Hey, Venkata here! Welcome to another episode of askven.com.
So, today's question is from Chopra. The question is,
“I am brand-new to this internet business should I rent and should I rent an office?”
Chopra is new to this internet business of affiliate marketing and he is asking if it’s necessary to rent an office.
To better answer this question, let me explain to you what I did back in the days - when I first started in this Internet business.
Back then, I was working in no just one, but two full-time jobs. And as you can see, I don’t have a lot of time to work on my business.
The only time I have is maybe one hour or two hours a day and that is going to be in the night. Like you know, maybe eight to ten after the dinner. I didn't even think about renting an office or anything.
I used to live in a two-bedroom flat during those days. To maximize time, I made one bedroom as my office. What I did is I set up it in a way that I don't have too much distractions.
This way, I can focus the two hours completely on my business until I became successful with this internet business.
I prefer working at home because I don't have a lot of distractions there. I did that every single day until 2016. I was making about between 5,000 to 8,000 by just working from my bedroom. Eventually, I came to a consistent 10,000 income monthly.
Still, I'm working from my bedroom because I thought I won’t need to rent an office.
But that was until I asked one of my mentors this question:
“How can I scale my business from $10,000 to the next level?”
He recommended me to go and rent an office, somewhere nearby. It's a walkable distance, that is where I went and rented an office.
Trust me, if you you’re working in an office instead of your bedroom, you can do more productive work.
Your focus will be completely different. You get much less distractions and also, you feel very good about yourself renting an office.
But I’m not saying you should rent an office right away especially if you’re just starting out. It is just that it’s much easier to work in an office since there is a lot of distraction at home like kids and things going on at home and you can't focus.
What I recommend is you go somewhere where you can rent a co-working space so you are not committed. Because it's a lot expensive having an office with all the bills and stuff. Instead of paying rent to an office, invest that money into traffic.
You can even go to Starbucks or visit your local library and you can spend some time there.
When you're new in this industry, put each and every single dollar into traffic because that is what will make you the money.
Invest all the money into traffic or yourself to learn a skill.
Once you reach to a certain point that your business is making money consistently, then go and rent an office.
You will see a massive difference in your business having an office.
Just always remember that you find out what suits your current situation the best.
I hope this helped you decide on whether you should rent an office or not.
If you have any other questions, you can always go to askven.com and post your questions there. I’ll be happy to answer them for you.
Thank you so much!