Question

Which are the first steps you should consider while building a online business strategy

Answer 1

Answer: Planning

Explanation: planning is pre determine strategy that require to make the idea successful.

Answer 2

Answer:

Any form of business transaction in which buyers and sellers interact through electronic or telecommunication network can be called a business or online business.

First steps we should consider while building a online business strategy are :

• At first we should see that the setting up cost of a business. Which is generally low and fixed assets are not required.

• We should see the market conditions and the market demand.

• The most important step is advertisement which will lead to the awareness of the online business among the customers and will attract them definitely.

• E-business has the scope for going global providing the owner a business with no boundaries.