Advantages of a home-based business and how to run it online in Pakistan
Home-based businesses are growing at a swift pace. Running a business online from your home has many advantages over running a business from an office or a warehouse space. This article will tell you the benefits of choosing a home-based business and provide you with tips to run it online in Pakistan. Setting up a home-based business allows you to:
1. Work flexibly
Being allowed to work according to your own will gives you extreme pleasure. It is most helpful for those struggling to manage their family or other responsibilities with work. You not only decide when to work, but you also decide how and where you want to work. There remains no compulsion on your physical availability. Home-based business does not confine you to your office cubicle; you can be on vacation and still work. You have the complete liberty to interact with your clients through any communication medium at any time.
2. Reduce costs and time for commutation
According to a recent study published in Dawn Newspapers, Pakistanis usually spend almost three to four hours a day traveling to the office from their homes. Using vehicles as means of transportation consumes fuel and financial resources. Working from home involves no commutation through vehicles. You are left with more time to utilize in generating revenue for your business.
3. Avoid the overhead
Most overhead costs can be reduced or avoided in a home-based business. You are not required to rent an office workspace or pay its utilities if you work from home. No commutation also saves money on fuel and maintenance of your car. You are not required to hire different people for different tasks. Cutting down on these costs can help you price well against your competitors. If you’re offering a product for less price than others, the potential customers are more likely to be attracted to your business.
4. Decide the scale for your business
The home-based business gives you the liberty to decide the scale of your work. When you rent an office space, you get obliged to grow the size of your business to the size of available space to meet the expenses. In a home-based business, nothing like this happens. Working from home allows you to hire as many or fewer people as you can afford to work for you. You have the full authority to increase or decrease the working hours according to the scale of your business.
5. Try new business ideas
Less than half of all the new business ideas succeed in implementation—several factors, such as finances, strategies, etc. that may cause most of them to fail. For a startup business, paying rents and utilities for a workspace can be costly and result in a huge mess. You can avoid it by starting your business from your home. Home-based companies allow you to implement your new ideas in the absence of pressure. This way, you can ascertain its feasibility without really investing much of the resources.
6. Spend more time with your family
Working people often have less time for their families. If you face this issue and are thinking of starting a business, you should probably go for a home-based business for all the perks it offers. It is easier to take care of your family and fulfill your responsibilities when working from home. The home-based business gives you more flexibility with spending time with your family and managing work together.
7. Increase productivity
Since you no longer have to waste time and energy in commutation or pointless meetings, you should have a lot more time and energy to invest in your business and flourish.
8. Save income tax
Working from home saves you hefty income taxes. Your business expenses become a part of your home expenses. Therefore, you don’t have to pay more. You have to show it to the authorities that the place you’re using as a workplace is part of your home. This way, you can qualify for paying reduced income taxes.
9. Have control over everything
Becoming your boss helps you explore your skills and bring them to use in your way. You have the freedom to choose what kind of work you are willing to do, with whom, how, and where you are eager to work. Moreover, you are the one to decide how much money you want for a particular project. You are not answerable to anyone. Entrepreneurs have a lot to discover about the benefits of a home-based business.
10. Be less exposed to risk
Running a home-based business reduces your risk exposure. You do not have to worry about getting enough customers because you don’t have to pay rent or office utilities. You can minimize these risks by reducing the overall costs.
Choosing Dukan.pk as an ecommerce platform
The advancement of technology in today’s world has enabled all of us to work more flexibly from home. You don’t need something extra for running your home-based business online. You need to register yourself at Dukan.pk. Dukan.pk has made it very easy for you to grow your business’ existence online. It is an ecommerce platform that is free of cost and has uncountable benefits for you to explore. The following is a list of things that Dukan.pk does for your business’ online growth:
- Markets your business
- Makes a customized website
- Provides secure payment methods
- Provides secure delivery
- Keeps a log of your inventory
- Forecasts business patterns
Read more about Dukan.pk and why you should choose it as an ecommerce platform for your business.