What to consider when starting an e-business

The Internet has evolved significantly over the past few years and it continues to evolve. The Internet is a powerful tool that has the ability to transform your life and your business. The power of the Internet lies in its ability to connect people, share knowledge and build communities. With the right tools, you can build your own website today and start building your own brand.

 

Advantages of an online business:

1. can reach a global audience;

2. it is accessible 24 hours a day, 7 days a week and 365 days a year;

3. there is no limit to the number of users you can reach with your business (depending on the platform you choose);

4. you can build and grow your business while you sleep;

5. you can reach a global audience without leaving your home country or city;

 

Platforms for e-commerce

• website: Many people start their business with a website; creation is often free, but most sites have subscriptions in order to keep the website running, advertising costs on the site can be covered by banner or google;
• App: Apps are also a great way to reach more groups of people and not limit them to specific products like websites are. However, applications can be difficult to create and may also require subscriptions to function properly;
• QR code: Using a QR code sticker on your product can help you grow your business by being able to reach customers who don’t have or are unfamiliar with the internet. Codes can be used at events to let customers know where they can find your products with a quick scan.

How do you choose the business model and entrepreneurial model that matches your goals and skills?

Choosing the business model is one of the most important decisions you will make in your career. It can determine who you are and what you do for a living.

In order to choose the right business model for your goals and skills, it is important to know your strengths and weaknesses. This way, you can figure out what type of business model would be the best fit for your skill set. A good place to start is to ask yourself a few questions that will help you understand where your strengths lie:

• what are my interests?
• what are my passions?
• what do i like to do?
• How much time am I willing to dedicate to this new venture?
• am I ready to work for this new company?
• what kind of skills do I have?

In order to choose the right business model for your future, it is important to know what type of personality you have. This way, you can determine which business model best matches your personality.

 

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