Advantages and Disadvantages of an Online Business

Everyone wants to get ahead! Everyone wants to make more money. And with the invention and astounding expansion of the internet, more and more people are starting an online business. You can sell your own product, or sell someone else’s, provide a service, or sell a service – the list is endless. However, like any business, there are advantages and disadvantages of an online operation. This article attempts to outline some of these advantages and disadvantages. I’ll also give some simple tips on overcoming the disadvantages and consolidating the advantages.Many online businesses are run from home, which has it’s own perils and pitfalls, if you are not aware of them. Working from home, there are many distractions that can take away your focus from making the business successful. It is so easy to be distracted by kids, spouse/partner, the television, the fridge (:-), your backyard, friends, … Losing your concentration on making your business successful is a business killer. A simple solution is to make time for each of these distractions – when you are with your family, be with your family 100%. When you are in your yard, concentrate on that. Record your favourite TV shows and watch them at an appropriate time. Set yourself break times and stick to them. Tell your friends when you are working – THIS IS YOUR JOB. Would they visit you if you were in an office whenever they wanted? Occasionally yes, but not all the time. This will allow you to focus on your business when you should be focusing.Another disadvantage (and also an advantage at the same time) is than an online business is exactly that – ONLINE. Being online provides its own distractions. The internet is a VERY big place. Emails (you know the ones – not business related but fun to read) come in all the time and you just have to read them NOW. It is very difficult sometimes to focus on what you are doing, but that is exactly what you have to do. Re-examine your goals if you need reminding about what it is you are trying to achieve. Answer those emails on your own time, not your bosses (you, in case you’ve forgotten).Being online is a HUGE advantage over a traditional bricks and mortar business. The diversity, range of options to make money, people you can sell to, the list is endless. Congratulations on making the decision to move your business online – if you remember these hints, you’ll definitely make your business successful.