E-business is becoming more common with the rise of the Internet. However, conservatives may choose to say that doing business on the Internet is not safe as it is something which is not really tangible. They add on to saying that the world wide web is forever changing, therefore it is difficult to keep up with time. It seems, they fail to understand that as with the traditional business, doing business on the internet has both benefits and risks.
Drawback #1 -
It is difficult to have the product, website or storefront found by people that you want there and it takes tremendous amount of effort insuring that you lead your customers into your neighbourhood.
Counterargument #1 -
You get an unlimited customer base if advertising is done in the proper way. Indeed, the majority cost for doing business on the Internet is time and energy. However, this cost is balanced out as a much lower start up monetary capital is required in comparison to running a basic real world business.
Drawback #2 -
There are some customers who do not trust the Internet.
Counterarguement #2 -
There is the spread of consumer purchasing confidence especially with investments done to develop the commercial side of the Web. This makes buying and selling more secure.
Drawback #3 -
Some consumers do not enjoy shopping online as they want instant gratification and do not want to wait for their products to arrive.
Counterarguement #3 -
With the continuing growth and use of the Internet, many consumers now place a high importance on efficiency and convenience. Isn't it much simpler to sit back, relax at home while your shopping is done?
The so called drawbacks/ risks of doing business on the internet is really non-existent as the benefits outwiegh them. In addition to this 3 factors, they are many more advantages.
1) Doing business online increase the degree of personalized service to individual users.
2) The depth and number of business processes can also be animated and completed to satisfy not only the customers and suppliers, but the requirements of internal business process as well.
3) There is the connectivity across systems, new and old.
4) An increase in development of the web and deployment tools is also evident.
5) E-business gives us the advantage of high performance, scalability and availability options.
Aforementioned, there are countless of advantages to doing business on the Internet. However, if you are still feeling apprehensive about embarking on your E-business journey, why not go through this checklist to dispell some of your fears?
1) Get to know the Internet
2) Examine the classic Internet models (i.e, The Communications Model, The Advertising Model, The Niche Marketing Model etc...)
3) Understand the technology implications
4) Understand your audience (knowing your customers' buying habits etc...)
5) Buying and selling on the web (Finding the costs of electronic trading etc...)
6) Develop a strategy
7) Fulfill the lawful requirements
8) Obtain commitment and integrate
9) Assess resource requirements
10) Start small and KEEP MOVING FORWARD!
Sounds too good to be true? Doing business on the Internet can be difficult for a start, but once you get the hang of it, e-business is simply like a walk in the park. Get going, and start your business now.
Drawback #1 -
It is difficult to have the product, website or storefront found by people that you want there and it takes tremendous amount of effort insuring that you lead your customers into your neighbourhood.
Counterargument #1 -
You get an unlimited customer base if advertising is done in the proper way. Indeed, the majority cost for doing business on the Internet is time and energy. However, this cost is balanced out as a much lower start up monetary capital is required in comparison to running a basic real world business.
Drawback #2 -
There are some customers who do not trust the Internet.
Counterarguement #2 -
There is the spread of consumer purchasing confidence especially with investments done to develop the commercial side of the Web. This makes buying and selling more secure.
Drawback #3 -
Some consumers do not enjoy shopping online as they want instant gratification and do not want to wait for their products to arrive.
Counterarguement #3 -
With the continuing growth and use of the Internet, many consumers now place a high importance on efficiency and convenience. Isn't it much simpler to sit back, relax at home while your shopping is done?
The so called drawbacks/ risks of doing business on the internet is really non-existent as the benefits outwiegh them. In addition to this 3 factors, they are many more advantages.
1) Doing business online increase the degree of personalized service to individual users.
2) The depth and number of business processes can also be animated and completed to satisfy not only the customers and suppliers, but the requirements of internal business process as well.
3) There is the connectivity across systems, new and old.
4) An increase in development of the web and deployment tools is also evident.
5) E-business gives us the advantage of high performance, scalability and availability options.
Aforementioned, there are countless of advantages to doing business on the Internet. However, if you are still feeling apprehensive about embarking on your E-business journey, why not go through this checklist to dispell some of your fears?
1) Get to know the Internet
2) Examine the classic Internet models (i.e, The Communications Model, The Advertising Model, The Niche Marketing Model etc...)
3) Understand the technology implications
4) Understand your audience (knowing your customers' buying habits etc...)
5) Buying and selling on the web (Finding the costs of electronic trading etc...)
6) Develop a strategy
7) Fulfill the lawful requirements
8) Obtain commitment and integrate
9) Assess resource requirements
10) Start small and KEEP MOVING FORWARD!
Sounds too good to be true? Doing business on the Internet can be difficult for a start, but once you get the hang of it, e-business is simply like a walk in the park. Get going, and start your business now.
Online business is already a trend now and it's evident in our daily lives. The reasons for the growth of online businesses are mainly convenience and secured cashless transactions. Shopping has since been transformed.
ReplyDeleteE shopping is very convenient especially for workaholics. Seeing that more business have expanded on the web, those who are busy and need to do their shipping at odd hours of the day or anytime as they wish at their own convenience can do so simply with a click.
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