Pros & Cons

Start A Graphic Design Business

Pros & Cons

Trying to understand the pros and cons of starting a graphic design business?

Here are all of the pros and cons of selling graphic design business online:

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a graphic design business costs significantly less money than most businesses, ranging anywhere from 7,478 to 45,611.
Rewarding work Starting a graphic design business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A graphic design business gives people a reason to visit your website and to keep coming back to you!
No overhead costs To get your graphic design business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!
Meaningful business connections You never know who you will meet as a graphic design business. This could be the start of an incredible business opportunity!
High margins The gross margins for your graphic design business are typically around 50%, which is considerably high and allows you to grow your business and manage costs easily.
Quick build time The average time it takes to build your product is quick - typically around 10 months. This will allow you to bring your product to market faster.
Cons Description
Crowded Space Competition is high when it comes to your graphic design business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A graphic design business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.