If you want instant money, business that does not involve work, and absolutely has nothing to do with technology, then an online business is definitely NOT for you. In spite of all the hype of earning unbelievable amounts of money in the online environment, there is no truth whatsoever to the popular belief that an online business can do all the work for you. The many failures among starting online businesses are comprised of people who enter the field with false expectations.
If you think your business is completely safe from threats in an online environment, think again. Brick-and-mortar establishments have to contend with thieves while online businesses have their own counterparts in the person of cybercriminals who hack their way into their security and privacy. They would also have to deal with viruses, unauthorized access, and possible loss of data. Although this should not serve as a deterrent to open an online business, prospective online business owners should be prepared for them since risks form a daily component of operation. Come to think of it, there is no business environment which can considered completely safe from risks.
Don’t make the mistake of assuming that an online business is free from legal responsibilities usually associated with brick-and mortar businesses. Like the latter, an online business is required to operate in a manner consistent with existing laws although there may be specific differences as to applicability. Online businesses have legal issues unique to them including but not limited to privacy, advertising, infringement, and their affiliate programs.
An online business can be one of the most productive income-generating activities that can be entered into by anyone. However, unrealistic expectations of ease and free-flowing money have to be done away with since the slightest inconvenience can effectively discourage what could otherwise be a successful endeavor.
Originally posted on January 4, 2012 @ 12:17 pm