When I made the leap into starting an online business a few years ago, I knew that I couldn’t wait any longer. You might be questioning whether you should jump into the online world. Or is now a good time to start an online business?
I believe it’s a great time because there are more opportunities to succeed in the digital economy than there ever have been.
The best part is there are more opportunities to come in the months and years ahead.
Despite what’s going on around the world, there’s so much to look forward ahead.
In this post, I will briefly go over what’s happening in 2023.
Along with that, I will they are three reasons right now is the best time to start an online business.
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- Is 2023 A Good Time To Start A Business?
- There Are Over Five Billion Users Online
- It’s Easier To Get Started Now Than In Previous Years
- It’s Much Cheaper To Start A Business Online
- Is Now The Time For You To Step Up And Get Started?
- Questions To Ask Yourself
Is 2023 a good time to start a business?
Let’s face it: There are a lot of things happening around the world.
From high inflation to job layoffs and a banking crisis that could potentially get worse, all of this doesn’t look good for the economy right now.
Some people will act negatively when it comes to these events.
It’s also why it can’t stop them from starting something worthwhile such as a business.
Believe me, that’s how I used to think that way as well. My old mindset used to be negative and I would blame external causes for my problems.
That’s changed within the last two years now I do things realistically and I try to turn them into positive outcomes.
A relevant article from notimekillers.com
Read next on “Is 2023 A Good Time To Start A Business? It’s The Best Time!” to see whether 2023 is the best time for “you” to start your own business. Is 2023 the year of “YOU”?
What about you?
If you’ve been impacted recently you’re not the only one did you lose your job working at a major tech company.
Or did someone that you know lose a job or recently got laid off?
Instead of complaining that you’ve lost everything, why not start your own business venture? I find it to be related to the layoffs in the tech space.
When major tech companies such as Meta (Facebook) lay off a lot of people, that’s an opportunity for you to go up against the competition.
Why not take that step forward into entrepreneurship? It’s certainly something to think about.
Is now a good time to start an online business?
There’s never a bad time to start an online business. Regardless of what’s going on around the world, there will always be opportunities to take advantage of. Starting a business during bad economic times can help with scaling that business a few years down the road.
Let’s discuss some reasons why.
There are over five billion users online
Currently, there are about 5.16 billion people on the Internet (close to 65% of the global population).
That’s a massive audience to reach out to. Don’t you think you can get a good portion of that audience?
Also, it’s estimated that by the year 2030, about 90% of the world’s population will be online.
It is something to look forward to and your audience will definitely be online.
It’s easier to get started now than in previous years
Anyone can start an online business these days. Whether that’s a blog e-commerce store or a YouTube channel there are a lot of options available.
To build a website, there are multiple website builders you can utilize, along with training programs on how to leverage those tools.
That was not possible no more than 20 years ago. Back then, building a website from scratch took a lot longer.
You would have to learn computer programing and learn how to code to get the website up and running.
In some cases, it would take up to a month to really get a website set up and to start working.
Fast forward to today, we have sure come a long way ever since.
What is the best online business to start right now?
The best one to start for beginners is an affiliate marketing business. With more affiliate programs provided by companies, it’s an opportunity for affiliate marketers to take upon. Building a niche-specific website (blog) or a video-streaming platform (i.e. YouTube) can be an excellent business to take part in.
It’s much cheaper to start a business online
Not only is it because it’s much less than operating a brick-and-mortar store.
Sure, there are more costs associated with a traditional business. You can run an online business for less than $1000 a year.
All you need is a domain name, web hosting, and maybe a WordPress theme if you want to enhance the overall user experience for your website.
If you were to spend money on ads, it’s a lot cheaper to do it online.
For example, doing pay-per-click marketing (PPC) is relatively cheap. Some places to utilize include Google, Microsoft, and YouTube.
So take advantage of it even during bad economic times. For that reason, that’s when companies are not spending much on ads, as spending usually goes down.
Is now the time for you to step up and get started?
Considering current events and the concerns around the world, should that stop you from pursuing your dreams? You should think of it positively.
Keep in mind that there will always be challenges ahead. With these challenges come great opportunities to pursue.
There’s a really good quote that I learned from a good mentor, and it’s the following:
Opportunities are always coming each day. With every challenge that arises, there’s an opportunity to take advantage of and excel.
It reminds me of the idea that with these challenges, keep in mind the risks involved. The higher the risk the better the chance of the rewards later on.
Is the future of business online?
As of early 2023, around 64% of the world’s population uses the internet. That’s about 5.16 billion people online, with nearly 90% of the world’s population expected to go online by 2030. More and more business activities will transition to the internet (or go strictly online) in the years ahead.
Don’t put it off any much longer
I believe it’s better to get started sooner than later. So the longer you put it off, the much harder it’ll be to go through if you decide to procrastinate.
Related to this topic, there’s a very good class about how to navigate through difficult economic times.
It’s definitely relatable to starting an online business, while also providing the best tips to respond to current events going on around the world.
I think it’s a great class dealing with mindset, but also the importance of staying focused when times are not going well for you.
So I encourage you to check it out through the platform that I recommend I’m getting started.
Questions to ask yourself
- Have you put off starting an online business for a while?
- Have current events made you worry about not moving forward?
- Do you believe it’s easier to get started than ever before?
- Will this year be the year for “you” to launch entrepreneurship?
Final Words
Now is the best time to start an online business no matter what’s happening. It’s easier and cheaper to get up and running, so anyone can move forward and jump on board.
Remember that you have a massive audience to reach out to. So don’t get into the mindset of “Oh. I can’t customers to do business with” when you have over 5 billion people using the internet right now.
That’s a massive opportunity to make the most of it. So don’t wait any longer get going on your entrepreneurial journey today.
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Your Turn: Will you get started on your online business?
I would like to get your thoughts on this topic. Do you believe it’s much easier today than it ever has been to start a business online?
Have current events made you think negatively or not think that it’s worth starting a business?
What do you believe is the biggest obstacle that’s holding you back right now?
With all the challenges presented to us, are you ready to seize on the opportunities that will come about?
Can you turn these opportunities into reality and become successful at them?
Feel free to share your thoughts by leaving a comment below. I look forward to reading your responses, and I’ll gladly respond promptly.
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Eric is the owner and chief editor of notimekillers.com. He takes great pride in helping people manage their time and grow their businesses. Eric is a firm believer in financial and time freedom, as he believes in financial independence and taking ownership of your time. “Time is your most important asset. It can be your best friend or worst enemy. How you use your time can shape the future you desire to have.” In his leisure time, Eric loves to write and read whenever possible. He enjoys going for long walks outdoors while doing in-home workout videos every week. You can also connect with Eric via LinkedIn.
There’s nothing better than defining your own goals and aspirations to create your own business without the hassle of having to work for somebody else.
Millions of individuals use the internet on a daily basis, for whatever their reason may be, and that only brings us more opportunities to help those who need our experience and have a stable job that will help you in years to come.
Hi Stephanie,
Having goals is crucial to starting a business. When you have goals and implement them, that’s where the real results come into play.
As I’ve mentioned, there are over five billion users online. Those numbers will only get bigger, which means more opportunities for us in the online world.
Thank you very much for sharing your thoughts- they’re greatly appreciated.