Online and Offline business; Which is better?

[magnus2022]

A lot of people are coming to online business because you can do your business at your home. In fact, doing online business is everybody's dream. The benefit of online business is enormous as it's projects your business to the world and you are not bound to a specific location. You can have business transactions anytime and anywhere. There are online entrepreneurs that are making thousands of dollars monthly online without much stress!
I think the only advatage of offline business is that physical presence of the business and customers. Offline business involves physical prsence and huge capital.
In these two business model, which of them do you prefer?

 

[Kross]

I would advocate that people run both online and offline versions of their business. A typical business operating in my place can't really afford to run only online now because internet penetration is still quite low. And it can also not afford to run completely offline if it wants to attract younger people that prefer to order online. A hybrid model of online and offline model is acceptable for businesses now.

 

[Bawse]

I think it's easier to profit from an offline business, but online businesses can be more rewarding with less maintenance.

 

[Henry]

If you have a better structure, making money from an offline business in the long term can always be a possibility. This is different from what can happen when you are running an online business where consistency in making money might not always be possible.

 

[Kross]

No matter how we want to look at it, offline sales is far much more in volume than online sales. The option to run your business entirely online is not the best, unless you are selling digital products. A business that sells a physical product should have sales from the online and the offline space.

 

[uptrendfinancialsignal]

I’m for both worlds because I engage in both. I have an offline business where I earn more money and a stable income. I work online for little money. The only advantage with online ventures is that it has minimal operating expenses.