The only challenged faced by offline business is the cost involvement due to infrastructure facilities and human resources. It not just requires a lot of money but also requires continuous supervision. Any commercial space would cost a lot along with the salaries of the staff involved.
“A lot of people are making money through online businesses through various ways such as content based websites, product affiliation marketing and selling products. Today, there are great strategies in place and one of the most accredited one is the E-commerce strategy. Many people now understand the importance of doing business through web.
It is cheaper and economical to start up the business online. The monthly costs are less than $25.00 per month along with whatever the marketing budget has been set. It can be anything from $25 to $100,000 per month. Many online businesses are spending millions every year in order to promote their websites.
“It is easier to get customers to the website due to tools like SEO” (Search Engine Optimization).
Social media has given companies an efficient way to connect to consumers and receive feedback. In the new economy, a website is no longer an option; it is a necessity.