Owner of a successful Ecommerce company named ‘Blue Cascade’, Salman shares some useful insights on the online business.
Running an online business looks seemingly easy from a distance but it requires its own set of skills. The basics though are same as running a brick-and-mortar business but there is much more to it and one has to be clear of its advantages and disadvantages before taking a plunge into it. Salman Altaf who has been in the Ecommerce business since long explains the workings of online business. He says, “online sales are expected to reach a whopping $4.5 trillion by 2021 according to experts, and that’s huge. The growing number of businesses entering the digital arena are enough proof of the fact that this business works for sure and there are many reasons for that. On the flip side, many ventures fall flat on their face and are unable to survive for long. To cut it short, there’s a humongous gap between success and failure, and these need to be addressed to have a clear picture on the online business.”
Many online ventures are unable to figure out this difference and fail miserably. To survive in this cut throat competitive industry, one must understand how to push the business to glory by drawing a clear line between what works well and what does not. One of the biggest advantages of running an online business is that it has low overhead costs and one does not have to invest heavily in a storefront which burns a hole in the pockets. Physical businesses have loads of overhead costs which can eat up your profit margins to a great extent. The second biggest advantage of having a online store is a wider reach which does not have any geographical limitations. Unlike a physical store you can reach your customer located in any part of the world. On the flip side an online store lacks the kind of credibility that a physical store enjoys and this works as one of the biggest disadvantages of having a online business. Why? Because a traditional brick and mortar store has invested time and money in building up his storefront and is accessible to the end user whereas the criteria to open a online store is almost nil and they are also not taken up as legitimate as physical stores. The lack of face to face interaction which are replaced by customer service phone numbers, emails and chats also don’t go down with customers who trust more on over the counter interactions, and this perhaps is one of the biggest disadvantages that go against an online business.
There are many pros and cons in every business that you take up but it’s up to you how to scale it to growth by applying proper methods which work in favour of the business, concludes Salman.
OMAX develops a complete ecosystem with its Dapps and E-commerce utility.
Omax launches mainnet on 19th August 2022.
Omax coin project is working on chain solutions for dapps with evm compatibility. In order to to make it easy to launch dapps and project on the Omax chain lot of features are being introduced.
The global ecommerce market is expected to total $5.55 trillion in 2022. The project aims to get a slice of the pie with e-commerce payment utility solutions as its main aim.
OMAX COIN has chosen to be compatible with the existing EVM protocols in order to take benefit of the rather developed apps and community,
The consensus quorum gives holders and developers a sustainable ecosystem to focus on building their dapps.
Omax Coin is gearing to have its own bridge and swap, exchange etc. As the Omax ecosystem develops further and with additional features added the future for Omax looks bright.
New releases webseries news on Apsters Media-29/06/2022
Meet General Secretary of Akhil Bhartiya Jat Mahasabha, Vijay Malik
You cannot become a good political and social worker if you are not determining, visionary, smart and professional. Today we will talk about a Rohtak based icon who is making his mark at a very young age none other than “Vijay Malik”
Aspirations begin by a dream that you see with open eyes, Success need not only be in the commercial or industrial sector, one such epitome is Mr. Vijay Malik who has a very unique fantasy.
When on dream, They usually fantasize of a job in corporate sector or becoming an IAS/IPS officer, but Mr Malik the epitome keeps a wide mind in doing social activity and he nurtures this fantasy. This 30 year political and social leader is blessed with both luck and talent of which he has made a valuable use.
Vijay says “I believe in putting 100% hard work and living without any regrets. And if you have worked enough, the results are always fruitful.”
Vijay Malik was born on 20th August 1991 in Bhainswal Kalan, Sonipat and bought up in Rohtak, He belongs to a very reputed family of Malik’s. Vijay Malik was into Construction line before entering in the political world.
Vijay Malik is focused right from an early age. He knows what to do in life, He has set his standard very high for life which is surely going to give him some fantastic results in upcoming years. He is not a guy who will be stopped at any hurdle in his life as he believes in bringing a fresh approach to his life.
You can follow Mr Malik on his Instagran handle by clicking on the link given below :
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