To start any business, you need money. Whether it’s startup money or expansion cash, raising capital is never easy. Luckily, more and more entrepreneurs are raising capital online via equity crowdfunding platforms like Wefunder and MicroVentures. These platforms have helped drive down costs and increase access to capital for businesses of all sizes. With crowdfunding, you don’t have to work with a traditional bank (or borrow from family). You can simply reach out to a larger group of accredited investors on these sites—which include millions of people who would never dream of setting foot in a bank branch—and seek funds for your company that way. Here are 10 benefits you can expect when you raise capital through equity crowdfunding
Get feedback instantly
Without needing to wait for an email response, you can post your questions in a forum or ask them on social media. If you're stuck and need advice from someone with experience, you'll get it immediately. You can also recruit beta testers for your product or service to get feedback while it's still in development. With faster feedback loops comes faster iteration cycles, which leads to more rapid improvements and better products at launch time.
Save time
Not everyone will enjoy being self-employed, but for those who like working on their own schedule, online businesses are ideal. Today’s small business world is increasingly dominated by a DIY ethos and convenience. And it just so happens that starting a website based business is about as convenient as it gets. The beauty in owning your own business, whether it's in person or online, lies in flexibility and freedom to do things how you see fit (within reason). As long as you're following state and federal laws regarding taxes and liability issues, there really isn't much holding you back from turning your idea into a reality. This list outlines 10 benefits of starting your own online business today!
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Grow at your own pace
Here are 10 benefits to starting an online business today: #1 – Flexibility: With an online business, you have complete control over your schedule. You decide how much time you want to devote to your business and what projects you want to work on. Of course, you will always have deadlines, but working from home means that you are in control. If your children need something, or if a delivery arrives at just when it’s least convenient for you, it’s not a problem for your boss—it’s just a minor inconvenience for YOU. Simplicity: Running a website or e-commerce store doesn’t require much physical space. So Buy any coupon for your discount from the Sneek coupon. And best of all? You don’t need any employees!
Work anywhere you want to live
Most businesses that start online can be run anywhere you have a connection to high-speed internet. This means you can do everything you need—from writing blogs to producing videos to selling products—from almost anywhere in the world. And, no matter where you are, if people want your service or product, they’ll be able to find it online and order it there. You don’t need to worry about local taxes or regulations because there are none when selling over seas—there is just more competition. If you live somewhere with a much smaller population than other places around it (like Canada), starting an online business makes sense because then your business would most likely grow faster than businesses in large cities (like Vancouver).
Start building your long-term asset
An online business is one of your best assets. You can sell products or services 24 hours a day and never worry about time zone issues. You have access to potentially billions of consumers all over the world. And you can set your own schedule and work from home, anywhere in the world where there's Internet access. If you're currently employed, starting an online business should be a priority because it will position you for long-term success in case your job disappears due to layoffs or outsourcing, for example. With an online business to fall back on, you'll still have some steady income—and a source to generate new income—even if your current job goes away completely.
