If you are thinking of starting a Internet businessIt is convenient that you know the advantages and disadvantages that all this implies, since although it can be a rewarding experience, many times it also becomes a real nightmare. Here we share the pros and cons of an online business.
Advantages and disadvantages of an online business
Many may think that because there is no need to build a physical store or rent an office, an Internet business is relatively simple. However, there are many other factors to consider. As in everything, there are positive and negative things about an online business. Let's look at the advantages first.
Pros
- It is quick, easy and inexpensive to set up. You only need to cover the costs of the Internet connection, the domain name, web hosting, page design and maintenance costs. The business can be up and running in even a couple of days.
- Complete independence. You are your own boss, you can work at the time that suits you best, any day of the week, even there is no need to leave the house.
- Your business works 24 hours a day. An online business is accessible at any time of the day, 7 days a week.
- Greater exposure. People from all over the world can visit your business and buy your products in a matter of minutes.
Cons
- It's easy to get distracted. When working from home, it's easy to get distracted with other household chores or non-business related things.
- Highly competitive market. Virtually any type of business is available on the Internet, that means that the competition is very high. Therefore, it is essential to identify a niche where your business stands out.
- Technical problems. The website may experience crashes due to too many visits or sales, server crashes, etc.
- Direct contact with the customer is lost. Many people still prefer physical purchases since that way they know well what they are buying.