Hands-on Activity #7-1

Hands-On Activity #7

1. What are the main opportunities for doing business on the web?

The main opportunities for doing business on the web is that it is great advertising for businesses, it opens up to a world market that attracts people from just about every part of the world that could be a potential customer. Direct sales is another main reason for doing business on the web. Companies can cut out the middle man and go straight to the source themselves saving thousands or even millions of dollars. Cloud computing is another opportunity for doing business on the web. Cloud computing is paying for storage space on line which allows you to accesse your information from any where. Networking is also another reason to do business on the web, by networking you can increase communication, collaboration and productivity for businesses. Doing business on the web can have opportunities for a segmented market, which is marketing to a specific group of individuals that are only looking for a particular thing. Competitive advantage with branch locations is another reason for doing business on the web. You can start a business via-web where your customers wouldn't actually having to go into stores to purchase items.