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Yes the internet can be a company killer, especially those companies those companies which exist in only one location. The internet kills traditional businesses simply because on the internet companies can sell items to anyone anywhere, and at a lower price.
Here are a few main reasons why internet companies killed traditional companies:
1. Stores are always open online.
2. Easy to price compare.
3. Usually don’t need to pay sale taxes.
4. Shipping prices are often free.
5. Wider selection of goods and services.
6. Internet stores are located everyone and to everyone.
7. Fewer sales people needed, and no cashiers needed.
Which Companies will Survive internet competition?
Any store which has goods that you need right away like food, alcohol, gas, basic necessities that you need now.
Show rooms that are able to show off products before you buy them. Stores like the apple store or the dell store feature show rooms which allow consumers to try before they buy. Just like you’d test drive a car before you buy it, consumers would also like to test try computers, clothes, and even television sets.
Until holographic technology becomes more readily available or virtual solutions, expect show rooms to serve a purpose.
Which Businesses Can the Internet Kill?
Anything in which people can afford to wait a week to get such as clothes, music stores, video rental stores, electronic stores, book stores, basically any store that sells luxury type items, stuff you don’t need right away.
The Solution to your Business Being Killed?
Rather than fearing technology or trying to fight it, try to embrace it and see what it can do for your business. Technology is about improvements. Those that get hurt are the ones that aren’t ready to adapt and change.
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