Your best business model may be an online business in both US and low-cost country.
What’s your best business model?
This is what entrepreneurs ask when starting a small business.
In our digital world, you should start an online business.
So, what’s the best business model for online business?
Best Business Model
It can be one of the small business ideas with the highest revenue and lowest expenses.
For the highest revenue, the best jurisdiction to start a business online is, of course, the United States.
Because the US is the largest economy in the world. It has the highest GDP of nearly 27 trillion dollars, which is almost 52% greater than the second largest economy (China). The US also provides the best climate for investment, capitalization, and online sales.
Moreover, the US has no substance requirement. In contrast, many other highly developed countries, especially in Europe, require physical presence there. So, you can operate your American business virtually anywhere in the world. You can, in particular, remotely run a US business with a virtual office.
If you know any better jurisdiction for the best business model, please leave your comment below.
For the lowest expenses, in turn, operate outside the US. To maximize efficiency, you can create an international business structure, where you hold a US company and perform services outside the US. This is especially convenient if you are a foreigner or nonresident.
It’s great to spend the least and earn the most. In other words, to invest as little and return as much as possible. The lower cost maximizes your profit margin. That’s a dream of virtually every business. Isn’t it?
US + Your Country
The best business model for IT services and online business, for example, is to create a corporate structure in both the US and your home country, such as Ukraine, India, or China. The best business to start there can, for instance, be an IT company. Alternatively, you can open an Amazon business account online and run your Amazon business from home.
The bottom line is maximum income and minimum costs — hence, maximum profit.
What can be better?
This international business model provides you such competitive benefits as highest profit margin and fastest growth potential. So, use this business model to your advantage. It works not only for large companies, but also for small businesses.
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Next, check out how to start a business in the US.