aswebworks

1
(No Transcript)
2

• With the rapid growth of the world wide web, the
  global pandemic has also brought about the
  increased growth of online business opportunities
  as consumers no longer have to travel from one
  place to another to buy products or render
  services. While starting up an online business,
  the most important question arises in the mind
  that what are the features of online business.
• There are several businesses in the market that
  work solely online. In setting up an online
  business, the owner will need to go through the
  same procedures as a traditional business,
  formulating a business plan, crafting a mission
  statement, and handling other administrative
  matters. However, there are several features of
  an online business. There is no need to travel to
  and from the office or being stuck in traffic. A
  huge range of businesses can be operated solely
  online. The online business can include every
  field to do work online at remote locations.

INTRODUCTION OF ONLINE BUSINESS
3
1. Simple and convenient
FEATURES OF ONLINE BUSINESS

• To set and run a business is a very difficult
  challenge. However, if you operate online, you
  can reduce a lot of hassle and stress which is
  involved in traditional business. Starting an
  online business is very popular nowadays due to
  its convenience and simplicity. That is why many
  new business houses adopt the online method for
  their start-ups.

4
2. Wider Range

• With an online business, you can market your
  products and services globally. You can have a
  reach a large number of potential customers. Only
  you need to have a proper system to deliver your
  products and services at far off places. Whereas
  in traditional business, you have a limited reach
  to potential customers. Thus through online
  business platforms, you can expose your company
  worldwide.

5
3. Reduce Cost

• The main benefit of starting an online business
  is the cost difference. While setting up a
  traditional office-based business, you need to
  invest in the physical location. On the other
  side, setting up an online business, you need to
  invest in purchasing a domain, web hosting, and
  website, etc. that is very nominal.

6
4. Reduce staff requirement

• To operate a physical-based business, you need to
  recruit many employees. Whereas in online
  business everything is done online and
  automatically systems are set to operate several
  tasks like for the purchasing department, there
  is no need to recruit a purchase executive.

7
5. Offers greater flexibility

• Online business platforms offer more
  comprehensive flexibility. One can give flexible
  hours to ones work. With flexible hours you have
  the option to work full-time or part-time. You
  can also do the online business while working on
  another job role.

8
6. Great for niche products

• If you deal in niche products, operating an
  online business is ideal. People can access and
  find your services who are looking for a certain
  type of product, which means that you can get an
  advantage from more and more consumers compared
  to conventional set-ups, where you would only
  reach a limited range of people.

9
7. Very popular with consumers

• More and more customers nowadays want to enjoy
  the convenience of shopping for goods and
  services online. By setting up an online
  business, you will be able to cater to this
  growing demand. In this technological era, people
  are used to being able to shop for anything they
  want at any time of the day or night.

10
8. Affiliate Program

• Online business platforms offer you to run a
  business without having inventory through
  affiliate programs. In these programs, you have
  to publish good-quality articles on a particular
  subject and then apply to these programs selling
  related items. Then you will be in business
  quickly as affiliate programs provide commissions
  when the product is sold by your articles. Thus
  without any overheads of shipping, processing
  like operations, you can serve the demand of huge
  Consumers.

11
9. Ability to Grow rapidly

• A major benefit to starting an online business is
  that you can grow it. You are not limited in
  earnings or potential as you can expand the
  business according to yourself. Unlike a job
  where prejudice, contract negotiations, glass
  ceilings, wage freezes, and wage cuts prevent you
  from making more money. here no one will stop you
  from trying and making efforts and more and more
  hard work on the internet.

12
Conclusion

• As online business continues to take the biggest
  part of the conventional business under the
  globe. This is a great time to get your online
  business ideas up and start implementing

13
Thanks!
Does anyone have any questions?