Review of Traditional Business Versus Online Business

The traditional business is similar and different from online business in its own way. Both have their pros and cons. Here we deal only with the differences between these two modes of business keeping the similarities aside.

The basic difference is the way you start them. To start a traditional business you prepare a lengthy list of things you require, like place, furniture, basic utilities and so on. It’s a completely different ball game when you start an online business. The only utilities required are web hosting and autoresponder, that’s it. The capital to be invested also has huge margin. In order to start a traditional business you need to invest thousands minimum. You have to find yourself a place to establish your business. A building has to owned or rented. On the other hand in online business it is a meager amount that has to be spent. You require only a web site to start your affiliate marketing business.

The next difference is, gaining customers. In traditional business you have to advertise to promote your business and to attract customers. Whereas in online business, the advertising is done for a very small amount and yet it is efficient. Customers physically come to you for business transactions. These transactions are time consuming. Customers do visit us in online business but this visit is just virtual. They save the time and money spent in traveling.

To please your customers in traditional business you have to take care of lots of things. You must have an office with nice look and sufficient infrastructure. It takes a lot of time to set up a traditional business. Another thing that you should take care of is hiring your staff, which is not an easy task. It requires great skills to find the right person to do your job. The recurring expense is also very high when compared to the online business. There is always a fear of destruction because of natural calamity. When it comes to online business you can relax. You don’t have any office space to decorate in order to please your customers and moreover your customers don’t visit you. Hiring of staff is not an issue at all in online business. There are people ready to do your job online. You create your office wherever you are working.

Another point that makes huge difference is the working hours. In traditional business you have specific working hours to be followed strictly. In online business you work whenever you want and wherever you want. With the internet you reach out to a larger audience when compared to the traditional business. You cannot think of shifting your business place in traditional business. It is same as starting your business all over again. But in online business shifting is no big issue. As at the end of the day your website is the same no matter in which part of the world you are. The good thing is that you don’t have to commute daily to your office in online business. Your business is wherever you are.