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Business Ideas Forum
Demerits and merits of physical businesses and online businesses.
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[QUOTE="Etini, post: 287210, member: 90141"] One disadvantage of running an online business is that your potential customers have limited trust in you as compared to physical business. Everyone online is a potential scammer. It would be hard for people to easily release their money to you, whereas for a physical business, they know you have an office which you can't run away from. So they find it more comfortable to pay you in advance. Online business is also good because it breaks geographical boundaries and barriers. There are some people that patronize sine businesses who would never have patronized them if not for the online space. I think even as an online business, you should also have a physical location where your customers can come and see. It builds the trust level for your online business. Both forms of businesses are good and a hybrid can be made from the two. I would prefer to buy from an offline shop though. [/QUOTE]
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Demerits and merits of physical businesses and online businesses.
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