Benefits of Selling on T

553 Words3 Pages
he internet Benefits of selling on the internet The internet has had a profound effect on entrepreneurs business, many of which are positive. One of the benefits of selling online is that since you don’t need to rent office space or work premises, pay assistants, or settle office water and electricity bills, selling on the internet has really helped entrepreneurs save on set up and operational costs. The internet has also helped entrepreneurs get more customers who might probably not have investigated a particular entrepreneur’s type of high street outlet. This means that through the internet, locally based entrepreneurs gain world wide recognition and hence increasing their customer base (Varian, 1998). Selling online also enables small business owners compete at the same level as large businesses in the sense that, they are also able to operate twenty four hours a day, seven days a week. Online selling has enabled entrepreneurs reduce order processing costs due to the fact that the consumer can place orders automatically straight into your orders database and hence saving you from a tone of paperwork (Varian, 1998). Discuss how the Internet and Web-based businesses have changed entrepreneurs’ strategies The introduction of the internet and web based businesses has changed some of the strategies an entrepreneur had to adopt in order to start a business; this is seen in the fact that, when one wanted to start a business, a substantial amount of capital needed to be raised, mostly by convincing potential investors the profit viability of your potential business. If they are convinced, you would be given the necessary financial back up, if not, your dream for a business would be shattered, but with the introduction of web based businesses, anyone can start an online business, have a global market and literally run it seven days a week, twenty four hours a day..

More about Benefits of Selling on T

Open Document