advantages and disadvantages of starting an online business
Post on 14-Sep-2014
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Before you start your internet business venture, you should consider the advantages and disadvantages of starting an online business.TRANSCRIPT
Advantages and Disadvantages of Starting an
Online BusinessBy Christine John
http://www.christinejohnbooks.com
ADVANTAGES
1. You can be Your Own Boss
• Have full control over what you sell• Charge the
amount you want for your products and/or services• Keep 100% of
the profits
2. No need to Rent a Building for a Store or Hire Sales Staff
3. You can Operate Your Online BusinessIn the Comfort of Your Own Home
You don’t have to worry about the long commute to work.
4. You can Sell Directly From Your Website
Your customers can order your products directly from your website and you can ship them to your customers from one central location.
5. You can Reach a Larger Target
AudienceYou are not restricted to selling to consumers located in your neighbourhood or local region. Your consumers
can be located all around the world.
6. You do not Need a Lot of MoneyTo Start an Online Business
Internet business are
fast, cheap and easy to
set up.
7. You do not Need a LargeAdvertising Budget
You can promote your online business for FREE very easily by producing a video, submitting articles to article directories, interacting with other users on social networks, and creating slideshow presentations.
DISADVANTAGES
1. Promoting an Online Business can be very Difficult
New online business owners may find it very difficult to establish their websites on the internet.
2. Competition with Large Businesses
You will be competing with large businesses that have far greater resources than you do to attract customers to their
sites.
3. Not all of Your Customers Want to Order From Your Website
Depending on what you’re selling, your
customers may prefer to purchase their
goods from a physical store rather than
ordering it online.
4. You may have Trouble DevelopingRelationships with Your Customers
Having an internet business means that you may have trouble developing relationships with your customers because you do not deal with them face to face. This could hurt your business because your customers may be inclined to make an in-person purchase rather than visiting your online store.
CONCLUSION
• Think carefully before jumping into an online business.
• Do not be discouraged by this information, but do a lot of research about starting an online business.
• Keep an open mind.• Be aware of the benefits and challenges you
will face when starting an online business.
Do you want to find out more about starting an online business? Order your
copy of the book How to Start and Run an Online
Business by Christine John.
Available Now From Amazon in Paperback and Kindle Format.
http://www.christinejohnbooks.com/how-to-start-and-run-an-online-business