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Advantages and disadvantages of online business

This is a discussion on Advantages and disadvantages of online business within the General Business forums, part of the Business category; Internet business Advantages Can be very cheap start up costs (domain $8, hosting $10) when compared to other business such ...

  1. #11
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    Default Re: Advantages and disadvantages of online business

    Internet business 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.
    • If you get it right you can have super fast growth. For example Youtube was only started in Feb 2005 and was sold for $1.65 billion in October 2006. It only took them 21 months to grow to be worth 1.65 billion which is amazing.


    Internet business 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
    • Spam you can spend a lot of your time dealing with spam emails and sales people telephoning you trying to sell you directory listings.

  2. #12
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    Default Re: Advantages and disadvantages of online business

    Hello friends

    Owing to the lots of distinct advantages to the concept of email marketing, it has soon turn-out to be the most accepted forms of Internet advertising. However, email marketing does have some disadvantages as well. It encompasses the dazzling advantages over other types of marketing both online as well as offline. One of the weightiest advantages to email marketing is the ability to get in touch with a worldwide audience without putting any relentless effort.
    Another major advantage to email marketing is that the cost associated to it is minimal. Hence, it is within the means of everybody. There are many key reasons which make the email marketing cost-effective. It has the ability to distribute information to a wide range of specific, potential customers at a pretty low cost. As you will be enclosing a list of an email recipients, so there will be no cost connected with taking a list of an email addresses. Moreover, the cost of dispatching the emails is negligible. Furthermore, E-mail, in terms of sending and responses, is more immediate in comparative to traditional mailing. Whenever you are going to convey your message, you will be able to get the prompt response without any stretch of time.


    Thanks for all friends

  3. #13
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    Default Re: Advantages and disadvantages of online business

    Hello,

    Business directories like the Yellow Pages have been around for many years, and for most of that time were the quickest and easiest way to find a specific business, product or service in your local area. However, old-fashioned print directories have some disadvantages when compared with online business directories:
    1. People are using the Internet more and more to find local businesses to deal with. The Internet has an immediacy which cannot be matched by a print directory listing. You can not only find dozens of businesses online, but also comments, reviews and comparisons.
    2. Most printed business directories are only updated once a year. This means that a directory listing may be out of date by the time a consumer tries to contact a business. As a business owner, it makes the listing useless for advertising short-term or seasonal specials. With an online directory listing, the business owner can edit their listing at any time.
    3. Print directory listings are not cheap. The cost of production of a print directory makes it necessary to charge fairly high prices for business listings. This may put a listing out of reach of a small or start-up business. Many business don't even track the response rate they get from their business directory listing, so they don't know what each lead is actually costing them. Website visitor tracking is relatively easy to implement, and can give you a good idea of the effectiveness of your marketing.
    4. The environmental impact of producing print directories is huge. Over 5 million trees are cut down each year in the USA to produce phone books. As the cost of water and wood pulp increases, you can expect that print directories will become less and less attractive. Many directories are not even used, but simply dumped in the trash.
    5. Online business directories are getting better and better. Local directories allow you easily to search for businesses in your local area, and provide photographs, maps and even videos to tell you more about the businesses you find.


    Thank you

  4. #14
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    Default Re: Advantages and disadvantages of online business

    As a beginner, you can look for a domain at a cheap cost and you can also avail of the free domain and hosting valid for one year.

  5. #15
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    Default Re: Advantages and disadvantages of online business

    Yes I agree that online business is really appreciable now a days.That is seems like a easiest way of earning money.Some of advantage which I have concluded from my experience of Online business are:
    Cost-effective Customer Acquisition
    Global business coverage
    Promotion that Doesn't Sleep
    Focus on Unique Content
    High ROI (Return on Investment)

  6. #16
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    Default Re: Advantages and disadvantages of online business

    Hello,

    Here are the some advantages.


    1. Personal freedom. If you're used to spending hours in traffic to and from work every day, some of the most exciting advantages to starting a home-based business are your newfound freedom and the retrieval of lost time. The average American spends 348 hours each year commuting, according to the U.S. Federal Highway Administration. Suddenly with a home-based business, you have those extra hours to regain control of your personal life. Plus, there are no bosses, no dress code, no set work schedule, and no office politics to maneuver. All you need is personal drive, discipline, and time-management skills.
    2. You get to keep the money you make. It’s a simple principle: the harder you work, the more money you can make. Your earning potential is directly proportional to your performance, so you don’t have to wait for a raise or a promotion. You work harder, and you produce more. You'll also save money on gas and food. Preparing lunch at home is more cost efficient and offers a nice break in your workday.
    3. Increased opportunity. With so many corporations and industries in a slump, starting your own home-based enterprise means you can create your own income-producing opportunities. Good job prospects can be scarce in some industries, and promotional opportunities within major

    Thank you & Regards
    Chris

  7. #17
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    Default Re: Advantages and disadvantages of online business

    For me, online business would be perfect and the trend for the future. It is really helpful for increasing the competitive strength for a traditional business.

    All the best,



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