Online Business as a concept
As we know that since 1995 until today number of internet users has dramatically exploded.
Statistics says that in 1995 number of internet users were 16+ million users. Today the last statistics in December 2009 number of users is 1,600+ million users!
Many of you readers don’t know the meaning of these figures; well let me give you an example:
Let us assume that you have a small company which its market base is 2 million people. Within
1 year the number of potential market size increased to 6 million people. What does that mean?
It means more possible profits, more percentage of sales and more potential buyers’ right?
As we mentioned before that the number of internet users are 1,600+ million users. What if we do build an online business which its market size is 1,600+ million people? I think you are calculating now right?
Online business is the concept in which individuals, companies or even organizations promote
their products/services online to reach to potential buyers.
Online business VS Traditional business:-
Online business:-
1- Low capital to set up (150$- 1000$ Average)
2- More potential profit comparing to invested capital
3- Less risk
4- Less time to manage
5- Needs knowledge and experience but not like traditional business
Traditional business:-
1- High capital
2- Less potential profit comparing to invested capital
3- Much more risk
4- Much more time to manage
5- Needs much more knowledge and experience
After this comparison I think you could analyse how potential is the online business.
But that doesn’t mean traditional business is bad, to avoid confusion online business
is more suitable for the people who cant afford to start a traditional business and
seeking for potential profit.
Traditional business can have more potential profit if you have a huge capital so you
can invest in people’s experience and knowledge which means you wont need to have
the knowledge and experience.
There is a great eBook that I do recommend to read and it truly can help you allot in
building your online business plus it will reduce the time of research. You can get it
in http://www.roadtothemillion.com
Sincerely,
Ali.H
Author: roadtothemillion
This author has published 2 articles so far. More info about the author is coming soon.