Benefits of an Online Business Presence

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BTEC First in Business                Unit 8: Business Online

Unit 8 – Business Online

Task 2 – Benefits of an Online Business Presence

In this task I am going to explain the developments in internet technology, describe the benefits of an online presence and give examples of businesses that enjoy these benefits and finally explain the advantages of to businesses of having an online presence rather than having a purely offline presence.

Broadband and other developments

Nowadays, broadband connections enable data to be transferred much faster than narrowband. The connection does not tie up a normal phone line. The user can choose get online by an ADSL connection, a cable line, wireless or via satellite dish. Also the internet is low cost and is increasing in speed which benefits the commerce online.

The new portable devices such as PDA offer the user easy internet access at any time. 80% of the UK can get broadband by ADSL and cable. Most of people use internet every day which enables a great share of data.

Secure payments

The increase of security enables the use of credit/debit card facilities. But the newspapers and magazine headlines about fraud and hackers quite obviously put people off. To be secured, all the online payments need to be private and confidential between the buyer and the seller, conveyed intact and without any changes during transmission and erased from the system after the process has been completed. The banks are increasing the security of the debit/credit cards of the user. To purchase an item online the user need to key in the password and the date of birth.

Secure Electronic Transaction (SET) is a standard protocol for securing credit card transactions over insecure networks, the Internet. SET is not itself a payment system, but rather a set of security protocols and formats that enables users to employ the existing credit card payment infrastructure on an open network in a secure fashion. When the cardholder buys online the credit card company authenticates the card via digital signature. This proves that the cardholder is genuine.

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Web authoring tools  

Nowadays there are a number of web authoring tools such as the Microsoft FrontPage program which enables the user to create a website without any specialist knowledge. There are other programs such as the Dreamweaver, Fireworks and Flash technology used to create the effects and designs in a website. Businesses can easily build their website, which enables them to create a service online.

Benefits of an online presence

A web business presence have global “round” visibility which means they never close and are available from any location in the world at 24 ...

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*** This is a sound analysis of the benefits of an online presence. However, it needs some more detailed case studies included. There are some examples of businesses with an online presence but it would be better to track how a business has grown in terms of profit, in a given time period, after the introduction of a website.