how to start an online business

5 Reasons Why You Should Start an Online Business (and Get Rich)

Are you on the fence with starting an online business?

Scared that you may end up losing a crap load of money and time trying to figure it out?

Maybe you knew a guy that tried making money online and just ended up failing like a big silly dummy..

Well before you throw in the towel and give up on your dreams forever.. Here are 5 reasons why you should start an online business TODAY.

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Full Transcript

In today’s video we are going to go over the 5 reasons why you should start an online business.

Reason # 1 You Get More Free Time

Imagine you own a bank account where every single morning it credits you $86,400.

You have the entire day to spend every single dollar you possibly can.

But every evening, whatever you don’t spend ends up getting deleted.

How would you spend that money?

Well here is the thing, we do have this bank account. It’s called OUR TIME.

Every single morning when we wake up, we are blessed with 86, 400 seconds in a day to do what we want.

The problem with most people is that they spend all that time in a job that doesn’t give them the fulfillment that they need out of life.

And it’s not their fault, that’s just how most people are taught.

And before they know it, they are 50 years old wondering where the hell did time go?

But if you start an online business, you can definitely get that time back.

Here’s how. .

  • Step #1 Pick an idea from the FREE Financial Freedom Resources 
  • Step #2 Take notes on your exact processes for each of the daily tasks you work on.
  • Step #3 Work your way up to $100/day.
  • Step #4, Go to Upwork.com and hire people whom you can delegate the tasks from steps 1 and 2 to

This is exactly what I did. I first started off with just one employee, and now I have eight.

Reason #2 You Control Your Income

Whenever you want a raise at your job, do you always get it?

Nope.

But when you build an online business, whenever you feel like you want a raise, then YOU GIVE YOURSELF A DAMN RAISE.

You get to make as much as you want by doing any of these:

  1. Increasing your visitors to your offers through content marketing like YouTube videos and blogging OR you can do advertising through Facebook Ads and Google Ads
  2. Sell more products.

Reason #3 You Get To Be SELFISH (for once)

So if you start following my advice, you’re going to end up with some extra free time.

So what are you gonna do next?

Should you work just little bit more for working’s sake?

NO.

The goal for creating an online business is not just so you can get another job and work 16 hours a day like some people do in the e-commerce space.

The GOAL is to free up your time from your income so that you can live the life that you want and use that freedom to work on yourself.

If you’ve read my book The Lazy Man’s Guide to Living the Good Life, you’re going to see my journey on how I separated my time from income.

And that is really to focus on the 4 pillars of the good life. Increasing my health, my wealth, my love, and my happiness.

So what did I do with my free time?

First, I moved to Chiang Mai, Thailand to meet other like-minded travelers.

Second, I spent a lot of my free time practicing Muay Thai 3x a week.

Third, I also started learning Salsa and Bachata lessons once or twice a week because the ladies love a man that can move.

Reason #4 You Get to Be More Spontaneous With Life

The beauty about having an online business is you don’t have to be tied to the same geographical location.

As long as you have WiFi, you can do whatever the hell you want to do as long as you get your work done for the day.

So here’s an awesome story..

There was one point in my life where I was seeing this amazing Australian girl. She was around 5 foot 6, wavy brunette hair, with an accent that blew my mind.

She was in her gap year and end up in Chiang Mai where she wanted to learn Muay Thai for the next couple of months. 

So there I was shadowboxing at the gym and I saw her out of the corner of my eye. My jaw dropped.

She was amazingly beautiful.

And when I talked to her, man she had the best chat. She was just hilarious and her personality was phenomenal. 

I remember earlier on though she though I was obnoxious and full of myself (which to be fair I was).

But slowly and surely I crept my way into that Aussie’s heart to the point where one day, I actually took her to the Salsa and the Bachata lessons.

Little did she know what she was getting herself into.

After a couple of drinks and some dancing, we ended up getting two one-way tickets to the islands in the South of Thailand.

And it was amazing because I spontaneously bought the tickets at 3am with no planning what so ever.

And that’s the beauty of an online business. If you are productive when it matters, and you are months ahead of schedule like I am, you can AFFORD to take irresponsible trips with people you care about wherever the hell you want to go.

Reason #5 Lowest Start Up Cost

Can you guess how much it cost to open a McDonalds?

$1 million to $2.2 million.

And do you know how much it costs to build an Uber app?

It’s around $100,00 to $150,000.

Now guess how much mikevestil.com costs. .

Guys, I spent $4 for the first month of hosting. Everything else was just a TIME INVESTMENT.

My own investment was the 30 minutes to an hour a day that I put into creating my blogs and my YouTube videos.

I invest my time in it because I know that every single time I make a video or every time I make a blog post, it’s attracting new visitors to my website.

And whenever new visitors go into my website, they end up in my sales funnel that makes me passive income while I eat, sleep, and poop.

That is why I love blogging so much.

Ask yourself this, how many businesses out there can you start for 4 freaking dollars a month?!

That’s the cost of a sandwich or a Starbucks coffee!

And if you’re willing to spend money on that but you’re not willing to spend money on your own brand, then you’re absolutely nuts my friend.

Until next time,

Your fellow freedom fighter,

Mike V.

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