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Advantages and disadvantages of web technology
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Starting and maintaining a successful business is the dream of all entrepreneurs. Today’s advancements in technology have created new opportunities for business owners to get closer to this dream. The Web has been the most effective tool in creating new opportunities for business owners. An entrepreneur should be more successful by starting, marketing, and operating a Web-based business.
The first reason an entrepreneur should be more successful starting a Web-based business is because it’s simple and inexpensive to set up. Once an entrepreneur has the proper licensing and permits and creates a website, Business is can began operating. A Web-based business decreases start-up cost by not having to acquire a physical location. Obtaining financing to purchase or develop a physical location can be difficult and expensive. Banks are highly sensitive to risk and are often reluctant to lend money to businesses. The greater the risk a lender takes in making a loan, the higher the rate of interest a lender requires (McHugh, J., McHugh, S., & Nickel, 2008).
Another reason an entrepreneur s...
The growth of online business has grown enormously over the years. Cliptomania is a family operated and owned small e-business that primarily sells clip on earrings (Brown, DeHayes, Hoffer, Martin, & Perkins, 2012, p. 308). Cliptomania early developments were very modest, and as such the company experienced copious strategic dilemmas. An initial strategic dilemma that the company encountered when establishing and building their new e-business undertaking was to create a website for the business operations and essentially to have it fully operable. The owners, Jim and Candy elected to hire a vendor to host the website and additionally utilize the IT systems resources of the vendor to sustain their business. At the very beginning they exploited the offerings of the Yahoo Store. However, continuing down this avenue of using the services of the Yahoo Store inevitably became too costly. By using the services and business offerings of a vendor made it convenient and effortless for Jim and Candy to start their e-business store. Unfortunately the couple did not have much in the way of professional help, and so they had to create and put together the website by themselves. Additionally they also had to deal with establishing their online credibility as many customers preferred to call in their orders just to talk with a real person before being comfortable enough to place their orders via the webpage.
Career Cruising is an informational website and available at participating schools, public libraries, and employment agencies across North America. This program is intended to direct individuals towards appropriate career choices based on specific criteria, such as education, training and previous experience. Individuals can find this information database self-directed, user friendly and rewarding while presenting a variety of options to meet their personal needs. Not only does it offer assistance for the perspective individual in career development, but also on SAT/ACT preparation, online study guides, interview strategies and seminars by promoting growth and effective career opportunities.
Credit Cards - many buyers these days are tapping their credit cards for their down payment to buy a website. The downside of this option is that if you are getting an SBA loan to buy a website, they won’t let you use “a credit card/loan – borrowed money” for the down payment. Other than that this option works for many since there is no waiting for the money or cumbersome approval process.
During the last decade, we’ve been to the top of the world—during the dot-com boom of the late 1990s—and back down again, when it all fell apart a few years later. But with the bad came the good: The Web forever changed the business world. The following small-business owners are shining examples of how Web-based technologies can be a businessperson’s best friend.
message to your target customers, from the traditional, like advertising in magazines, newspapers and direct marketing but one of the newer methods of communication that has been developed is the internet. (Ebook) With the expansion and mounting usage by the search engines, many small businesses can now cost-effectively and successfully own and operate their own website, giving them unlimited exposure.
As a result, the use of Web serving by any organization, which wants grow up and support a place in the market, is the best tool. This is because the increasing and development of the technology and communication (or by the globalization's growth) the use of the Web to make business is increasing too. Thus, when any organization applies de use of Web service, automatically their business value augment, because now, all the benefits that brings work on line they are going to help to the company in its growth.
Some of the strengths our company has are the cost advantages of hosting a web-based business, unique services in monthly website maintenance, and a customer-centric design. Another strength is having two business partners: one that is focused on design, and one that is focused on programming. The design structure of the company shows that both areas of website development will be superior because each part, the design and the programming, will be completed by a professional in the area. Because there are no other web development business in the area that provide monthly maintenance, more customers will be willing to pay for this service to be provided to them. The cost of possessing a web-based company, rather than a store-based one is much lower, making the company easier to start and maintain. Finally, the company has developed a customer-centric design, g...
Social media is a form of online communication channels devoted to society input, intercommunication, and cooperation. In social media, people can talk and interact without restriction, exchange and debate information with each other about their lives by using many different combinations of the words, personal multimedia, photos, and videos. Also, in social media, individulsa and groups can create, edit, comment on, and engage in personal conversations. There are numerous types of social media, for example, wikis, blogs, social network site, micro blogging services, and sites sharing media. At the beginning, social media was limited to a few networks sites, for instance, Bulletin Board System that allows people to communicate with each other and post a comment. Today, social media has transformed from ineffective sites to more useful and effective websites, for example, Facebook, and MySpace. Some companies are using social media to achieve their goals which is attracting more customers to company website. Three advantages of using social media in business are: raising brand consciousness, building customer relationships, and increasing performance measurements.
According to the author, e-business is conducting business on the internet by not only buying and selling goods, but also servicing clients and collaborating with business partners by using all the human technologies.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.
Web hosting means you make your website accessible to anyone on the internet at any time (24/7). “Web hosting refers to a service that makes your website available to your users.” (quackit, 2014)Web hosting services are usually full of data and information that you wish to access. They contain links to millions of sights that will help you find the information you need. An example of this is Google. Web hosts usually share a server with many other sites. Paid web hosting is when you pay to run your server and don’t have adverts on your site. The benefits of paid web hosting are that there aren’t any pop-ups or adverts that the users using your site would find annoying. Also, there is more user dependency because they would be subscribed to the website and would feel obligated to go back (like Twitter for example). The costs to the organisation is that if there are many ads and pop-ups it would reduce the professionalism of the website and ruin the image you want to portray.
Conclusion Any new business venture can expect a slow start and may not turn a profit for some time. The key to establishing a successful new eBusiness venture is to create a good and unique website, adequately marketing that site to potential consumers, and consistently reviewing and enhancing the site to meet customer needs and new trends in the marketplace. Primus was able to turn its venture profitable in a relatively short period of time by created a site that centered around the customer, working within its budget to enhance features that added value, and effectively utilizing resources (i.e. Staff, Financial) to generate the website. References: Rayport-Jawprski. (2003). Introduction to e-Commerce.
The mentality to promote the organization success and the desired target group has to be “buyers on web” instead of the “ owners of the organization”.
Communicating with others has become easy for people to do. Internet allows for a faster response and even video chat. A web page also allows for a company to communicate their purpose and beliefs of their business to the people. This allows
At the very start, internet revolution was known as a world wide web that would change everything. In 1990s, the concept of "online business" was created, this business is known by various names such as dot-coms, e-biz etc. which made easier to start a business on internet and inexpensive as well. Whether it's a big or a small, local or international it can reach infront of the world very easily. Thousands of ventures have been made on internet for online business on the basis of brick and mortar. Online business is not different from any other venture. Same rules and principles are applied. First thing to start up a business is to create a business plan and think of how to make money. Some of the options which should be applied for an online business includes, sell products, sell advertising, sell information, sell services and to become a reseller. All of these options are complied together. For any virtual business an individual should always look for products with high margins, high demand and less competition either for physical or digital manner. However, many services are sold on internet such as web hosting, domain name registration, software applications and comparison of different products and services. Selling information is another basic option in an online business which is done in two forms, one is subscribing on a website where online articles are available for free and on the other hand e-books are popular and are free, they can be downloaded easily plus when the writing is done the cost of subscription is very low. Advertising on internet leads toward a lot of money though it's an expensive procedure, with a lot of traffic on a web site one can make money easily by joining any kind of ad network such as Google. By getting affiliated with another web site can also make a lot of money such as sending a buyer on another merchant's web page, like this one can get a percentage on per sale basis but first an individual needs to get expert in marketing for search engines.