Why choose an Amazon business over a coffee shop venture?
Written on the 3 September 2018 by Dave Mitchell
There are 8 great reasons to consider an Amazon Online business over the bricks and mortar of a Coffee Shop
#1: YOU'RE THE BOSS
With an online business, you have no staff, you have no payroll, you have no holiday leave, you have no office politics.
#2: CAPITAL CAPITAL CAPITAL
With a coffee shop business, you can be plagued with money issues as your rent will always be due, you will need to pay your employees and your vendors. To start you need to fit-out your store, sign writing, furniture and equipment, uniforms and the list continues.
With an Amazon online business, yes you still need capital but not to the extent of a coffee shop. Your capital is to cover things like a website, products and marketing. There is no rent or employees as you can work from home and in fact, you can claim your home and expenses on tax what a bonus!
Kickstarting your Amazon online business only means understanding yourself and your business, to start you don't need staff.
#4: IT ALL GOES PEAR-SHAPED
When you are starting a business you invest your money, your time and your effort and it is a risk that you take when starting any venture. But you can minimise this risk with the type of business you choose, and although you will lose the same with a coffee shop or online business, the amount is much different.
On average to start up a coffee shop is between $100,000 to $200,000. According to the Census survey, 40% of small and medium eCommerce companies began the business for under $5K and 64% of organizations have spent less than $10K.
It is a substantial risk any business owner takes but with an eCommerce business you can set the risk at the budget you want to spend.
#6: EARNING POTENTIAL
#7: PORTABLE BUSINESS
With an online business, yes there is time in the setup and the product development stage, but once you have launched a lot of the daily running of the business can be automated. Your business works while you are sleeping.
If you would like to find out more on how to set up and run your own eCommerce business, then contact us today!
Author: Dave Mitchell
About: With years of experience David loves developing business specifically to help Entrepreneurs within the eCommerce Industry. David’s passion is creating new platforms with our Mentoring team and seeing the success of Licensees at Elite eCommerce.