Why businesses trade on the Internet

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.

You should also read:

The impact of globalisation on Northern Ireland

​How globalisation has affected changing employment patterns in Northern Ireland

The impact of the growth of new technologies on employment in Northern Ireland