Disadvantages of Online Business You Have to Handle

Overcome Online Business Disadvantages in this Way

     Billions of people use the internet today, and many of them love shopping online.

Statistics show that by 2022, global e-retail sales are forecast to reach $5.5 trillion.

In addition, 20.3% of all retail transactions worldwide are expected to be conducted online by 2022. In other words, this year, more than $0.22 of every $1 spent on products will be made online.

Global retail e-commerce sales are forecast to reach $7.3 trillion by 2025, with e-commerce accounting for 23.6% of all retail sales.

The growth of online business is now increasing along with the development of economic digitalization.

Online business is considered more profitable and easy to do without needing to rent or buy a place.

However, apart from the various conveniences and advantages, online business also has many disadvantages. Indeed, at first glance, these shortcomings seem trivial. But if you leave it like that, it can have an impact on the progress of your online business.

Before starting to do business online, it's a good idea to study the drawbacks first to anticipate problems that might occur in the future.

Here are some of the disadvantages of online business:

It Works Only by Relying on an Internet Connection

Working only with an internet connection can be an advantage as well as a disadvantage for an online business.

Under certain conditions, such as a power failure or heavy rain, the internet connection may be hampered.

These problems can disrupt the productivity of your business, especially if orders are piling up.

Shipping Fee

Shipping costs when purchasing items are usually borne by the buyer. The range of shipping costs depends on the size, weight and distance of delivery.

The larger and heavier the item sent, the greater the shipping fee. Moreover, if the delivery is made to a different island or country, of course, the shipping costs will also be greater.

In fact, sometimes shipping costs can be more expensive than the price of the goods. This is what makes the buyer hesitate to buy the item.

Long Delivery Time, Sometimes it doesn't Reach the Buyer

It's no big secret that buying stuff online takes longer. In addition, many cases have occurred where the ordered goods do not reach the hands of the buyer.

Usually this happens because the goods are hampered on the expedition, sent wrongly to another place, or lost on the expedition. If that's the case, get ready for you to get various complaints from buyers.

Damaged Goods due to Expeditions

One of the cases that often occurs in online business is goods that customers receive damaged while in transit, such as: broken, dented, torn, spilled, etc.

These conditions will make buyers file complaints against you, even giving your store a bad review.

Higher Level of Competition

The convenience provided by an online business makes more and more people run this business.

You will be faced with many competitors selling similar products to you.

The way to anticipate this is to continue to develop innovation and creation in your business in order to attract customers.

Maintain the quality of your product, and be open to new things that are currently developing in society.

Beware of Fraud!

Online shopping payment systems that require buyers to pay in advance so that goods can be processed and then sent can sometimes be detrimental to sellers and buyers alike.

Many sellers are deceived by fake proof of payment. In addition, many buyers are deceived because after making payments, the seller disappears without a trace.

SEO (Search Engine Optimization) Strategies

Many online businesses do not develop proper and appropriate SEO strategies. In fact, having SEO settings will increase traffic to your site, so the chances of getting customers will be even greater.

Summary

Whatever the business, whether it's online or offline, don't let these deficiencies stop you from moving forward. All businesses and jobs definitely have their own advantages and disadvantages. Make these shortcomings or weaknesses a challenge that can continue to motivate you to succeed in doing business.

E-commerce has great potential when it comes to profitable commercial options. First, online stores do not require the number of employees like a regular store. Plus, ecommerce platforms simplify the process of starting a business online.

If you are thinking about selling products online, you must weigh all the benefits and drawbacks of e-commerce. Armed with this knowledge, you will be able to make informed choices, and efficiently implement your business strategy.