Question

Answers the question what are some of the issues to consider in determining whether the Internet would provide your business with a competitive advantage?

Answer 1

The internet undeniably gives excellent leverage in leading businesses to success since most of the marketing and promotion of the company operates here. It is why every business acquires it; making the competency level so high and standing out is like an "eye of a needle" that would be very hard to slip through to the top. Hence, in deciding how to use the potentials of the internet to your advantage, you need to consider the 3C's: Cost, connectivity, and Convenience.

Cost. In choosing the right internet services, you must ensure that your company can handle the cost it offers because it is pricey, and you must be vigilant in choosing a feature that can assist your business to attain its goal without straining your finances. Know that the internet must give you profit, not indebted you with so much cost.

Connectivity. You have to ensure that the internet can help you find prospective customers by using its algorithm. With the internet's vast audience, to attain success, you have to reach those niches of people that can guarantee the interest in your products and services, so you must make sure that the internet feature you get can achieve this. Doing this will help promote your business and gain popularity, making it noticeable in the market since many people will get interested.

Convenience. Lastly, the emergence of technology made us humans impatient and want things by just a finger snap. Thus, the company must adopt this reality to achieve its advantage, and by doing so is to make use of the internet specs meets the demand of the people with less hassle. Giving this convenience to the customers gives them a reason to come back again to the company. Hence, boost its loyal customers and even get new customers since those loyal customers will spread the word of how good your business is in meeting their demands conveniently, and then people will have an interest as to why many people are patronizing your company and end up gaining you more customers.