The Internet and Self Employment - Increase of Business Owners because Essay

The Internet and Self Employment - Increase of Business Owners because of the Internet - Essay Example Internet is a technology, which is used by the companies to operate their business online. Without internet facility, it is impossible to reach international markets and introduce products to the international customers. At present, internet has become one of the extensively used technologies, which has made many business reach success in a very short span of time. Facebook, Twitter, and Groupon are some of the major examples of successful online firms (Beer, 2011). E-businesses are based on ideas. An e-business is successful if the idea behind that business makes people save their money (Quittner, 2009). How Well Does Internet Increase The Progress Of Businesses Online? Internet makes small businesses more profitable and efficient as compared to the small conventional style businesses. A company working in the ebusiness environment makes use of website to make people aware of the products and services offered by the company. A good website is very important for the success of an onl ine company because it is the main source of communication between the company and the customers. A website not only helps a company gain exposure in international markets but also attracts a large number of customers towards the products and services of the company. ... ot get much exposure to the outside world which results in decreased levels of productivity whereas online businesses operate in different parts of the world by making use of internet technologies resulting in many benefits, such as, attracting more customers towards the products and services of the company and increasing productivity and profitability of the company. In today’s world, a company can never gain competitive edge over its competitors with low levels of productivity and market share. Efficiency and productivity are the keys towards customer satisfaction and achievement of competitive advantage. Online businesses hold a large number of customers and market opportunities as compared to conventional businesses, which increase their chances of achieving competitive advantage in the markets where they operate their businesses. Exposure to multiple markets is one of main features of online businesses. Today, the world has become a global village where customers are very much comfortable with the use of internet and they can search for their desired products online instead of going to supermarkets physically. Another thing is that the customers look for their desired features in the products, which they look for. If they do not get their desired products from one company, they search for other companies online in order to find their desired products, which results in increasing the business of those companies, which have online presence. Therefore, we can say that online presence of a company results in increasing the productivity of the company. Increase in productivity is not only related to the number of customers of a company but also to the number of markets in which a company operates its businesses. Online companies can reach the customers more