When most people think about starting a business, they think of the Microsoft’s, Google’s and the YouTube’s of this world. They tend to think big because the media focuses on these multi-million dollar success stories and over glamorizes the risks of starting and managing a business of this size.
Let’s be honest, the chances of creating a company like You Tube or Facebook are extremely slim. This tends to make many people shy away from starting their own business because they think it’s way too risky with very little chance of success.
This type of thinking is crazy! Starting your own business doesn’t have to be the next big thing! You don’t need to be as big as Google or Facebook, and if you do things right, your business doesn’t have to be a big risk either.
You Don’t Have To Hit A Home Run
The first thing that you have to understand is that your business idea doesn’t have to be the next Google, You Tube or Facebook to make money. If you are planning to start a business with the sole purpose of getting acquired for a billion dollars, then your chances truly are slim. Instead, why not choose to start something that you can make profitable within a relatively short period of time.
Instead of setting your goals ‘sky high’, focus instead on what can make you money now with very little risk and very little outlay. Ignore the glitz and glamor and the hit or miss ideas. Divert your attention to simpler things. The simple things that people are looking to buy. Your idea may seem boring to your friends and family, but who cares? Find something that you can do and aim to do it well.
Take a look at Tony Hsieh of Zappos. The man sells shoes & clothing from his website and makes billions of dollars a year doing it. He’s successful because he sells in such a way that people want to buy from his store. Take a look at Wedding Linens business as well. They sell Table and Chair covers online and make six figures every single year.
You don’t have to invent the next big thing. You don’t even need to do anything fancy. You can even look for a small niche and exploit it. If someone has already taken your idea, don’t let that stop you because the market is going to be big enough for the both of you! And it’s only going to get bigger with more and more people choosing to shop online every year!
Take a look around the next time you go shopping or choose to eat out. Our family always chooses to eat at the same Chinese restaurant. Do we go there because it’s the only Chinese restaurant in town? NO! In fact, there are probably 20 Chinese restaurants within a 30 km radius of our house. And all of them have been in business for many years. Despite the heavy competition, they all still make money!
It’s the same with clothing and shoe stores, there’s at least 20-30 of each of these stores, at any given Westfield shopping centre, and every one of them still makes a profit, regardless of the competition.
By choosing a business idea that is easy to execute, you can greatly improve your chances of success and lower the risk factor at the same time. You might not become an overnight millionaire, but you can still make a decent profit and income, have an uncapped earning potential whilst at the same time enjoying all of the benefits and the flexibility that come with being your own boss.
Starting a business with Home Business Websites is not only easy to execute, but the start up costs and risks involved are minimal and there are little if any overheads!
What are you waiting for? Start your own profitable home business and online retail store today.