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Thread: Advantages and disadvantages of online business??

          
   
  1. Advantages and disadvantages of online business??

    Lunarpages.com Web Hosting
    Hello Friends

    Advantages:
    * Can be very cheap start up costs (domain $8, hosting $10) when compared to other business such as owning a shop, for example a pizza takeaway has to buy ovens, ingredients etc..
    * You can run your business from anywhere
    * Low overheads (hosting and maybe staff costs)
    * The internet is still a open market, lots of opportunities for new business models exist.
    Disadvantages:
    * Low barriers to entry which means that it is easy for someone to set up a website and compete with you
    * Business models can easily be copied, look at youtube and how many copys of their site exist.
    * Can take a bit of time to train yourself, for example if you were to start a sandwich shop you can pretty much start making sandwiches without much trouble whereas to make a website you need a bit of knowledge and skill

    Thanks for reading
    Have a nice day

  2. Re: Advantages and disadvantages of online business??

    Hello Friends......

    1.Worldwide Presence: This is the biggest advantage of conducting business online. A firm engaging in e-business can have a nationwide or a worldwide presence. IBM was one of the first companies to use the term e-business to refer to servicing customers and collaborating with business partners from all over the world. Dell Inc. too had a flourishing business selling PCs throughout the US, only via telephone and the Internet till the year 2007. Amazon.com is another success story that helps people buy internationally from third parties

    Disadvantage of online business

    Sectoral Limitations: The main disadvantage of e-business is the lack of growth in some sectors on account of product or sector limitations. The food sector has not benefited in terms of growth of sales and consequent revenue generation because of a number of practical reasons like food products being perishable items. Consumers do not look for food products on the Internet since they prefer going to the supermarket to buy the necessary items as and when the need arises.

    Thanks

  3. #3

    Re: Advantages and disadvantages of online business??

    So, what are the pros and cons of having a business online you should keep in mind? Let's talk about some of those.

    1. From a positive standpoint starting an online business is very easy to do. When you compare it to other types of offline businesses it is very quick to start a business on the internet.

    It is also relatively inexpensive to do. As a matter of fact many internet business opportunities can be started for little or no money out of your pocket.

    The negative aspect of this is that people do not take it seriously. Because there is no money invested it is easier to quit and many people do. If you have thousands of dollars invested in something you will do whatever it takes for it to work.

    2. Selling things online is not any easier than selling things off line. You must have visitors coming to your website if you expect to sell anyone anything.

    This can be a problem for many. Especially, if they have none previous experience about internet marketing. It is possible to purchase some paid advertising but if you do not know what you are doing you can also loose a lot of money with it. This is the reason why it is essential to learn how to do free and low budget marketing. The amount of work required for that is an issue that most people are not willing to do.

    3. One benefit of online businesses is that you can earn money even while you are asleep. By this I mean that your website is open 24/7 for people to make purchases from you.

    4. You can run your online business all by yourself. This means that you do not have to hire anyone to work for you. However, this does not mean that you should do all by yourself.

    It is always wise to outsource things that you are not comfortable of doing or you do not have time to do. For example, you can hire a web designer to build you a website, a freelance writer to write you articles, or SEO expert to build you backlinks. There are many other things you can outsource, but it is all up to you and the amount of money you can afford to invest how many of those you choose to do.

  4. Re: Advantages and disadvantages of online business??

    Hello
    Thanks for your good suggestion

    This type of ideas I am searching for many days.

    Thanks for help !

  5. Re: Advantages and disadvantages of online business??

    Thanks for providing such information. It is true that if one thing have benefit for some one but on the other hand it is harmful to some other perosn.

  6. Re: Advantages and disadvantages of online business??

    Thank you for sharing the information. These will be going very useful to all. Please keep sharing more and more.

    Have a nice day

  7. Re: Advantages and disadvantages of online business??

    # Spend time thinking over your creative ideas and invest in careful planning.
    # Decide the goals and vision that matter to you most. Write it down and read it often.
    # Know your goal for now, and know where you want to be for each year to come.
    # Work on one idea at a time. Never splatter out with many ideas. It’s overwhelming.
    # Establish a dotted line of steps to reach short-, medium- and long-term goals.

  8. #8

    Re: Advantages and disadvantages of online business??

    internet marketing strategy.

    Advantage of Internet Marketing

    - your store is open, 24 hrs a day, 7 days a week. Further, your customers are worldwide in reach, and can shop anytime that they want to

    - the cost of spreading your message is next to nothing. Emailing your subscription base is more oftne cheaper than sending a letter through the mail

    - updating your subscribers can be done almost instantly through email. Visitors to your website can get up to the minute information on each visit. If you are having a sale, your customers can start shopping at the discounted prices literally as soon as they open their email

    - if you have an information sensitive business, such as a law firm, newspaper or online magazine, you can deliver your products directly to your customers without having to use a courier

    Disadvantages of Internet Marketing

    - online marketing is not free. The cost of software, hardware, wed site design, maintenance of your site, online distribution costs and of course, time, all must be factored into the cost of providing your service or product.

    - slightly over 50% of households shop online. While that number will continue to grow, you are reaching less than two out of three households.

    - the internet is still regarded as a source of information gathering for the majority of your customers. Of the number of visitors to your site, the vast majority of visitors who are motivated to buy will do so in person. Many people prefer the live interaction when they buy. If you have a small business with one location, this may deter customers from buying.

    - easier to have outdated information on your site, thus timing of updates is critical

    - there is no replacement for good old fashioned customer service. The majority of internet marketers lack customer service and inquiry response programs. As a result, many online visitors to your site will already have painted your site as poor service before they have even contacted you. The majority of websites also have poor navigation, which makes it difficult for your visitor to find what they are looking for. Many sites were created with a marketing view, not a customer service point of view.

    - is your site secure? Does your customer know this? There are many incorrect stereotypes about the security of the internet out there. As a result, many of your visitors will not want to use their credit card to make a purchase. The fear of having their credit card info stolen is a clear and present danger in the minds of your visitors

    - there is a lot of competition for your product already out there. By the time your visitor finds you, they have already been clicking many links. Unless they can find what they are looking for quickly, they are gone.

  9. #9

    Re: Advantages and disadvantages of online business??

    Hello friends

    Advantages of E-Business

    Worldwide Presence: This is the biggest advantage of conducting business online. A firm engaging in e-business can have a nationwide or a worldwide presence. IBM was one of the first companies to use the term e-business to refer to servicing customers and collaborating with business partners from all over the world. Dell Inc. too had a flourishing business selling PCs throughout the US, only via telephone and the Internet till the year 2007. Amazon.com is another success story that helps people buy internationally from third parties. Hence, worldwide presence is ensured if companies rethink their business in terms of the Internet.

    Disadvantages of E-Business


    Sectoral Limitations: The main disadvantage of e-business is the lack of growth in some sectors on account of product or sector limitations. The food sector has not benefited in terms of growth of sales and consequent revenue generation because of a number of practical reasons like food products being perishable items. Consumers do not look for food products on the Internet since they prefer going to the supermarket to buy the necessary items as and when the need arises.

    Thanks for sharing us .

  10. Re: Advantages and disadvantages of online business??

    There are many kinds of online businesses. And each and every one of them has their own advantages and disadvantages. But there are some that have very few disadvantages, and cash gifting is one of them. But conduct a proper research before you join any program as there are lots of scams.

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