With a banking crisis on the horizon, high inflation, and large companies laying off tons of workers â€“ 2023 may not look all that great so far. But things aren't all gloom and doom, and what you may not realize is that it is shaping up to be a great year to start an online business.
Want to seize that opportunity? Here are five reasons why 2023 is a good year for it:
Massive market that is still growing
Did you know that close to 65% of the global population (5.16 billion people) have internet access? Think about how immense that market is, and then consider the fact that it is still growing and by 2030 it is expected to hit 90% of the world population.
Not difficult to start
Starting an online business is easy as there are tons of website builders, ecommerce platforms, and various other tools you can use â€“ many of which are free. In short, you don't need to know how to code or have any technical skills at all.
Remote workers can be hired and monitored easily
Tools like Controlio can be used as an employee monitoring software for sales teams and will let you monitor any remote workers you hire easily. It can track when employees are working or if they're wasting time on social media and other distractions. With its reports you can easily see how each employee is performing, and you can set it to send you regular reports.
If necessary, Controlio can be used to monitor employees more closely. To be more specific, it can track emails, file transfers, instant messaging apps, keystrokes, and even capture screenshots at fixed intervals. Not only can this help identify issues, it can be used to improve data security.
Doesn't cost much
Overall it doesn't cost much to start a simple online business. All you really require is a domain and web hosting â€“ both of which don't cost that much. In fact you could market your business using PPC advertising on Google as it is very affordable too.
Lots of potential for expansion
Arguably the best thing about starting an online business is that it has near unlimited potential for expansion. As you already know the online market is really huge, and on top of that there are a wide range of digital products and services you can provide, or even physical products that you can branch into in the future.
Long story short â€“ while 2023 may prove to be a challenging year, that doesn't mean that there's nothing you can do about it. The fact that it is easier and cheaper than ever to start an online business should already make it an attractive option, and the huge market and potential for expansion sweetens the pot even more.
By starting your very own online business, you'll be able to seize the opportunity to grow an entirely new income stream and make 2023 a great year for you â€“ no matter what happens to the economy.