What are the merits for the online business over the offline businesses?

[Stardom22]

Most people like the fact of the flexibility, operation without the need for the physical business space and ability to save on the documentation and logistics compare to the offline business where the entrepreneurs would be forced to rent out the business space, commitments on the opening and closing time of the business among others hustles for sure.

 

[Springtime]

The merits of online business are that you do not need to pay rent for a physical store. You can also sell online anytime, anywhere. However, without physical presence, you need to think of ways to promote your online store so that people are aware of your presence.

 

[Augusta]

There's flexibility with online operation of business. You don't need physical space to start and you can start with little capital unlike offline business

 

[Suba]

Some of the advantages of online business compared to offline business are that it does not require large capital, has a wider market reach, more flexible shop opening times, can sell any goods if you have a lot of contact with suppliers.

 

[Suba]

According to several online traders, online businesses are easier to run than offline businesses, online businesses also do not require many employees. Online businesses also require smaller operational costs than offline businesses.

 

[SHAHID987]

I am involve in both businesses as offline and online. The merits of online business are as I don't need to pay rent of the shop and I also don't need to pay electricity bills.

 

[Augusta]

Yes, starting online business is a lot easier as you can just begin with the business idea you have and see how it goes.

 

[freelancermaria]

One benefit of an online business is that you do not need to lease a physical space, which can be quite expensive, especially nowadays. If you rent out a space in a mall, it can be more expensive.

 

[Stardom22]

Most online merchants don't pay business permits, Babbage collection service fee, wages and salaries for the workers and even commute fees for that matter.

 

[Nomad]

You need at least $1000 to start a street food cart business, but you can operate cloud kitchen for less than $100. The lower cost is the major benefit.

 

[eLdavis]

One major advantages online businesses have over the offline ones is that in most cases your physical presence is not needed. You could be anywhere and still manage your business.