How to start an Online Business in Singapore? Wealthy Affiliate offers the best guide to start an Online Business in Singapore. Read the step by step guide here.
How to start an Online Business in Singapore?
Hi there, Edmund here.
Have you ever wondered how to start an Online Business in Singapore?
In this article, I will share with you the reason why I started an Online Business instead of the traditional brick and mortar business.
I will also share with you how to build an Online Business from scratch with little capital outlay.
Alright, if you are still interested, read on.
Why not Brick and Mortar business?
Building a business in Singapore is never easy.
Singapore is a small country with limited resources. Singapore’s consumer market is small too.
Most of the successful local SME in Singapore tends to look out to the World to expand their business.
Moreover, to start up a brick and mortar business, you have to have a huge initial capital!
Think about renovation cost, rental cost, manpower cost, utility cost and many more.
A new startup business may stay in the red for a few years before seeing profit in the black.
With all these in mind, one must have a brave heart to take all the risk ahead, persist and become successful.
Sad to say, according to statistic many new startup companies failed within 3 years.
How to start an Online Business in Singapore? – My personal take.
Having no large capital to start with, I turned to seek business opportunities online.
The reasons are:
- Online Business requires low start up capital.
- Online Business can be build with just a laptop and internet connection.
- Online Business is providing your service to the World.
- Online Business can be built from the comfort of your Home.
- Online Business can be build during your spare time.
- Online Business income can be passive.
There are many honest ways to make money online, but there are also many scams trying to scam your money too. Therefore, you have to be really careful when you want to start out in the Online World.
Personally, I have come across many scams and got scammed before too. But, I learned from my own mistakes the hard way. Lost some money, but grown smarter to avoid any scams that will come my way.
After all the ups and downs, I finally found an honest and legitimate place to settle down and learn and build my Online Business.
Where is this place?
How to start an Online Business in Singapore? – Wealthy Affiliate
Wealthy Affiliate is an Open Education Project community where all Online Entrepreneurs (expert and novice), gathers to help and support one another with their Online Business.
I choose Wealthy Affiliate University because it provides all the core elements of building an Online Business.
Wealthy Affiliate helps you to build a right mindset to break all the myths about Online Business.
On top of that I am able to host up to 50 different Online Businesses at Wealthy Affiliate’s Hosting service.
But, there’s more!
How to start an Online Business in Singapore? – Step by Step Guide
Wealthy Affiliate goes the extra mile to provide the basic Online Entrepreneur Certification course (Level 1) for free*.
New budding Online Entrepreneur can now experience the step by step hands-on of building an Online Business from scratch at no cost first!
If you are keen to move forward with your Online Business, then there is a premium member fee incurred.
You can see the prices and discounts of Wealthy Affiliate here.
How to start an Online Business in Singapore? – Get Started Now!
Click to register a free* starter account at Wealthy Affiliate to start learning the step by step guide to build an Online Business.
If you need a hand in anything, feel free to contact me at Wealthy Affiliate.
My profile is edtay78.
Wishing you great success!
*Please note that some countries are not able to join as FREE Starter Members due to Wealthy Affiliate University’s Anti-SPAM policy.
Hi Edmund, this is a great article!
Thank you for sharing your thoughts on starting a traditional brick and mortar business vs an Online business.
It is very clear that Online Business is the choice for people who wanted try out doing a business with no large capital outlay.
Thanks for your recommendation!
Hi Kim, you are most welcome.
One has to understand that it takes some time to be successful with Online Business. Although the capital outlay is much lesser, the pain of giving up is proportionally lesser too. Many would just give up when then see no returns within a short time.
Wealthy Affiliate will train you not just about starting an Online Business, it also cultivates your mindset and offers a lot of support and help from the community. Thus, I highly recommend Wealthy Affiliate to all new budding Online Entrepreneurs.
Wishing you the best!
I’ve been trying to sign up for wealthy affliate, but i keep getting these messages
Oops, we found that you already have an account at Wealthy Affiliate. Please login with that account to access Wealthy Affiliate!
I am not a member.
Thanks for informing me about this. I have sent you an email, please reply soonest so that I can seek Kyle’s help to manually create an account for you.