Why do many people say: “2020 if you don’t have an Online business, don’t do business”. Currently, the number of internet users in Vietnam has set a record with more than 30% of the population, putting our country in the top 20 countries with the most internet users in Southeast Asia and 8th in Asia. This is indeed an attractive market. So why don’t we take advantage of this power? With little investment, diverse communication tools and large customer base are the most obvious advantages of the online business method. Here, Vio Digital will share a more detailed analysis of the question for you to understand better.
Why 2020 if you don’t have an Online business, don’t do business
Amazing scalability
Not every online business is easy to succeed with an exponential growth rate. Many businesses start out thinking that customers will automatically find them on the internet and revenue will flow into their pockets. They think that a few posts on facebook, Twitter, Instagram will turn an online business into a virtual money collection machine. But the truth is that it takes a long-term strategy and business plan to do that.
Scaling a business isn’t easy, whether it’s a media business or an online business. However, online business has the advantage of not being limited by geographical location. They can reach every customer all over the world. So, once the Marketing strategy is successful, the online business can easily expand its goals and increase the budget to grow quickly.
Currently internet services are increasingly diversified. Types of high-speed connection services have a rapid growth rate. In recent years, internet access services via 3G mobile infrastructure have shown tremendous growth due to the convenience of use. The speed of domestic and international internet connection is getting faster and faster, effectively serving the development of users and services.
Unlimited freedom.
2020 if you don’t have an Online business, don’t do business, indeed, many entrepreneurs choose this business idea for freedom and comfort. roof that this type of business brings. Modern technology, laptops, tablets, modern applications allow them to run their business from any location. You will very easily see a businessman sipping coffee at Starbucks while working with only a computer or device with Wifi connection.
Online business has the advantage of not being bound by time and place of work. Many people see freedom as an incentive to work harder. However, do not confuse the concept of freedom and let time go to waste. True entrepreneurs are people who respect freedom and will work hard to spend more time with family and outside activities, which they miss when they have an administrative job.< /span>
Low cost, high profit.
Online business allows you to eliminate the huge costs that ordinary businesses incur, such as renting an office, store or the risks of hoarding inventory . A dropshipping arrangement (skip shipping), or a make-to-order arrangement can minimize financial risk and allow consistent profitability with less upfront costs.
Your job is just to market that product and take orders. You will then pass the order on to the agents connected to you. They will take on the responsibility of shipping the product to the customer. And you will receive a discount.
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According to a statistic, the expected number of online shoppers in 2020 is 2.05 billion people, while the world population is about 7.8 Billion. This means that about 1 in 4 people will shop online and this number is increasing. 2020 if you don’t have an online business, don’t do business as a push, opening a new trend for the development of the platform Vietnam’s economy.
What do you think if you use advertising tools for your online business, your store appears continuously on websites and the number of visitors it only takes 1/10 of the cost you spend on media advertising channels.
Easy access to world markets.
The beauty of an online business is the ability to operate 24/7 from anywhere. With no geographical boundaries and no specific hours of operation, an online business can generate profits every second, even while you’re sleeping.
An online business can thrive through building a social media plan, search engine optimization, and paid advertising strategies. money. Access to any country in the world is just at your fingertips. Limiting targeting to specific countries, regions, and countries gives an advantage to an online business
Summary
With only the above 4 basic benefits, it is enough to help us imagine the reason why 2020 needs to grow an online business.
If you are learning about this online business trend and do not have an effective online business strategy, you are struggling about how to increase revenue for the page. If you don’t do business online, don’t do business then contact < a href="http://vioagency.vn/" target="_blank" rel="noopener noreferrer">Vio Company. We will help you to solve all your concerns and worries enthusiastically.
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