What and Why is an Online Business?
What and Why is an Online Business? Online business (online business) is any type of business that is run online using internet media. There are online businesses that run 100% online or there is no "offline version", some are using online businesses to develop their business.
Let us further understand what are the advantages of an online business over a traditional business, and why you should take advantage of an online business to grow your business.
The advantages of an online business
Although not absolute, running an online business - especially in an era when the internet has become commonplace - is more profitable in terms of time, effort and cost. Building an online business does not require large investment costs, does not take a long time, does not require high maintenance costs and efforts.
Online business also has other advantages such as the ability to expand your business to a larger scale very easily. You can also reach potential clients with a larger volume than without using an online business.
What's more, when your business is running online you can work from wherever you want. From home or office, from within the country or abroad, while traveling or on vacation. Can.
That's what online business is like. All factors of business development favor the online world.
But keep in mind that online business is NOT a shortcut to getting rich. Even though it is true with online businesses, the opportunity to build passive income is wider, all of this still requires effort. Online business is the same as an offline business, everything requires effort and must be done professionally.
From all the reasons above, I dare to state that online business is the present and the future of business.
What do I need to understand and be good ?
Starting an online business or expanding into an online business, you need to learn new knowledge that is not taught in school. All of this science is related to technology, right? considering that online business is based on technology, of course, you can't be clueless and have to open your mind to learn some new things.
Given that there are not many online business experts in our country, a business owner should master the knowledge and terminology of online business.
One more thing, English language skills. Even if you are eyeing the Indonesian market, at least you need to master passive English, at least be able to read and listen to English dialogue, because the interface or face-to-face of all equipment related to online business is almost all in English.
Targeting foreign markets is certainly more profitable for online businesses because of the larger volume. If you want to target foreign markets, have an active command of English, at least be able to write fluently.
This is just an overview, the technical requirements in mastering online business will be discussed in the next chapter.
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