So, you have a great idea for an online business. You’ve done market research, know current eCommerce trends, sourced the products you will sell, and built a snazzy new website to connect with your customers. You have also identified the best social media platforms to market your products, so you’re ready to get on the path to that first million, right?

Inflation is a standard economic process. But runaway inflation leads to steep price increases for businesses and their customers. 

With the pandemic affecting everyone’s life in many ways, many people have tapped into the possibility of doing business remotely. The biggest misconception about establishing a remote company is how challenging it is to start. 

Aside from the toilet paper shortages and newly-formed streaming service addictions, the pandemic has also given rise to a number of more positive trends, like a huge boom in new startups that have given people from all walks of life the excuse they need to pursue their entrepreneurial dreams.

Starting a business can often be expensive. It can sometimes take all the money in the bank just to get started, and you may not see any returns for a while.

However, as the pandemic caused almost every industry to shift online, there is an abundance of opportunities to establish your own digital business with little to no money. 

Leading into the start of 2023 is the perfect opportunity to take stock of your current operations and learn what works and what needs improving.