10 Reasons Why Companies Should Start Doing Business Online

With the rapid down fall of world economy and dot-com companies in recent years many brick-and-mortar companies and new start-ups ask themselves: To Be Online or Not to Be Online?

Not long time ago, I read a comment of a well-known industry observer, where he stated that companies that are not selling through Internet by 2007 will probably become extinct. As dramatic as it might feel, although exaggerated, but there are some truths in it.

Consider this: Although diminishing due to bad economy, average growth of e-commerce is around 25 % per year. 81% of small businesses that have an online presence during last year’s holiday season reached new customers, leading to an increase in sales and profitability according to a survey conducted by Harris Interactive. Thirty percent of small businesses with a web presence and fewer than 20 employees now generate more than 25% of their revenue online claims Gartner research.

If this does not convince you to take your business online, below I pointed out 10 more reasons why you should start doing business online right now.

1. New economy

Internet has created a new economy, which by its explosive growth and sheer size already changed our perception of traditional way of doing business. Companies like Amazon and eBay have successfully created domination on areas, where just few years ago traditional brick-and-mortar companies were kings. However, in order to be successful on the net, you don’t have to be a giant like them. Many small and mid-size companies managed to build online businesses quite profitably. In fact, studies show small and mid-size companies will be the main growth force of e-commerce in coming years.

2. Internet is a perfect venue for business

In order to make a sale you need visitors to come to your shop. On the Internet, your shop could be only a click away from your prospective customers. With proper marketing your Internet storefront can have more buyers than you ever can get in a brick and mortar shop.

3. Company’s image

Whether you sell products or services online or not, in today’s world you have to have a corporate presence on the Internet. Otherwise, as you must have noticed that people simply don’t take your business seriously if you tell them that your company does not have a website. A nice corporate site definitely increases the image of a company especially if it has great product or service related content to go with.

4. Provide better customer support

Customer accusation and retention is one of the key factors of business value chain. Thanks to Internet technology, business can provide customer support more effectively. This means better customer satisfaction and increase of profitability.

5. Make information more easily available to customers.

Just a couple of years ago, companies used to require days to deliver products or services update information to their customers. Things have changed since then. Today you can add or make any changes to your company and product related content virtually in a matter of couple of hours, publish on your site and share with the whole world.

6. Cut costs

New technologies allow you to take virtually any part of your business online, that include supply chain management, billing, shipping, procurement etc. Streamlining these business processes through online systems will allow companies to cut costs significantly in almost every sphere of any business. For example: companies can reduce more than five percents of their maintenance, repair and operation costs by adopting e-business solutions. This five percent savings can turn into 50% of a company’s net profit!

7. Ability to do business 24 hours

How else you can continue making sales, while your stuffs are sleeping! The biggest advantages of online shops are that they are open 24 hours a day year round. Thanks to Internet off time, when your shop is generally closed, sales in some cases can be more than your regular business hours!

8. Low start up costs

Building a web site does not require big investments. There are many low cost tools available today, which can help you create sites from very scratch. Many business portals allow you to build web sites from templates. For less than 100$/month you can have a full-fledged corporate e-business site with all e-commerce features!

9 You physical presence could be in any location

The World Wide Web allows you to do business from any part of the world. Your physical location, except for few cases is not that important since you conduct your business online.

10. Go global

Thanks to Internet you can instantly become a global player. In fact, you don’t have to invest large sums of money to do this. There are literally hundreds of vertical and horizontal e-marketplaces available on the net. These marketplaces allow you for a nominal fee to get access to a large audience of prospective customers from all over the world. According to AMR Research more than 1,3$ trillion of good and services will flow through the B2B marketplaces. Who does not want a piece of this pie!

The right determinant of e-business success is the same like any off line business. You have to have a great idea, you have to have a business plan, there should be a value proposition for prospective clients and you should have belief in it and your ability!

Getting online is becoming cheaper and easier thanks to emergence of new technologies but marketing on the Internet is becoming more expensive.

Take your business online now, before the marketing costs become way too expensive for small companies.

Business Online Automation

The exponential growth of online business has created huge opportunities for millions of people who would love to work from the convenience of their own home as well as to compete globally.

I used to be someone like many of you who is working for someone else to earn a living. I have been away for 23 years from my family working abroad and dreaming to quit my job someday to run my own business and be my own boss.

Each of us has different priority lists in life. For me and to most of you, money is the number one priority on the lists as well as to have a work-life balance to enjoy life. People define success differently. To some, success is when you reach the highest position in the corporate world as the CEO of the company, to some success is when you get a passing mark in your examination or success is when you reach your target sales quota or it could be something that makes you feel happy from the inside when you do something for others. Success can be defined in so many ways.

I used to be an expat executive until May 2 of 2012 when I started to divert my own belief to get engage with my own goal directly. I quit my job and started to find my own path in building my own business from home.

Automation is not something new to online business entrepreneurs. Business online automation is a business operation necessity that you can’t afford to ignore.

There are few good examples to bring your business with automation. You can simply take payments online, you can build your own business mailing list, you can create a sequential auto responder follow up messages for you to build the know, like and trust.

Making money online or working from home is quite popular these days. You will see tons of opportunities, products or softwares that gives promises. And if you are desperately to make money fast, I am so sorry to tell you that there is no such thing to make you rich quickly. I’ve been there, spent thousands of dollars in different softwares or products and wasted my time trying product after product, but not seeing any sign of success.

To be honest with you, making money from them was a lot tougher. Some days of sleepless nights and I even think to give up frustratingly with all my attempts to make my first dollar online were not showing at all. It was a tiring and vicious cycle of despair of trying products after products.

Am I foolish Giving Up My Fixed Monthly Income From My Job?

Everybody says you would be foolish to give up a steady monthly paycheck and a corporate job security to take a chance on something new.

With Business Online Automation, the amount how much money you want to make, will be all up to you – from your hard work, consistency, marketing strategies, how much traffic you can generate (free or paid) to your own generating income website.

To those who wants to build their online platform, branding or integrate their offline business to online campaign. Business online automation is something for you to explore.

WHY CONSIDER BUSINESS ONLINE AUTOMATION

First of all, you’ll attract more customers without using your mouth to sell or pitching your product offline, spend less time in follow ups, building trust and credibility with your customers, automating your sales funnel activities to generate more revenue, generate different business campaigns and you can simplify business complexity to reduce both the time and the cost.

Some Impressing Facts About Buying Business Online

Have you heard that you can now buy business online? Yes, while it is already impressive knowing just that, here are some more facts about buying business online that will make you nod in awe.

Buying Business Online is at its Peak: On the 1st Quarter of 2014, business brokers reported a 1, 726 closed transactions. The huge number is the fifth straight quarter which breaks the benchmark of 1,600 transactions per quarter. The business industry has begun coping last year since the recession, and according to the expert, they are seeing the trends to continually grow this year.

The Price is Good: As the volume of business-for-sale remain strong, so as the price of the businesses. Sellers are getting the most value of their businesses this year since many business buyers are willing to pay for the asking price. This is because there are a lot of financing options for them as the economic growth continuously improves. Most of the business sellers last year are baby boomers who are either seeking to retire or would like to enter a new business venture, giving way to the younger generation to be entrepreneurs. With the transition, we are seeing a new and more exciting industry in the future.

New York Has the Most Number of Closed Business Transactions: The most populous city in the US has the highest number of closed business deals. Of course, this wouldn’t come as surprise since the city is expected to have the highest demand given its high population. And as always, entrepreneurs are running to the place with the biggest market.

Retail and Restaurants are the Most Bought Businesses Online: Most would-be entrepreneurs prefer to buy both retailers and restaurants last year. Meaning the growth on both business sectors are ideal. And although there are already a lot of retail stores and restaurant in the country, you wouldn’t run out of customers for as long as you offer something that would make potential customers go to you. Why? Because customers are willing to pay. Did you know that restaurant industry sales for this year have hit $683.4 Billion? Imagine if you can get a share from this whopping amount. That would be wonderful.

That’s it. Aren’t these facts good to know? The business industry keeps growing and the numbers are making it more obvious. Now, really is the good time to jump in the bandwagon of buying business online and being your own boss. I might miss something else about the business industry that you would like to share to us. Share it in the comments section below.