IS ONLINE BUSINESS GREAT FOR FIRST TIME BUSINESS OWNERS? | Marvin Germo
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IS ONLINE BUSINESS GREAT FOR FIRST TIME BUSINESS OWNERS?

By: Marvin Germo | April 12, 2020

Different Types Of Businesses

A lot of businesses exist now. There are those that completely operate online without locations, there are businesses with locations but without an online presence, and of course, there are companies that do both. What’s trending now is starting an online business. Whatever you are selling—products or services—you can easily get customers and deliver their orders without asking them to go to your store’s location. This type of business is flexible and effective because of today’s internet connection. Now that I’ve grabbed your attention, let’s discuss if an online business is great for first-time business owners.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020

Small Capital Needed

If you are looking for a business that you can establish with small capital, then an online business is a great start. The amount of your capital will still depend on what you are going to sell. You can start with a small inventory and later on increase the amount if your sales are great. For instance, if your business is to sell shoes, you can start with 5-10 pairs as your inventory. There is no need to stock up on other pairs unless you can sell all of them in a matter of days. The same applies to clothes, jewelries, beauty products, and other fast-selling stuff.

Easy To Start

Online business is easy to start and it’s definitely great for first-time business owners who are looking for a simple setup. What you need to focus on is building your online presence. This means that you will only need a website and social media accounts, which I think are very easy to establish. But since this is a business, you need to ensure that you have all you need to start online. Your business will only sell if your customers know what you are selling, which means you have to market your products and services through photos, videos, and other advertising methods. There will be more challenges but overall, it’s an easy-to-start business. Additionally, the permits are not that hard to acquire.

Although running an online business can be different from running a store with a location, you will discover rooms for improvement as you establish your company online. If you are just looking for experience and you are planning to set up a location soon, this is something good to start with. You will learn about marketing, how to gain customers online, how to sell properly using social media, how to manage remote employees if you have, and so on. The opportunities are unlimited and you will be able to use them in the future when you think it’s time for a second business.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders