Simply put, e-business is just business conducted over
the Internet. For this you need a website through which you
can sell your products, information, or services to your customers.
An e-business can be an extension of a regular business (i.e.
you already have a business and you setup a website for it
to increase your customer base) or it can be totally independant
of any physical location (commonly known as a dot-com company).
The concept of an e-Business is a blessing to the new generation
of entrepreneurial individuals. It offers a cheap and easy
way to start a business. Instead of investing tens of thousands
of dollars to open a store, they can spend less than a thousand
dollars to launch a website that is accessible to people around
The degree of success of an e-business depends on many factors
some of which are:
- Type of Business - it should be suitable for the
- Competition - naturally, the less the competition
- Customer Base - how many potential customers do
you have, and are they the kind that is willing to pay money
- Quality of the Website - you need an elegant and
friendly website that is hosted on fast and reliable servers
- Quality of the Service - the satisfied customer
will come again and spend more money
If developed properly, an e-business can be quite rewarding
to its owner. Whereas most e-businesses will not evolve into
multi-million dollar enterprises, they can provide a comfortable
living or at the least a handsome supplementary income. The
beauty of many websites is that they can be fully automated
and require little work on the part of the webmaster running
them. If used effectively, they can generate money for the
webmaster without much interferance.