What Is The Difference Between
Offline
And
Online
Business?
Online Business
1. Always open
A physical store will be limited to their
opening hours
and will not be able to sell their
products outside
of this time
In the same way an electrician will have
specific working hours
.
2. Less expensive to establish and operate
Setting up an
online business
does require some capital
But only the amount you need to
pay
for a
good quality
website builder with an ecommerce platform.
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3. Harder to gain trust and reputation
Competition is fierce in the
ecommerce business
world
And you need to find a way to stand out to
your customers
and persuade them that your products or services are superior.
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4. Growth opportunities
If you start your online business on a
small local scale
and it picks up traction quickly
Growing your business can be
fast and efficient
.
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Offline Business
1. Limited hours
An online business doesn’t adhere to
opening hours
, which means that customers can browse their
products or services
at any time.
2. Easier to persuade customers to buy
Once you have a customer in your shop, you are much
more likely
to get them to
buy something
In comparison to having a visitor searching on an
ecommerce website
.
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3. Easier to tap into local demand
If you are opening an
offline
business in your area
You understand
exactly
what people need and what the
gap
in the
market is
.
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4. More expensive to set up and run
If you have a
physical store,
then you will have to factor in the price of
renting and insuring
a space
As well as
paying
for running costs such as utilities and
staff salaries
.
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