Friday, March 09, 2007

Comparision of online and offline businesses...

In case of offline business you have a infrastructure in the form of land , building , machines if it is product development company , human resources working for you. you interact with various stake holders like employees, clients , board members and shareholders.you keep an eye on the competitors product and strive to have a competitive advantage and invest in R&D to create innovative products. during the course of your business you meet with several people , may be employees or clients..you keep customers tastes and preferences based on their buying behavior and try to leverage it to produce more products which the customer is attached to it..
you make a sale and get cash on hand if it is a cash and carry business and if it is a credit business you have several terms with the clients.

Incase of online business your computer is the key to online business and your website is your shop , you explore for many opportunities on the internet , meet with many people, check in forums , make friends, get affiliated with many income opportunities , work for them and get paid into your online currency account like paypal .

No comments: