Business on Internet

Business on Internet

SWOT Analysis

The SWOT analysis will let you know if an idea is viable or not online and will also make you aware of how to position against the market without feeling the uncertainty of rookie entrepreneur, with these observations, simple but highly effective, you can identify their more differentiating and profitable to increase, however, those weak links in your idea, you have reflected in their weaknesses and threats, will be useful when establishing practical strategies based on their strengths and opportunities. You can apply the SWOT analysis in your online business whenever you want, but recommended when your business is still an idea in this way have the advantage of knowing how viable is an idea to take to the field of Internet business without having established guidelines to address the major commercial project without fail to the chosen market niche and its peculiarities (Rosenbloom, 2003). Strengths: 

In this description shall identify those strengths with which they will have your online business. It can be varied, from the quick attention to his own experience. Basically, when it comes to original, different and applies your idea with respect to existing ones (Cooper, 1994). Make sure your idea is sufficiently creative, innovative, committed to ethically sound quality and then to contrast it with other points of analysis. other strengths of internet business could be:

Capacity for technological innovation

Customer focus

Reputation

Managerial capacity

Huge database

Effect of experience

First mover advantage

High product variability

Decreased cost as little stock, storage

Opportunities: 

The basic questions of this description are: What opportunities for success with this idea? Where? Is there a market? To answer these questions must be addressed to the idea of ??your business from all possible perspectives. To achieve that will clarify and provide opportunities to the chosen niche. For example, a web-themed set, it would be interesting to identify the most active and current demand that exists about a particular type of product or service in a particular place, but could also focus on opportunities to business to take your idea especially in a market that has not been satisfied, among other things (Fink, 2000). Some of the prospective opportunities are as follows:

Development of internet

Security and new payment

New media

Easy access to internet

Opportunity to expand into other sectors

Reduced cost for customers

Weaknesses: 

The weaknesses of your idea should be analyzed to finally can be transformed into strengths. You need to make an observation and objective criticism of your idea without neglecting the reality (and misfortunes) that may have their initiative (Davis, 2003). An online business comprises of many weakness some highlighted ones are given below:

Slow decision

Network failure

Difficult work environment

Too many customers and dependence on customers

Total control impossible (fraud)

Income variability

Threats: 

The first commercial threat facing your new business idea, you're probably related to the existing market and demand for that product or service you are planning to take the web with your idea. Remember that the competition will be a big threat if he can not deal with it properly and making a difference with his idea to settle quickly. Seriously analyze this point it is one of the most important (Kowtha, ...