e-business offering numerous benefits
Answers
There are actually innumerable advantages of e-Business, the most obvious one being the ease of doing business. ... Cheaper than Traditional Business: Electronic business is much cheaper than traditional business. The cost taken to set up an e-business is much higher than the cost required to set up a traditional business.
Explanation:
Forgoing the traditional model of a brick-and-mortar location means small-business owners save a tremendous amount of money at startup. You save money when you don't have to pay for a storefront, utilities, building maintenance, and you also save time by not having to manage those things. If you sell products, they no longer have to go from manufacturer to warehouse to store to the customer’s cart, they can go from the manufacturer to the customer’s virtual cart, which saves on shipping costs and makes products cheaper overall.
Better Communication and Faster Decision-Making
E-business allows for conversations to happen quickly. Faster decision-making saves time, and time is money in business. E-business allows people to communicate in several ways that facilitate understanding.
If someone is not comfortable on the phone or through a video chat, there is always messaging and emailing. People who don't speak the same language can communicate through translation software programs.
The Office can be Anywhere
Any device that connects to the internet can be used as an invaluable e-business tool. Your tablet, phone and computer all make 21st-century work tasks available at the click of a few buttons. Social media, email and teleconferencing mean that anywhere can be an office as long as the internet is there. The software that supports e-commerce professional endeavors is vital in all of this and opens up others avenues for creating and sustaining various e-business products and services.
As an e-business owner, you can work anywhere in the world. Without being tied down to a physical location, you can create a healthy work-life balance. E-business means you can be there for your family or go to school or pursue your passions while crafting a business that works for you.