Difference between Traditional and online business?

[paylan]

hello guy help me what is Difference between Traditional and online business? express your thoght about this.

[noelagnote]

Traditional businesses have some limitations. You can't do it as part-time, requires huge investment which a common man can not afford, unless and until you have some experience of business you can't start, unfortunately if you fail in one business then it is very difficult to start another one, requires big space and set-up, you have to work as per customer's demand. etc. etc. etc. While in online business you don't required any investment, you can start it at free of cost,this you can do as part time job and if you got huge success, left the present job, it's possible.Online business requires very less experience but if you have some technical knowledge that is well and good. You can do it from your home or cyber cafe because this type of business don't required any set-up, only a computer with Internet connection is sufficient, online business has no time limit if you wish you can do it as 24/7.

[Andrewsir]

Online business and traditional business are based on same fundamentals that are earn profit as more as with legal ethics of business society. there is major difference between traditional and online business is that In online business no need to contact customers directly. It is fast way to get connected with customers through emails, social networks. etc.

[Pavan123]

The online business is very quick for attracting large number of customers. In case of tradition business, one should do more physical work as well as mental work to attract the large number of customers. noelagnote said rightly that no need to put investment for online business and in case of traditional business one have to work for full time. The more you put efforts and more you can earn in online.There will be always ups and down in traditional business.In case of online business, the social networking plays an important role.