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Wednesday, January 16, 2008

Pros & Cons of Internet Business

Internet Business and private enterprise in India is drawing attention and speculation. The thrills of emerging your internet business, the flexibility to set your own hours with the promise of financial rewards are all magnificent reasons.


There are now a new ways you could be in a position to earn the monthly income you need without having acquiring to stick to that dead end employment of yours? The vision of creating money on the internet is actually attainable and many folks would grab this prospect.


Guidelines for setting up of a Internet Business:
  1. Set up a separate working room in your home with easy access to the materials and resources needed.
  2. Manage your time for different business activities.
  3. Stability between actions and planning.
  4. Contacts & online networking.
  5. Professional representation.
  6. Automate your online business as much as achievable.


Advantages:
  • Anybody with an internet connection can purchase you product or services.
  • Easier to distribute.
  • Offer a newsletter with information and discounts for new services, add-on or products.
  • Business hours – 24/7.
  • Easy and suitable way to get comment for analysis.


Disadvantages:
  • Hard to get noticed in the crowd.
  • Many people find it hard to depend on someone they can't see.
  • Clients are more demanding with an online business.
  • For service related sales, payment risk could be an issue.
  • Doesn't work for every possible product.