Traditional vs Online Business. Advantages and Disadvantages

Well, firstly as far as running any business goes, whether is be a traditional business or an online business,  it takes dedication, perseverence, focus and a strong ‘Why’…. a purpose.

entrepreneur
entrepreneur

Why do you want to be in business anyway. What is your purpose. If it is just money, you have already lost. You will never be successful. You will fail. This is the reason why around 90% of business fail because their only focus is making the big bucks. Banks sell money but their focus is value products. This is why most clever banks are worth a squillion. The dumb banks are bailed out by dumb governments. Who pays for their mistakes I wonder…??? Hmmmmm??

Anyway, your focus must always be value. Let the big bucks take care of themselves. They will flow to you if you create value. Simple. Don’t get me wrong, in business the dollars are like oxygen and you realise how important it is when there is not enough. But focusing all of your attention on making the money will take your attention away from the most important thing, and that is value.

Now, back to the subject of traditional business vs online business.

I’ll list the advantages and disadvantages from my opinion and then you can make up your own mind which one suits you.

Traditional Business ie a bricks and mortar store. One that sells stuff when your doors are open. People come in to your store and buy stuff.

An Online Business is where your entire business is basically virtual (if that is the right word) You can’t physically hold it but it exists.

Advantages of a Traditional.

  • You have an asset if you are buying or own the premises.
  • You have free traffic if you are in a shopping mall next to a major retailer
  • You interact face to face with people/customers

Disadvantages of a Traditional Business

  • Staff
  • Rosters
  • Having to be there
  • Insurances
  • Holiday pay for staff (paying them when they are not there)
  • stocktakes
  • the commute every day
  • hidden taxes and expenses
  • upkeep of the store
  • massive rent if near a major retailer
  • security
  • theft (yes, people do steal things)
  • deliveries at odd hours
  • and there is about 100 more…..

Advantages of an Online Business

  • No staff
  • No rosters
  • Not having to be anywhere in particular
  • Minimal insurances
  • No holiday pay
  • No stocktakes or stock
  • No commute
  • No hidden taxes or expenses
  • No store to upkeep
  • No rent
  • No security needed
  • No theft
  • No deliveries
  • Leverage
  • Not selling my time for money
  • Residual income
  • Choice of where I do business. Can be anywhere in the world that has a phone signal
  • More free time
  • Not getting out of my pyjamas if I don’t want to
  • Not getting dressed up in a penguin suit (corporate)
  • And about 100 more…

Disadvantages of an Online Business

  • um
  • well…
  • I got nuttin’

In a nutshell you may see that I have seen the light when it comes to business based on my decades of experience.

Colin Greig Here:   At the time I wrote this I am 61 going on 31.

Online is the future but traditional is necessary for the moment but fading very fast. The strong will survive but the change is brought about by the masses demands. The ease of online is obvious.

Simple effective and profitable due to the lack of necessary expense.

My choice is Online Business beats Traditional hands down.

p.s. Go to our site and inquire about our Lifestyle Business

Is this the ideal online business for travellers?

YES!

We strongly believe so.

An ideal business for travellers.

Hey, Chrissy and Col here

chrissy and col online business entrepreneurs
Working really really hard…
chrissy and col online business entrepreneurs
Working harder… tee hee

We’re talking about an online business for travellers. The olden days are gone as of yesterday. Thank heavens for that.

Traditional businesses, or as we say buying a very expensive job, their days are numbered. They are a necessary part of society but more traditional businesses are going broke than ever.

The internet is here to stay, and what a fabulous tool it is. Awesome. We are in the information age not the industrial age, so it makes sense to hop on the bus. (but we still need people to fix them of course. Don’t get me wrong, I spent 30 years on the tools because I loved it, But I’m now getting a 10x result without crap in my eyes)…. Col.

We can work our business from anywhere in the world. We travel on roadtrips, by air or sea to other places in the world, all the while our business never skips a beat.

This is the sort of freedom that just was not around 20 years ago. It’s absolutely BRILLIANT. To make better than our previous yearly income per month by working smarter not harder is something everyone shoud look in to. All it takes is just one decision to completely change your life.

chrissy and col online entrepreneurs

Lifestyle is now so so easy to change only if you have the guts to make it change. Change is necessary for progress. Change is frowned on by some and they will always be left behind. Embrace the future, the past is gone.

Online is the future and an online business in a $60bil industry with over 20 years experience is really a no brainer.

Go to our site chrissyandcol.com and inquire if you want to, this business is not for everyone but we’re her to stay and have lots of fun.

I love the saying “money doesn’t make you happy but I’d rather be rich and unhappy than poor and unhappy”.  Or the other one, “money doesn’t make me happy but it’s what I can do with it that does”.

It is everyones right to be abundant, it’s natures way. You would not tell a tree not to grow you would be told to get lost.