Advantages,and,Disadvantages,S business, insurance Advantages and Disadvantages of Setting Up an Online Busines
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Why do businesses go online? There are a lot of reasonswhy businesses go online, such as wholesale clothing businesses.Several advantages has been cited why this is occuring, some of thoseadvantages are:· In an online business such as an online clothing shop or anonline wholesale clothing shop, you could receive a larger profitmargin than a brick and mortar one. Unlike a brick and mortarbusiness, online businesses such as an online clothing shop wontnecessarily require a middle man in its business process. Thisin-turn will generate more profit than those of a brick and mortarone. · Youll have better control on your pricing. By removingthe middle man, youll be having better control on the flow ofyour pricing. Allowing you to negotiate and offer more discounts thanyour competition. · Lower price tags than those of a brick and mortar clothingshop. This in-turn will attract more customers to visit your site andbuy your products. · Offer your products on a larger market. Unlike the brick andmortar clothing shop, online clothing shops can target its market ona larger scale. By use of some successful internet marketingstrategy, this could provide your business with global recognition. · Location is not required in an online business. Unlike a brickand mortar clothing shop where success depends greatly on itslocations, online clothing shops would only need to set up a website.This could save you time to do some studies on your stock thaninterviewing and observing the traffic of people in your location. · Setting up an online clothing shop is cheaper than buying orrenting a place for your clothing store. If you have some knowledgein setting up an online business, then you wont have to hireyourself a team of web developers. Butother than advantages, there are also some disadvantages of settingup an online business like an online wholesale clothing business.Some of these disadvantages are as follows:· Youll have no control on where you sell your products.It could be from some place that youve never heard of. · Lack of knowledge in E-commerce could leave you susceptiblefrom scams, hacks, and viruses. · Extra cost when your customers are countries away from you.Cost on shipment is very expensive, especially if youre onlytransporting only a couple of products to your customers. · It could cause you to loose your focus on managing your storeaccounts (if you have any). This is because online shops are neededto be maintained on a daily basis. Also, glitches and bugs within thesystem could cause you more trouble and more expenses.
Advantages,and,Disadvantages,S