Starting and maintaining a successful business is the dream of all entrepreneurs. Today’s advancements in technology have created new opportunities for business owners to get closer to this dream. The Web has been the most effective tool in creating new opportunities for business owners. An entrepreneur should be more successful by starting, marketing, and operating a Web-based business.
The first reason an entrepreneur should be more successful starting a Web-based business is because it’s simple and inexpensive to set up. Once an entrepreneur has the proper licensing and permits and creates a website, Business is can began operating. A Web-based business decreases start-up cost by not having to acquire a physical location. Obtaining financing to purchase or develop a physical location can be difficult and expensive. Banks are highly sensitive to risk and are often reluctant to lend money to businesses. The greater the risk a lender takes in making a loan, the higher the rate of interest a lender requires (McHugh, J., McHugh, S., & Nickel, 2008).
Another reason an entrepreneur s...
Next, the company should take the advantage of e-business and build up its online business. The online business is an effective supplement of its downsized physical business and revolutionized service model.
The growth of online business has grown enormously over the years. Cliptomania is a family operated and owned small e-business that primarily sells clip on earrings (Brown, DeHayes, Hoffer, Martin, & Perkins, 2012, p. 308). Cliptomania early developments were very modest, and as such the company experienced copious strategic dilemmas. An initial strategic dilemma that the company encountered when establishing and building their new e-business undertaking was to create a website for the business operations and essentially to have it fully operable. The owners, Jim and Candy elected to hire a vendor to host the website and additionally utilize the IT systems resources of the vendor to sustain their business. At the very beginning they exploited the offerings of the Yahoo Store. However, continuing down this avenue of using the services of the Yahoo Store inevitably became too costly. By using the services and business offerings of a vendor made it convenient and effortless for Jim and Candy to start their e-business store. Unfortunately the couple did not have much in the way of professional help, and so they had to create and put together the website by themselves. Additionally they also had to deal with establishing their online credibility as many customers preferred to call in their orders just to talk with a real person before being comfortable enough to place their orders via the webpage.
The web-based access creates an ease of use to your customers. In today’s fast paced world ease of access is a considerable asset to your business.
The Internet is an amazing and powerful business tool if it is used in a way that will help an existing or new business become more profitable than it would be without it. There are four basic things that a company or person must keep in mind when trying to take their organization or idea online. These considerations are to 1) know exactly what you want out of your website, 2) know how this website connects to every other part of your business (internal environment), 3) know how this website meets your customers / suppliers needs (external environment), and 4) know when to say “when.” This list is not meant to be an exhaustive list or a complete set of criteria by which to judge a company’s integration into the World Wide Web. Rather it is a list that is meant to invoke some careful reflection on the part of the business owners or managers before jumping into the shark tank because every body else is. Each of the four considerations will be discussed below.
During the last decade, we’ve been to the top of the world—during the dot-com boom of the late 1990s—and back down again, when it all fell apart a few years later. But with the bad came the good: The Web forever changed the business world. The following small-business owners are shining examples of how Web-based technologies can be a businessperson’s best friend.
RAPPA, M. (2010) Business models on the web. “Managing the Digital Enterprise”. Retrieved 07 June 2010 from: <>.
Starting and building a prosperous business is an ambition of many entrepreneurial minds and has for
Ever since internet connection was widely provided to consumers, internet business has grown rapidly and its development also made marketing easily accessible. As a result, countless types of businesses opened on the web and countless numbers of people have been using internet services every day. Meanwhile, not every customer is satisfied with every internet service. Have you had the experience of locating wrong information while you were using search engines like Yahoo' or Google' to look for something? Have you had difficulties separating good information from bad because you had too much result? Maybe Yes'. As a matter of fact, not all internet businesses accomplish their own goal- "to provide consumers with the best service and to maximize a profit". Some businesses made a lot of profit and others failed in a few years with a big loss even though they invested huge amounts of money. Are there any specific reasons why some companies are successful and others not? Why do many big corporations keep failing in internet business even though they have a lot of experience in other than internet business? Although it might appear that the success of an internet business depends on a particular kind of service which a company provides, the real strategy of earning popularity in on-line business actually depends on how well the company manages its web site content to provide the most effective ways to give consumers satisfaction.
message to your target customers, from the traditional, like advertising in magazines, newspapers and direct marketing but one of the newer methods of communication that has been developed is the internet. (Ebook) With the expansion and mounting usage by the search engines, many small businesses can now cost-effectively and successfully own and operate their own website, giving them unlimited exposure.
As a result, the use of Web serving by any organization, which wants grow up and support a place in the market, is the best tool. This is because the increasing and development of the technology and communication (or by the globalization's growth) the use of the Web to make business is increasing too. Thus, when any organization applies de use of Web service, automatically their business value augment, because now, all the benefits that brings work on line they are going to help to the company in its growth.
Business models have been defined and categorized in many different ways, though all four websites examined have components of advertising, merchant, and manufacturing models. The web advertising model is an extension of the traditional media broadcast model, yet in this case the web site provides content mixed with advertising messages in the form of banner ads (Berger & Nasr, 1998). On the other hand, the merchant model involves wholesale of goods, while the manufacturer model is said to be based on efficiency, improved customer service, and a better understanding of customer preference (Berger & Nasr, 1998).
With the advent of Internet, all businesses started growing rapidly by extending their reach via the same. It
At the very start, internet revolution was known as a world wide web that would change everything. In 1990s, the concept of "online business" was created, this business is known by various names such as dot-coms, e-biz etc. which made easier to start a business on internet and inexpensive as well. Whether it's a big or a small, local or international it can reach infront of the world very easily. Thousands of ventures have been made on internet for online business on the basis of brick and mortar. Online business is not different from any other venture. Same rules and principles are applied. First thing to start up a business is to create a business plan and think of how to make money. Some of the options which should be applied for an online business includes, sell products, sell advertising, sell information, sell services and to become a reseller. All of these options are complied together. For any virtual business an individual should always look for products with high margins, high demand and less competition either for physical or digital manner. However, many services are sold on internet such as web hosting, domain name registration, software applications and comparison of different products and services. Selling information is another basic option in an online business which is done in two forms, one is subscribing on a website where online articles are available for free and on the other hand e-books are popular and are free, they can be downloaded easily plus when the writing is done the cost of subscription is very low. Advertising on internet leads toward a lot of money though it's an expensive procedure, with a lot of traffic on a web site one can make money easily by joining any kind of ad network such as Google. By getting affiliated with another web site can also make a lot of money such as sending a buyer on another merchant's web page, like this one can get a percentage on per sale basis but first an individual needs to get expert in marketing for search engines.
Internet threw open the plethora of opportunities for enormous scaling of business, thanks to the massive scope of expanding as well as popularizing the business by way of online advertisement. Now, every kind of business no matter big or small businesses can expand itself by way of online advertising where there are massive users across the whole world.
One of the most important benefits of having a website and a good online presence is that your business can be reached by your customers 24 hours a day. Just imagine that you have gone out to a shop to buy something, and you find it closed. You will move to another shop to buy the thing. Similarly, if you do not have a website or a good online presence, your competitor will get benefited.