Many people ask me which business is better, offline or online. If you are new to this industry, I can understand why you would have trouble choosing between the two.
Let me tell you straight up, business online is much better than offline business. Why?
Because the Internet is global. This means that there are unlimited potential customers which you can reach out to with your products and services.
With an offline business, on the other hand, it’s limited by geography – that is if someone lives in India then he/she has limited access to your offline company because you are not present there physically.
Please note: This article does NOT claim that Online Businesses are always better than Offline Businesses . It’s talking about them comparing with each other.
Another reason why Online business is better than offline business is the fact that you can run your online company from home and work part-time. This means that you can still work for an offline company and slowly grow your online business where there is no geographical constraint on it.
What’s more, you don’t need lots of investment initially to start a product or service based online business unlike offline businesses where you require huge amount of capital (land/building/furniture).
With this type of businesses, even if you had some savings, they won’t come to much use without an actual physical space while these funds could be used in building up the inventory for selling products or hiring people to deliver services with minimal initial capital required.
I think I have explained why Online business is better than offline business. Now let me tell you briefly about the advantages of having an online business over offline businesses.
One of the biggest benefits that an online company gives to its owner is that it can be operated from anywhere in the world (given that there is access to internet). This means you do not have to live near your customers if they are far away. You can work from home or even while traveling! There are also no geographical boundaries.
For example, if someone in India wants to buy a house which exists in United Kingdom, he/she will need your service badly because getting a house designed and built abroad requires lot of professionals who are based there only so this customer would definitely require your service provided you have a business presence there.
With online businesses, the only real constraint to your growth is time and how hard you want to work. You can grow it as fast or slow as you want because no one else but you will tell you that. This type of freedom makes it great for those who don’t like following others orders much.
Another reason I believe why online businesses are so much better than offline ones is that in an online company all the tools required to run your company such as bookkeeping software, accounting software etc which usually require an accountant in any other business become readily available and easy-to-use for anyone just by accessing Google search engine and few more buttons on computer keyboard. This means an individual with very little knowledge can now use these tools to grow his/her business without being dependent on any intermediary.
In the online world, there are no limits as such. You can create a website or blog in which you can put up anything about your company and its products. What makes it even better is that you do not have to worry about the physical space of the office anymore. This means that you don’t need to buy expensive real estate and furniture for working with all those high electricity bills and other maintenance costs associated with them.
Another thing people like about offline businesses is that they generate cash instantly because they sell their services (physical) directly to their customers unlike online businesses who generally make an advance payment first which comes out of customer’s credit card account later. However, this is not really a bad thing because you can always ensure that your customers are of great quality by accepting advance payments. You will get more bookings if people trust you and believe in your brand.
Plus, it’s possible to run an online business while still being employed part-time so it really works out well for everyone who wants the best of both worlds! If you are interested in learning how to start up a part-time internet business then I suggest that you try Wealthy Affiliate which has everything needed to help anyone learn how to start his/her own real affiliate marketing business from scratch at no cost whatsoever. It even provides free hosting for one year.
Now let me tell you about the advantages of having an online business over offline businesses.
You can work from home or even while traveling!
There are also no geographical boundaries. For example, if someone in India wants to buy a house which exists in United Kingdom, he/she will need your service badly because getting a house designed and built abroad requires lot of professionals who are based there only so this customer would definitely require your service provided you have a business presence there.
So, what are you thinking now? Are online businesses better than offline ones? If so, why? Please use the comment section below to share your thoughts on this topic. Thank you for reading my article!