The number of hoops through which a individual had to jump in order to get a business up and running, prior to the Internet revolution, was enough to turn a lot of people off. At one time, being a businessperson was a highly specialised job, and the business world was a place with a language and customs all of its own. As a minimum you would need to have a business bank account, separate from your own personal account, and either an accountant or the ability and time to do your own accounts. Getting started now requires nothing more than a computer, an Internet connection and knowledge of what sites to use.
The online payment site PayPal has become hugely popular in the space of less than a decade. It is a way of transferring payment electronically from one account to another. The funds leave one person’s PayPal account and hit their intended destination almost instantaneously. The receiving account holder can then transfer this money out to their bank account, or use the electronic funds to purchase goods or services. While cash is still king, PayPal is now welcome in many more places than before, and you can now apply for a PayPal top-up card which operates like a credit card and updates with any new funds in the space of a working day. This means you can be spending money the day after you have done your work. The world of business is no longer impenetrable and murky – it is more simple than ever.
When we first start out in business, there is a lot standing in the way of us being successful. It is often the case with a bricks and mortar business that you will have been trading for months or longer before you have anything resembling a steady income. In addition to this, presentation is everything in face to face business, and you can be unlucky simply because of completely superficial factors. But if you want to quickly realise the value of an asset, the Internet is a major advantage, one you cannot afford to turn down. The advent of auction sites which allow you to sell items at the click of a mouse means that you can decide to sell something one day, and receive the money for it the next.
This ability to sell something and see the money instantly may not be anything new if one takes into account the existence of pawn shops. But the ability to reach a much wider marketplace, and potentially get a good deal more than you otherwise would have is something that was impossible prior to the Internet. If you need working capital in order to take advantage of an opportunity, the Internet has made it a whole lot easier. People sell all kinds of things on the Internet, from extremely small, cheap items to cars and even in some cases their house. While selling your house is generally not a good idea in such a short space of time, it does show what is possible.