you like my perspective. I do find it is true that there are similarities between a physical business and an online business.
And you are so right! An online business can be very lucrative. It is important to learn from reliable and experienced online entrepreneurs, and from a superb online training platform. I learned from the best, and I hope everyone can learn too. You can read my review of my Number One Recommended training platform.
And yes! The best part – we can work anywhere. I plan to work from Bali or Chiang Mai, Thailand. What about you? 🙂
Thanks for breaking this down for me. I feel more confident about my decision to try an online business.
You have given great solutions to the disadvantages, which I truly appreciate.
Thanks for the great information 🙂
You’re welcome, Saane.
To give you more confidence, join this program – Click Here. It truly provides the best training for anyone ready to start, build and grow an online business. I know it helped me for sure. 🙂