Why Creating An Online Business May Save You During This Pandemic

The COVID-19 pandemic has not only been taking health, lives, and peace of mind but also salaries and employment statuses. It’s fascinating to see how a virus so small that we can’t see it with our naked eyes can have such a massive effect on the entire world.

However, that has been the story of most of 2020 – a year to go down in infamy. Nations have suffered the pinch economically and tried bailout packages and stimulus programmes. Despite the prevailing issues, one of the few industries that have remained steadily intact and growing has been the online and freelancing world.

It seems everyone may just be waking up to the fact that online businesses were durable. Brick and mortar companies had no choice but to transfer many of their operations onto the internet or die. Many online marketers and freelancers saw enormous demands for their services. Persons who lost jobs had to find new ways of earning, and the online method suddenly became more appealing.

If you’re still on the fence about whether to start a new job online, know that we are here and ready to assist. Here are five (5) reasons why starting an online business is the best bet for you financially right now.

Easy To Start

Many of the obstacles to forming a regular business come from the difficulty of starting and growing. Entrepreneurs have problems getting stock, storing inventory, finding reliable workers, or scaling based on the environment. However, the typical online business can be started without an inventory, with you as a solopreneur and anywhere on earth.

The old internet story of starting a business with only your computer, phone, and the internet is just as true now as it was when the dotcom boom began in the late 1990s. Of course, now we have added bonuses! Faster laptop computers, smartphones, and 4g and broadband internet.

Costs Little Or Nothing To Run

Additionally, traditional businesses contain high overheads and crushing costs. Office rent, travel expenses, and higher utility bills plague office spaces. With the world now mostly remote, it’s never been a better time to realize how less expensive working from home can be.

You might just come to see your home office as the place to cash out some real coins. Patience, the proper instruction, and some determination are a lot more critical ingredients for online business success than the monthly costs.

Wide Array of Choices
What we’ve seen during this period of worldwide upheaval is how all types of business structures can be overhauled and converted online. Nowadays, you will miss out on a considerable portion of your target audience if you’re not online. That opens up avenues for persons to supply services to others in consulting, accounting, graphic design, videography, and photo jobs, writing tasks, and virtual assistant services. 

“What we teach our students is that you can learn any skill and profit from it online. You can even use skills you currently possess and find a way to earn with it online,” stated IIJ CEO, Alica Lyttle.

COVID-19 Freelancing Boom
According to CNBC, CEO of Freelancer, Matt Barrie, stated that the coronavirus pandemic appeared to have been a “trigger of the already upward trending freelancer movement.” Freelancer.com alone saw a 41% increase in freelance job postings in the U.S.A. in the second quarter of this year compared to the same period of 2019, according to Fast 50. Hiring remote workers became more common during that time.

The payment processor, Payoneer, in their recent report – “Freelancing in 2020: An Abundance of Opportunities,” mentioned how between March and June 2020, the American freelancer revenue grew steadily month-by-month.

Ability to Take Your Skills Globally

Whether you are in the U.S.A., Europe, Asia, Africa, or the Caribbean, your skills can reach a global audience. If you can imagine that the world is one large zone connected through the web of the net, then you’ll see that wherever you are or whatever you do, you can be a success at it.

Lyttle professed, “A vast majority of our students supply services to persons worldwide. The internet is a great equalizer. Once you have a skill, you can take it online and provide value to clients anywhere.”

If you need more information about what skills are in-demand right now, try searching our online course selections. There you will see an array of different programmes geared to take you to the next stage of your online business career.