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Why Small Businesses Need A Website - Online Essays

Why Small Businesses Need A Website

Task 1 - Proposed Research Question and Analysis: Is a Small Business Website the Route to Profitability Today?

What opportunities exist for the small business in a globalized marketplace? The traditional boundaries are changing between countries, between continents, and across cultures. Technology, telecommunications, and transportation have changed the world in fundamental ways. Today, products can arrive across oceans and continents within hours. Information takes seconds to be downloaded uploaded, and accessed throughout the world. This paper examines how an inexpensive website can help a small business survive and participate in this changing global marketplace. A review of ...

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(ASBDC, 2003). These small businesses employ 53 percent of the private work force and contributes over half of the nation's private gross domestic product (Burke, 1996).
While the U.S. government and private resources are available to help small business owners grow their companies and compete with larger firms in an industry, some types of companies are better suited for a small business configuration than others. Complicating the picture for the small business owner is the explosion in e-commerce and online marketing tools available today; however, many small business owners continue to attempt to market their business without the assistance of a web site. Some of the advantages to e-commerce include: 1) lower transaction costs; 2) larger purchases per transaction; 3) integration into the business cycle; and 4) customers can shop in different ways (Brain, 2003).
A web site allows small business owners to create completely new business models. In a traditional mail ...

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markets; 3) filling a market niche in a foreign market; and 4) creating a new and unique market niche in a foreign market (Stanat & West, 1999).
According to Liraz (2002), small business owners are in an excellent position to take advantage of niche opportunities in the marketplace; Levinson (1990) agrees and adds that unless a small business has absolutely no competition now and "never will have any," it would be well advised to select a niche that differentiates the business from all competitors (p. 22). Once an appropriate product or service has been identified, the next step in growing a small business is selling it at a profit.
The cost-benefit ratio of getting a Web site is ...

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PAPER DETAILS
Added: 6/14/2016 07:32:26 AM
Category: Business
Type: Premium Paper
Words: 1649
Pages: 6

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