Advantages and disadvantages of online business??

Discussion in 'Growing and Managing a Business' started by bytrade001, Sep 22, 2011.

  1. bytrade001

    bytrade001
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    Advantages:
    * You can run your business from anywhere
    * Low overheads (hosting and maybe staff costs)
    * The internet is still a open market, lots of opportunities for new business models exist.
    Disadvantages:
    * Low barriers to entry which means that it is easy for someone to set up a website and compete with you
    * Business models can easily be copied, look at youtube and how many copys of their site exist

    any else opinions?
     

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