100.Advantage of Online Business Compared to Conversional Brick and Mortar Business

For many centuries, people have been building family businesses such as financial institutions, manufacturing, constructions and etc. These businesses are brick and mortar model where one needs to physically build a business which you could feel and touch physically. But in the past one and half decade, people has been using virtual world via internet to build their business empire. Some examples are Google, Yahoo, Amazon and Ebay which have become multi billions dollar companies. Online businesses have its own advantage which one should understand and consider. Advantage of online business could be a big factor which could contribute to the success of your business idea.

Lower Cost To Start Up

One of the biggest issue in starting a traditional business even if it is a small company is the start up capital where you need to employ people, find a office space, fill it up with office furniture and many more expenses. However, in online business you could start an online business with almost no cost. All you need to start a simple online business such as affiliate marketing is knowledge about online business, a laptop and access to internet. As you grow, you could expand your set up, but relatively will be a much simpler process compared to setting up an office.

Take Less Time To Start

Online business could be started within hours if you know what you going to do properly. It takes few hours to the website setting, and you could be doing you business. However, in traditional business, you could not start it in few hours as many other aspects need to be solved first such as office location, the office setting, utilities and etc. which could not be solved in few hours.

Work At Your Own Time

An individual online business allows you to work at your own time and may be from your bedroom. This will give you the ability to work at the most productive individual person’s hours such as at night or evening. It does not require you to work from nine to five.

Business Runs 24 Hours And Worldwide

Online business could run 24 hours a day and depending on you business model, it could harvest the entire world for sale. It does not require constant human intervention and could be 100% autopilot. If the setting is done properly, an owner of online business could just sit around waiting for the money to be transferred into his or her bank account.

Higher Profit Margin

Since online business could eliminate many other costs, the business could give higher profit margin. And since it runs 24 hours and worldwide, it has a better potential to make more sales.

The above are just few of the advantages of online business compared to regular business. This is a time for the twenty first century people to work and live on virtual world.