I know that not everyone see's the benefit in having a digital business. Some people say that it isn't as personal, and that it is disrupting today's society when it comes to building real relationships. This is definitely something to talk about, but one thing is for sure, the wealthiest man in the world, and founder of Amazon.com, Jeff Bezos is KING when it comes to running a Digital Business with that personal touch.
1. Location Independent - I think that is by far is the best benefit. Having a digital business allows you to work from anywhere around the world. As long as you have wifi, most Digital Nomads can run their online empires from either their laptop and/or smart phones. This is a huge plus for people who love to travel and work at some of the most amazing places in the world.
2. No Stock - Imagine running a multi-million dollar online business without owning a warehouse or touching a single product? There are some digital businesses that also just work with digital products so there is no need to handle products at all. Whether you have a digital product, or work with a company who ships you products, or just sell a digital service, this is one of the benefits of having an online company, it's all about freedom, and for some...saving the planet!
3. Less or No Employees - When you're dealing with digital products, there is no need for full on production employees, and for most Digital Nomads who sell digital services, most of the work is done by themselves or outsourced to freelancers who publish their work on sites like Fiverr.com. I have partners in my line of work who create millions of business volume every week with zero to a maximum of 2 employees. Crazy right!
Working Remotely in Changsha, China
So there you have it, simple and pretty much to the point! Trust me when I also tell you that there are a lot more benefits than the three listed above. If you have any benefits that you would like to share, feel free to post a comment in the comment section, or share it with me directly! =)
If you are interested in possibly starting a digital business and don't know where to start, give me a buzz and let's talk some ideas, I love connecting with other like-minded individuals, look forward to chatting with you!
Hustle and Grind at the Common Space Coworking in Manila, Philippines
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