How does MMO compare to other businesses you could run?

Discussion in 'General Business' started by Meanna Blog, Jun 18, 2008.

  1. #1
    For the more entrapeneurial amongst you, do you see 'Making Money Online' as a comparible businesses to run compared to say, accountancy practise, or plumbing etc...

    Is the amount of effort you put in worth the rewards you receive in terms of income?
     
    Meanna Blog, Jun 18, 2008 IP
  2. wyattt

    wyattt Active Member

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    #2
    It's definitely easier to set up, and the risks aren't nearly as high compared to setting up a small business offline. I think it could definitely be a comparable business to running your own small business in your town or whatever, but it may take longer to start making good profit.
     
    wyattt, Jun 18, 2008 IP
  3. jobic

    jobic Peon

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    Personally, start out online at first, when you're making a decent income you can live off, you can start looking into an offline business. Online is quicker to set up and can become automated and can give you a great income. An offline business can be profitable too, you just have to know what you're doing and you'll really have to love it.

    If I had to decide, online businesses over offline. Profit potential alone is worth it. Not to mention, no commute, no employees, almost no cost/stock and best off all you can literally do it anywhere. Personally I have lived in a hotel on a sunny island for a few months doing business online :D lol the internet paid for the room and entertainment as well as some spare change. Probably the best way to escape the winter.

    Probably won't do it again for that long though. If I had a brick and mortar business I'd probably have lost a lot of money by taking such a long vacation.

    But if you've got a offline business you can still operate an online one during work hours, like someone I know does. He can surf the internet through his cash register and uses that to earn money online. Pretty useful to fill up those quiet hours of the day.

    greetz,
    jobic
     
    jobic, Jun 18, 2008 IP