Episode 438: “Why do you favor an online business over a traditional business?”

Today’s episode was  recorded while riding an elephant during the Diamond Mastermind  in Bali, Indonesia, with Diamond member Choon Seng Joel Teo, who lives in Singapore.  Joel wants to know why an online business is more favorable than a traditional business.

I explain why I preferred an online business when I was just getting started.

I discuss several of the obvious reasons including but not limited to the following:  low startup costs, low fulfillment costs, and an immediate world-wide audience.

I talk about the advantages of starting an online business as a part-time commitment while you are still working full-time in another job.

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