Traditional business
Business is always the matter of buying and selling with money exchange. The market always follows the same strategy to the products and services. The business activities were performed from olden days is the traditional marketing system. The buyers can view the product with the sense of touching and bargain the price value directly from the sellers. This system was very useful for various business type to get product benefit while buying.
The days from the past to the present have changed a lot in all means especially in technology. The market coverage in this traditional method is only to the local surroundings than the other spaces. The profit or loss that u obtain from the business will meet in the local market alone.
Online business
This is the current trending methodology following by the business organization focusing the local as well as the worldwide market. Here the people can be connected towards the market of the company to immediately buy or sell any product or use any services within fraction of seconds. In the period of 1990’s lead to the development of internet technology which brings highly efficient internet marketing in the recent days. Online shopping websites became very common in India and also several parts of the world. The monetary transaction which is the important function carrying through the online business is provided in various platforms that can be preferable according to the user convenience. The business ideas can be implemented very freely in the internet platform to get a reach ability in the people.
Business websites are available in online for various field that can enhance the company wealth in a good manner. In India Flipkart, Amazon etc. acts as the shopping websites similar to that there are online Classifieds are also available to search business information. So the way of buyers and sellers made it different to the market from the olden days to till now through the platforms.
The publicity and keeping a good position in the society is now ready with the internet technology. Are you looking for an best website design company in coimbatore, Webzschema is an answer. Business from the past to the present have changed is already mentioned in the above discussion made people to think over the traditional and online market. There are lots of merits and demerits in the E- Commerce system to the normal business.
Online Vs Traditional business
Online business – Merits
- Do not need to spent much time on visiting the business location for the service or product
- If you are interested in any of the product or the service then the purchase is simple with click on transaction mode
- Sitting idle can able to do business and get connected with each customers
- Local market and the global market is in your hand
- Each seconds of updates can be forwarded to the business person without any interference
- If you are interested on using any of the product or service of popular brand then the benefits is common in the traditional marketing style as well as in the internet style
- Safe and secured way of business dealing
Online business- Demerits
- The business dealing cannot have an interaction between the buyer and seller
- The way of bargaining cannot be proceeded
- If suppose the secures of the website is less than the business transaction will be dropped
- Moreover instant purchase of touching and feeling the product is not allowed in online business i.e., the product tangible
- Product quality except the brands cannot be a good one always
- Not all the people will be aware about the online business till now
Traditional business
- It is the olden method of business
- Easy to follow for everyone without fear
- Confirm interaction with the buyer and seller (At least the concerned person)
- Buyer can choose the product with efficient quality
- Bargain can be performed if the seller fix the price too much
- Immediate purchase of products can be made than expecting the delivery date as in online type
- Safe and secured money transaction
- Can able to cover local as well as global market depending upon the business type
