Advantages and disadvantages of a business online

 Advantages and disadvantages of a business online

 

Starting a business online has its advantages and disadvantages. As with any business venture that begins, there are a number of risks that the entrepreneur must take. In any case, creating an online store to sell your products has a series of advantages that deserve to be highlighted.

Advantages of a business online

 

o The need for   initial investment is less . The costs to start an Internet business are lower than to create your own company in a "traditional" way with a place open to the public in a "physical" way. The main expenses you will have on the Internet will be related to the maintenance of your website, payment of the server to host your website and purchase of the domain .

o You are your own boss , so you set the rules for yourself.

o With regard to your work schedule, you mark the hours, when you want and can work , in addition to setting the dates of vacations, breaks.... It can be said that it is a job without hours .

o An Internet business gives you the possibility to sell 24 hours to any part of the world. One of the greatest advantages of doing business over the Internet is that it contributes to the disappearance of the barriers of business hours. 

o There is what we can call geographical flexibility, since you can work from anywhere in the world, since what you need is an Internet connection .

o Opening an online store can be a second source of income, since it may not be your main economic activity.

o The reach of your products is global, so you can reach a larger part of the market and increase your potential "customers".

Disadvantages of  a business online

Although opening an Internet business requires a lower initial investment, it also has a series of disadvantages or inconveniences. These are mainly:
o There is no guarantee of success, nor is there a recipe to achieve it. Being able to position your website and sell your products through the Internet requires marketing work, market research and competitors....
o The income generated by the store is variable, so you will not have the security of having a fixed income every month and for the same amount.
And finally, and although it is not a disadvantage , you must remember that online businesses are not exempt from tax obligations, so you must keep up to date with your payments to the Administration based on your billing.