7 Reasons Why You Should Start An Online Business

If you’re thinking about forming a company, you’ve probably already considered using online strategy to help your business succeed, but how about starting a business exclusively online? There are many benefits to running a business in the virtual world, especially if your product or service lends itself to the online platform. Here are seven reasons why you might want to start an online limited company as opposed to a more traditional limited company.

If you are considering forming an online business, it is a great idea to register as a limited company because it gives protection to the trader and helps to establish a trust in the customer when purchasing something from an online trader.

  1. You can work from anywhere

One of the main benefits of starting a business online, is that you can work from anywhere in the world without needing a physical premises. However, some businesses benefit from the gravitas of having a business address. If you would like a business address, but don’t wish to rent premises, why not have a look at our business address service?

  1. You can get started on a shoestring budget

A traditional business would require premises, stock, and employees, which means a large outlay of cash before the business has even started! Setting up an online business greatly cuts these costs as all you need to start selling is a website. You can also cut costs by outsourcing tasks rather than taking on permanent employees. This will mean less paperwork for your business!

shoestring

  1. It’s simple to go global

Using the internet makes it easy to reach and sell to customers all over the world. However, if you do have the intention of taking your products and services global, be sure to look into the latest VAT legislation for the EU.

  1. There’s easy access to a huge number of potential clients

With a traditional business, you are often limited by your location and can only market to those within a small distance of your business. When you’re online, it’s possible to reach a far wider range of potential customers, which should hopefully result in more income!

  1. Digital marketing is affordable and effective

Traditional forms of marketing, such as newspaper ads, are always a bit hit and miss, as it’s difficult to accurately quantify results. Marketing online, through Google or on social media, is a great way to run low budget, well targeted ad campaigns with results you can easily analyse.

  1. Your business can be open twenty four hours a day

By having a website, your business can be accessed at any time of the day or night, which customers find incredibly convenient.

  1. Be more flexible

Most traditional businesses work between the hours of nine to five, or similar. When you run your business online, you can choose your own hours to suit you and your business’s needs. If you’re working from home, you’ll also have more time to spend with family.

Are you starting a business?

At eformations, we offer a company formation service that can be done online in three to five working hours. You can find out more about this service and get started right now by visiting this page: https://blog.eformations.co.uk/how-to-buy/

If you have any questions or would like to discuss any of our other services, please contact us for a friendly chat on 020 8232 5479 or visit https://blog.eformations.co.uk 

 

 

 

 

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