In my post formula to financial freedom, one of the main elements to financial freedom is start your own business. Why? This is because business can be your resource to generate income for you to invest and build your passive income.

Thanks to internet, today, you either start a business locally or you can start an online business or home based business. Starting an online business is so much easier than before. Maybe you can get a site, and put your products online and sell. Or you can join some affiliate program and start profit from it.

So today I’m going to give you a few reasons why you should start an online business:

1. More time with your family - Online business is not a 9-5 job. I have a friend who makes a good living from internet. It only took him 2 hours daily to maintain his site. Then rest of his time is spent with his family. Of course, if he has his idea to start another online business, then he might spend most of his time on it. But after that, he will be free but money still comes in.

2. Flexibility - Ok, if you so tired to wake up this morning and wish to take the day off, can you do that if you have a job? Then you plan to go for a 3 months holiday and travel around, can you do that if you have a job? However, if you owned an online business, you can do that. If you lazy, you can stop updating your site and take the day off. Or you can bring along your notebook and reply your email on the plane to Bali Island. Sound nice right?

3. Financial Stability - Ok, I knew some people avoid checking their mail because of the bill sent inside your inbox. However I also knew that some people, for example my friend, love to check their email daily. Why? Because they are looking for the email with a title “You Got Sale” inside their inbox. What a different world, one avoid checking email but the other love checking email. One checks email to spend money while the other checks email to receive money.

4. Big Market - If you start a retail store in your housing area, your market is your neighbor and people on that area. But if you start a retail web site, your market is your area + state + country + WORLD! Don’t you agree that if you have a bigger market, you can make MORE money in a LONGER time?

5. No labour works and employee - before this I heard from a man saying that business is all about people. You have to know how to manage your employee to serve your customer (human), so they will take out their money from their pocket (human action) to you. All involved labour and people. I can tell you that manage human is not very easy. However, you don’t need this for online business. All handled by computer and system. You just wait for the “YOU GOT SALES” email.

Should you have more to share? Please leave a comment.

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