Advantages:
- 24x7 operations (order taking system)
- no concept of physical space. (ie. a stall in the mall can only accomodate a few people, in
ecommerce, even 100 people browsing your site at 1 time can be possible.
- no rent, utilities expense, just webhosting and web maintenance.
- if you are selling downloadable stuff (ie. ebooks, music, documents, video..etc) then there would be no shipping cost.
Disadvantages
- nobody knows you exist. you need to do Internet Marketing both offline and online
(online- promote your site to lots of people like this forum)
(offline- post ads in newspapers and other traditional advertising materials)
- some people are afraid of buying online (ie. giving out credit card details)
Regulations
- Normal business regulations apply.
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