Online business is most suited for producers and manufacturers. They can sell their products directly to their customers. Most important, online trading helps them eliminate middlemen to whom they shell out quite a few dollars in terms of commissions. They also save on delivery costs. The manufacturers can pass all these savings to their customers, who get to buy products at a price that is much less than the market price.
E-commerce sites not only increase business but also enhance visibility. They become an interaction point for manufacturers to receive feedback from their customers. This is why most manufacturers like to have a web presence. They not only generate a useful stream of income, but also come closer to their customers.
Online business also suits those who sell services like legal consultancy, tutoring, travel services, etc. The revenue generation in this case may be limited because services are not products to be stored and shipped on demand; they are a relationship-based trade.
However, any service enjoys two big advantages on the net. The first is reach. You are able to reach more number of people, and if you have a team of people you can...
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