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Why businesses trade on the Internet

Updated: Mar 3, 2020

There are many benefits to a business trading on the internet. These benefits are as follows:

  • the business will be open 24 hours a day, 7 days a week, which may result in an increase in sales for the business.

  • An increase in the sales of a business will ultimately lead to an increase in profits for the business which will provide extra finance for the business owners.

  • Businesses may save money by trading on the Internet as they do not have to pay large overheads if they have no showrooms or premises.

  • Businesses may become better known worldwide which could lead to an increase in productivity and sales because more people across the globe know about them.

  • By trading on the internet, businesses are saving and so products being sold could be at lower prices which could attract more customers.

  • By trading on the internet, less staff are needed as the trading is now automated and this will save money for the business because there are less wages to pay.

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