Online business - also referred to as e-business - is any kind of business activity that happens online (over the internet).
A business owner who does any, or all, of their business using the internet, is running an online business. Running an online business can include buying and selling online, and providing an online service. A wide variety of businesses can be found online, in many different industries.
Anyone can start an online business. If you have a unique product or idea, you can find a way to sell or trade it online. It's just like a traditional 'bricks-and-mortar' business, except your office or shop is online, so you have to decide how it will look and appeal to customers.
Types of online business
Online businesses can have different online business-fronts (how they appear on the internet). These can take many forms, such as:
online shops or marketplaces
social media accounts.
Advantages and disadvantages of online business
There are a lot of things to consider before making the decision to start or move an existing business online, particularly if you're not a computer or web guru, or haven't ever started a business before.
Benefits of doing business online may include:
cost savings in rent and staffing
greater flexibility and efficiency in product and service delivery
24/7 accessibility to customers all over Australia (or worldwide).
There can also be drawbacks in doing business online, such as:
some technical or web knowledge may be necessary
software and hardware expenses
risk of online scams and fraud.
Know your IT before starting online
(…that's 'information technology'.)
Learning how to use your computer and its software packages, as well as how to navigate the internet without getting lost, will let you run your online business much more smoothly.