Advantages and Disadvantages of Online Business That We Should Know

Advantages and Disadvantages of Online Business That We Should Know

Before running a business on the internet, we should first know what the advantages and disadvantages of online business itself. Many claim that the internet business is profitable, cheap, and easy to run.

But, is that right?

Behind all the advantages and advantages of online business that many people talk about, you also have to know what is needed in running an internet business, and what are the challenges that will be faced when running an online business.

Through this article I would like to share what experiences the ease and difficulties I face I run a business on the internet. Maybe share this experience will be useful for you:

Advantages of Online Business

All types of businesses must have advantages, and usually people prefer to read the advantages and advantages of a business type first. Of the many advantages of online business, there are at least eight advantages that I feel during running an online business, including:

1. Can Be Done Anywhere and Anytime

As an office worker first, I find it very difficult to build a business. Not because of lack of capital, but because of lack of time to start running a real business.

Since getting to know an online business and understanding how to run it, I can do it anytime and anywhere. Not limited by time and place. All it takes is a laptop device and a good internet connection.

2. Internet Business Capital Relatively Small

Believe it or not, online business can be run with a very small capital, even almost without capital. No need to rent a place of business, no need to buy expensive equipment, and other necessities that are usually required in real business.

3. Can Reach Many People

These points are the advantages of online business that is very important in running a business. Entrepreneurs want their business to be known to more people who will become consumers.

With the help of the internet, we can market anything to anyone wherever they are. Even if you are in Indonesia, the products you sell can be marketed overseas.

4. Fast Transaction Process

Transaction speed becomes one of the determinants of the success of a business. And the advantages of this one online business is well understood by entrepreneurs, so that more and more people who run their business online.

5. Can Work Anyone

Unlike the real world of work or business that requires accreditation papers, and other certificates to open a business, an online business does not need all those letters.

Even if you currently have no work experience and do not have any certification, you can still have a chance to successfully run a business on the internet.

6. Many Business Models

In the online business, there are so many business models. You can make money from various media, ranging from blogs, social media, marketplace, and others. One example of social media that is currently used for business is Instagram.

If you have a blog, then you can make money in various ways from the blog. For example being a Google Adsense publisher or selling your own products.

Disadvantages of Online Business

Just as with offline business, online business also has some shortcomings you know. Some shortcomings of this online business can be a consideration for you before you start.

1. Online Business Need Knowledge and Skill

No need to debate anymore, to be able to run a business on the internet then someone must have the knowledge and skill adequate. Basic knowledge is not enough lho, because it only peels the skin only.

While there is a lot of information about this on the internet, you often have to attend training or paid workshops to learn more about the type of online business you run.

So, if you do not have basic knowledge about online business, do not hope can succeed running internet business.

2. Fairly Fair Market Competition

The Internet opens up many new business opportunities, but along with it the competition is increasing. Imagine, the internet can bring together many competitors in a business niche from all corners of the archipelago. This is like 'fighting' business competitors, but the 'war' in cyberspace.

3. No Legal Umbrella is Strong

In Indonesia there is actually an ITE law that protects the rights of consumers and also online business. However, to this day quite a lot of cases of fraud and cybercrime that occurred in Indonesia has not been touched the law and ensnare perpetrators of fraud.


4. Fraud Still Enough

Still related to point # 3 above, but more to the beginners who want to start an online business. Since a few years ago, there have been frequent frauds by 'on behalf of' profitable internet business opportunities.

And this fraud case still continues to happen until this year. One big case of fraud and booming is the case of a D4F (Dream For Freedom) business investment fraud.

5. Internet Spreading Uneven

We must accept the fact that to this day the spread of the internet in Indonesia is still uneven. This is one shortage of online business, at least to this day. But I am sure most likely this problem will soon have a solution.

COVER

After knowing the advantages and disadvantages of online business of course you will have a picture of the chances of success in running it. In addition, we must remember that online business is not a get rich quick business, be careful with such thoughts because it can make you misdirected. Running a business on the internet it takes time, it takes patience, and not instant.

May be useful!