Online Business vs. Offline Business
The growing number of businesses that make major investments in establishing and marketing their online presence makes it worth, taking a moment to differentiate between online and offline business. Both have unique strengths and weaknesses, as described below:
Business Model
Cost of setting up & doing business
Online business, in general, is cheaper than an offline business. In essence, an internet business is just a website– creating and maintaining a fundamental website is very cost-effective, with the registration of domain name often only costing a couple of pints of bigger and more basic hosting available for a fiver or so a month. () Other than that, online business has a low-cost structure. The lean cost structure offers more flexibility, particularly where y...