Eric Asare d1
Make recommendations for a business organisation consider going
online.
The first reason why I will recommend you to open your business online is that
your physical presence could be in any location because the internet is used all
across the world which means that the internet enables you to operate your
business anywhere in the world.
The second reason why I will recommend you to open your business online is
because of the low start-up costs. The reason for this is that it does not require a
huge amount of money to build and operate a website therefore there will be
many low cost tools available which enable you to create the website from the
very scratch. Lastly there are many business which allows you to build web sites
from templates for less than 65.29/month.
The third reason why I will recommend you to open your business online is that
we live in a new economy where everything is based around the internet
because of its explosive growth and sheer size already changed our perception of
traditional way of doing business. Companies such as Gumtree, amazon and
EBay have successfully created domination on areas, which in previous times
were ruled by traditional brick-and-mortar companies. However in order for your
business to be successful on the internet, you have to start small because it
been proven that by starting off small or mid-size your business will be the main
growth force of e-commerce in coming years also many small and mid-size
companies tend to be profitable.
The fourth and last reason why I will recommend you to open your business
online is that it provides you with the ability to do business for 24 hours because
there is no way of continuing market sales whiles staff members are sleeping.
This ability is a massive advantage because the online shop is opened 24 hours
all year round which will be beneficial also to other people in different time zones
and also this means if the shop closes you would be able to go on and still make
an order because the website is opened 24 hours all year round compared to
regular business hours.
Make a justified conclusion about whether it would be a good idea to
proceed or not.
All in all I think it good idea to proceed a business online because it’s cheap, fast
to create, reliable and everyone in the world would be able to uses it and it
comes with less risks such Fraud which can affect customers and give the
business a bad name as well as a bad reputation because customers think if they
put their credit card details someone will hack into the system and take money
from their credit card. But problems this can be easily dealt with by ensuring you
have protections such as a secured server and firewall in place also another
solution is to tell the customers to pay through PayPal because PayPal secures
your credit card details so no one could hack into their credit card. Another risk
of running a business online is Legality because in some counties your product or
service might not be legal there so if you ship a product without knowing their
local laws could cause huge problems for you online business which could lead
on to liability or prosecution plus some areas require collection of sales tax on
Internet sales and if you don’t pay the state sales taxes could lead on to
problems with the state revenue departments. But if you compare the
Make recommendations for a business organisation consider going
online.
The first reason why I will recommend you to open your business online is that
your physical presence could be in any location because the internet is used all
across the world which means that the internet enables you to operate your
business anywhere in the world.
The second reason why I will recommend you to open your business online is
because of the low start-up costs. The reason for this is that it does not require a
huge amount of money to build and operate a website therefore there will be
many low cost tools available which enable you to create the website from the
very scratch. Lastly there are many business which allows you to build web sites
from templates for less than 65.29/month.
The third reason why I will recommend you to open your business online is that
we live in a new economy where everything is based around the internet
because of its explosive growth and sheer size already changed our perception of
traditional way of doing business. Companies such as Gumtree, amazon and
EBay have successfully created domination on areas, which in previous times
were ruled by traditional brick-and-mortar companies. However in order for your
business to be successful on the internet, you have to start small because it
been proven that by starting off small or mid-size your business will be the main
growth force of e-commerce in coming years also many small and mid-size
companies tend to be profitable.
The fourth and last reason why I will recommend you to open your business
online is that it provides you with the ability to do business for 24 hours because
there is no way of continuing market sales whiles staff members are sleeping.
This ability is a massive advantage because the online shop is opened 24 hours
all year round which will be beneficial also to other people in different time zones
and also this means if the shop closes you would be able to go on and still make
an order because the website is opened 24 hours all year round compared to
regular business hours.
Make a justified conclusion about whether it would be a good idea to
proceed or not.
All in all I think it good idea to proceed a business online because it’s cheap, fast
to create, reliable and everyone in the world would be able to uses it and it
comes with less risks such Fraud which can affect customers and give the
business a bad name as well as a bad reputation because customers think if they
put their credit card details someone will hack into the system and take money
from their credit card. But problems this can be easily dealt with by ensuring you
have protections such as a secured server and firewall in place also another
solution is to tell the customers to pay through PayPal because PayPal secures
your credit card details so no one could hack into their credit card. Another risk
of running a business online is Legality because in some counties your product or
service might not be legal there so if you ship a product without knowing their
local laws could cause huge problems for you online business which could lead
on to liability or prosecution plus some areas require collection of sales tax on
Internet sales and if you don’t pay the state sales taxes could lead on to
problems with the state revenue departments. But if you compare the
