We will start with a few motivational quotes on online business by Jeff Bezos, the founder of Amazon:

1. “In the old world, you devoted 30% of your time to building a great service and 70% of your time to shouting about it. In the new world, that inverts.”
2. “The best customer service is if the customer doesn’t need to call you, doesn’t need to talk to you. It just works.”
3. “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.”
4. “If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.”
5. “Your brand is what other people say about you when you’re not in the room.”
6. “There are two kinds of companies: those that work to try to charge more and those that work to charge less. We will be the second.”
7. “What we need to do is always look into the future. We always need to be asking ourselves, ‘What’s going to happen next?’”

Please listen to the thought of  Bill Gates, the co-founder of Microsoft saying on  online business.

1.”The internet is becoming the town square for the global village of tomorrow.”

2.”If your business is not on the internet, then your business will be out of business.”

3.”The key for us, number one, has always been hiring very smart people.”

Steve Jobs, the co-founder of Apple Inc valuable perspectives on online business:

1. “Innovation distinguishes between a leader and a follower.”
2. “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work.”
3. “Quality is more important than quantity. One home run is much better than two doubles.”
4. “Innovation comes from saying no to a thousand things.”

There are several reasons why individuals and businesses choose to venture into online business. Here are some key needs and advantages of starting an online business:

1. Global Reach: Online businesses have the potential to reach a vast global audience, breaking geographical barriers and expanding market opportunities.
2. Cost Efficiency: Starting an online business typically requires lower upfront costs compared to brick-and-mortar establishments. There’s no need to invest in physical storefronts, and expenses like rent, utilities, and maintenance are reduced.
3. Flexibility and Convenience: Online businesses offer flexibility in terms of working hours and location. With the ability to operate remotely, entrepreneurs can manage their businesses from anywhere with an internet connection.
4. Increased Customer Reach: The Internet enables businesses to connect with customers worldwide, allowing for broader customer acquisition and potential growth.
5. 24/7 Availability: Online businesses can operate around the clock, providing customers with the convenience of accessing products or services at any time. This availability can lead to increased sales and customer satisfaction.
6. Data and Analytics: Online platforms provide valuable insights through data and analytics, allowing businesses to understand customer behavior, preferences, and trends. This data-driven approach can inform strategic decision-making and optimize marketing efforts.
7. Scalability: Online businesses often have the advantage of scalability. With fewer physical limitations, it’s easier to expand operations, accommodate increased demand, and introduce new products or services.
8. Niche Targeting: The internet allows businesses to target specific niche markets more effectively, tailoring their offerings to meet the unique needs and preferences of specific customer segments.
9. Competitive Advantage: Having a strong online presence can give businesses a competitive edge. Implementing effective digital marketing strategies, leveraging social media, and providing a seamless online experience can differentiate a business from its competitors.
10. Adaptation to Changing Consumer Behavior: As more consumers embrace online shopping and digital interactions, businesses that establish an online presence can better meet changing consumer preferences and behavior.                    Watch More About How to setup Online Business