E-business helps me a lots!

Bismillahirahmanirahim…

 

I guess some of you already know what is e-business right? But for those who still blurr about e-business you can read this. Why it is so important in business life and its really benefit us in running our business. E-business or electronic business is the medium to operate the business and it is very fast entering the market and at the same time it gives opportunity to entrepreneur to involves in this sector.  Besides, e-business makes an easier way to customer and seller in the process of selling buying. It give a chance to them to communicate, deals, discuss and shares any ideas or plan through internet and very effective around the world. E-business is a very simple to use such as send e-mail to all the staff, suppliers and buyer. Even the business not sells any product, but they still use the internet to running the business it also called e-business.

 

Actually e-business helps me a lot in managing time. Because internet can be used every time so my business was opened 24hours a day and seven days a week. I still can make money even I fall asleep. Interesting right? As long as customer has internet connection, they can communicate with me. So there is no barrier in term of geographic. I can reach customers everywhere at every time, it gives me opportunity to have a big target market.

 

When I running an online business, it reduces my transaction cost well. Why? Because it takes less man power to complete an online transaction. All the orders and payment just sent through online. I’m just print the orders slip and check the payment. No need to hire worker and pay them to do the entire task. Very effective because at the same time I can monitor my business by myself.

 

Running e-business cut back most of the costs involved in running physical location. First, we do no need to rent any shop, office and buildings which cost a lots per year. It also less expensive phone, rent and utilities bill than business with physical location. An e-business reduces the cost of paying employees because we do not need someone to manage our website during business hours, we can do by ourselves. Some e-business do not require any additional space and can be run out of your home, which you are already paying rent for or your mortgage payment. Even housing inventory may not be an issue because you may be able to establish a drop-shipping situation, where your wholesaler ships orders for you on behalf of your business.

 

Every business is unique, so it must have a unique e-business. Rather than rent a house or think how to get the money to invest in running business why not we just make an online business. Except it really save our money, it also give more opportunity to us in managing business, find a new customer and supplier, enter a new market and delas with many expertise in specified fields. We should look carefully at a business and make recommendation based on its specified needs.

http://smallbusiness.chron.com/advantages-e-business-2252.html
http://toolkit.smallbiz.nsw.gov.au/part/15/74/317