With so many online ventures failing, you may wonder, is it really worth considering setting up an online business? The answer to this is yes: internet based companies are still on the increasing 25 30% year on year. Even the economic slow down in recent years has not hindered this increase.
According to an annual report of internet trends by a top market Research Company, almost two third of Internet users in the United States have by now purchased a product or service online. Thats a dramatic increase from 2000.
While the hype over the new economy is maybe over, one thing is certain the internet has changed the way we do business. Many companies are now starting to grasp that their very survival may be in jeopardy if they are slow in implementing their internet business model.
However the question still remains – is there an efficient way to do business online?
Below I have outlined some components crucial to any online venture. While these might not be the only vital components of web based business, understanding them properly will significantly increase your chance of being successful with your online venture.
The main component...
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