Case 4 : STARTING AN ON-LINE BUSINESS - Essay Example

Summary

If I were to start an online business, the products which I will be interested in selling are apparel, accessories and footwear because these are among the top saleable products online and they do not require a huge capital investment. I also think that these products have a…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER92.6% of users find it useful

Read Text Preview

Subject: Business
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 2
Author: othakuvalis

Extract of sample "Case 4 : STARTING AN ON-LINE BUSINESS"

Case 4: Starting an On-line Business Case 4: Starting an On-line Business If you were to start an online business, what kind of products would you be interested in selling? What would you anticipate to be your biggest problem? If I were to start an online business, the products which I will be interested in selling are apparel, accessories and footwear because these are among the top saleable products online and they do not require a huge capital investment. I also think that these products have a very big market.

The biggest problem which I anticipate with an on-line business is security. Currently, cybercrime is on the rise so it is important that I install anti-virus and anti-spyware software to prevent such a problem. It is important that I secure my website. Other problems which I might encounter are designing the website to make it attractive and credible to online buyers. Collection of payments might be another hurdle which I should address.2. What do you see as the advantages of starting an online store versus a bricks and mortar store?

The major advantage of starting an online store versus a bricks and mortar store is that one will have less overhead in an online store. Furthermore, one will be able to reach a wider market online than in a bricks and mortar store. It is also more convenient for customers nowadays to transact through the net. 3. What are the advantages and disadvantages of starting an online business while you are still in school? One of the main advantages of starting an online business while still in school is that one can easily market the website through schoolmates and other university personnel.

In school, one is more exposed on the latest trends in the market, internet and the latest software available. Of course, another positive aspect of doing online business is the student earns extra income and does not have to rely on his parents for allowance. One can also attend to the business after school and during summer breaks. The major drawback in starting an online business while still in school is that one might have to miss class hours especially if there are numerous orders from customers which one has to take care of.

Aside from devoting time for one’s studies, a great measure of time will also be allotted doing business on the net.

Cite this document

APA
MLA
CHICAGO

(“Case 4 : STARTING AN ON-LINE BUSINESS Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Case 4 : STARTING AN ON-LINE BUSINESS Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1578508-case-4-starting-an-on-line-business

(Case 4 : STARTING AN ON-LINE BUSINESS Essay Example | Topics and Well Written Essays - 250 Words)
Case 4 : STARTING AN ON-LINE BUSINESS Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1578508-case-4-starting-an-on-line-business.

“Case 4 : STARTING AN ON-LINE BUSINESS Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1578508-case-4-starting-an-on-line-business.

Cited: 0 times

CHECK THESE SAMPLES OF Case 4 : STARTING AN ON-LINE BUSINESS

Thougt it Was Safer Than Starting His Own Business

First, the business belongs to practically the same industry where Fred was employed for a considerable length of time.... hellip; According to Franchise Direct (2012), franchising is “a form of marketing and distribution in which the franchisor grants to an individual or company (the franchisee) the right to run a business selling a product or providing a service under the franchisor's business format and identified by the franchisor's trade mark or brand” (Franchise Direct, 2012, par....

4 Pages (1000 words) Case Study

Mini-Case: Staffing Examples

The entity will not change its business focus.... Additionally, the firm will not grow or expand its business to new geographical areas.... The functions of these job categories are effectively achievable after the implementation of a workforce plan that will help the organization to identify and solve staffing problems and the implications of business strategies and plans.... Example 2 In the second case, XYZ pharmaceutical has received approval from the FDA to market a product that facilitates the monitoring of a patient's blood sugar levels....

3 Pages (750 words) Case Study

SWOT Analysis of Shellys Business

“Professional photography is a highly competitive market, but you can help yourself stand out in a crowded space by knowing your craft and gaining the right experience” (“Life through a Lens: How to Start a Successful Photography business”).... … Case Analysis Table of Contents Background 3 Situation Analysis 4 SWOT Analysis of Shelly's business 4 Analysis of Alternatives 5 Purchasing Shelly's business 6 Starting a business from scratch 7 Opening a franchise 8 Recommendations 9 Conclusion 9 Works cited 10 Name of student: Name of Professor: Course Number: Date of Paper: Case Analysis: Conrad's Photographer's Supplies Background “Professional photography is a highly competitive market, but you can help yourself stand out in a crowded space by knowing your craft and gaining the right experience” (“Life through a Lens: How to Start a Successful Photography business”)....

7 Pages (1750 words) Case Study

Managerial Functions on Starting a Sporting Goods Store

hellip; The author states that starting a business is a serious and rather a complex affair in the modern business environment where business enterprises are to comply with a number of legal and social criteria.... Moreover, materializing a plan of business irrespective of the size and nature requires the businessman to perform multitudinous activities.... Small business Notes)The planning function is fundamental to any serious and time-bound activity....

4 Pages (1000 words) Case Study

Engagement Without Passion: A Recipe for Failure

The biggest issue that this group seemed to face was that they were more excited about the idea of starting a business than the business they would actually start.... One of the biggest challenges is that entrepreneurs must spend vast amounts of time working on their project – Prof's Engagement Without Passion: A Recipe for Failure The biggest issue that this group seemed to face was that they were more excited about the idea of starting a business than the business they would actually start....

1 Pages (250 words) Case Study

Business Concept of Modells Sporting Goods

This study "business Concept of Modell's Sporting Goods" discusses quality, selection, value the Modell's sporting goods.... The study analyses a competing for business strategy-Vision Sporting Goods.... The study considers starting a new business presents certain benefits that may lack in other methods.... hellip; Modell's Sporting Goods is a family-owned business formed in 1889.... The business is committed to providing a convenient and convincing shopping experience for sportspersons and other people....

8 Pages (2000 words) Case Study

Starting and Developing a New Venture

Watson & Hogarth-Scott (1998) carried out a research on the reasons of failed innovations by small firms and discovered that poor or irrelevant personal background & experience of the owner, improper or inadequate motivations & objectives of the running the start-up, lack of growth orientation & objectives of business development and insufficient level of training are key factors that contribute to exit of the firm from the marketplace.... In this essay, the author presents the key factors of successfully starting & running a business and argues why this is not everyone's cup of tea....

8 Pages (2000 words) Case Study

Business Continuity Plan for Unity Fast Food Kiosk

… The paper "business Continuity Plan for Unity Fast Food Kiosk" is a good example of a case study on management.... nbsp;The success of a business not only does it depend on the capital base but also on many other unexpected factors (Healey & Palepu 2012).... Unity fast-food kiosk is a small medium-size business that wants to operate along the streets of London.... The paper "business Continuity Plan for Unity Fast Food Kiosk" is a good example of a case study on management....

8 Pages (2000 words) Case Study