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Noru Razak

What Is E-Business? How Does It Help Entrepreneurs?

What Is E-Business? How Does It Help Entrepreneurs?

          In this era of globalization, online business is no stranger in our world, because technology that is growing over time greatly improves our society’s knowledge in technology. Because of that, the country’s economy has also increased drastically and is able to produce a society that is IT and internet literate. Before that, was it an online business? Online business or electronic commerce refers to business or commerce that uses communication and information technology equipment and infrastructure as a medium for communication and transaction purposes. Simply put, e-commerce is simply the process of buying and selling products through electronic means such as mobile applications and the Internet. E-commerce has grown in popularity over the past few decades. Due to this growing technology, it has also replaced the traditional way of payment and purchase. Furthermore, due to the contagion of COVID-19 that has hit our country, many sales are done online to reduce the number of people gathering in large numbers and more. However, we should help the entrepreneurs out there to explore and venture into the internet to further expand their business online. This is because the community makes more purchases on the internet because it does not bother them to leave the house and only make payments online. Therefore, traders should keep up with the times to do business online. But how? Let’s see how e-business helps entrepreneurs in business.

          There are many ways that help e-business entrepreneurs to grow their business, one of which is doing business online. This matter has gone viral in our country because there are many applications that give entrepreneurs the opportunity to make sales online. Examples are Shopee, TikTok, Instagram, Telegram and many more apps. But these are 4 applications that are becoming more and more contagious and have become the target of young traders to promote goods online. Is there evidence that this application helps entrepreneurs in selling online? The answer is yes. Applications such as Shopee and TikTok help entrepreneurs a lot in their business because these applications have been drastically spread in recent times and have been growing since the spread of COVID-19. This is because, Shopee and TikTok help entrepreneurs introduce their products by promoting them in livestream or live broadcasting. This activity is very effective because the merchant can show his followers on the live stream more clearly what the product looks like, the size of the item and more. Livestream is also very helpful for merchants to promote their products so that they can be sold more easily than just displaying their products in their stores or online catalogs. Compared to the Lazada application. Lazada has a similar concept and function which is a platform that gives sellers the opportunity to sell there by creating a sales account and displaying the products they want to sell but the downside is that Lazada does not have a platform to sell in livestream, so because of that Lazada becomes less attractive. In addition, Shopee also has more advertisements and is displayed everywhere. Compared to lazada, they have less ads so because of that people know more about Shopee than Lazada. Telegram, on the other hand, is a platform for merchants to display pictures of their products and product links so that customers can easily find them without looking for them. This alternative is often used by teenagers who have a large social media following. When they have fans and followers, surely their followers want a list of items they wear, for example clothes, food, accessories and so on. So they will create a telegram channel to promote the item in that channel. So with these various facilities, the entrepreneurs should use them well in order to be able to keep up with the times and the business will also be more profitable and grow.

          Moreover, how e-business can help entrepreneurs is by reducing their costs in doing business. When we hear the word entrepreneur, it is already ticked in our mind that they will make sure that they will reduce the cost of production and increase the profit in sales. So with online sales, they can reduce one cost which is the cost of renting a building or business site. As always, sellers will certainly sell their products in various ways including selling at kiosks or stores. In addition, the price of shop rent is also increasing day by day even though their daily sales are not that much so they have to pay very high shop rent. So with this online sales facility, entrepreneurs don’t have to worry about the problem  Entrepreneurs can still sell by keeping a stock of products at home without having to bother finding a cheap store kiosk and they can sell online only. This to some extent can help in reducing the cost of paying their shop rent. In addition, it can save time and energy. Traders do not need to constantly commute from the place of business to home. With the availability of this e-business facility, entrepreneurs do not need to waste energy by taking stock of goods to be sent to the store, preparing the place of business before being able to sell to customers and many more. This can also save money on car fuel because the seller does not have to go to the store and sell face to face. In addition, children also do not need to be sent to babysitters when we sell indoors. The children can stay at home and be in our care and they can also spend more time with us even though they are still working. There are various advantages that we get when selling online and also many costs that we can reduce compared to selling face to face. In addition to profit, we can also spend time with family, home cleaning can also be completed and many business costs can be minimized for future savings.

          Among other things, how e-business can help entrepreneurs is to improve their knowledge about technology and IT. We have been told that new technology and IT is an innovation that no longer exists in the past. The age in the 90’s has never been used to this matter, however, times are changing and have advanced, so all society should be informed and not only look with one eye on technology and IT applications in today’s age. So with this initiative, entrepreneurs should explore the world of IT in a variety of technologies such as applications to promote their products, how people’s ways and interests are today and much more. Among the examples of new ways of doing business is to make a sale via live broadcast or livestream on Tiktok or Shopee, using the latest delivery couriers such as Lalamove, JNT, and Poslaju. For food delivery, entrepreneurs can explore using GrabFood, FoodPanda, ShopeeFood and more. Entrepreneurs can add a lot of knowledge by using various online sales facilities and at the same time can make a lot of profit. Futhermore, to increase knowledge about IT, sellers can also invest some money to attend classes that teach about the latest technology. I’m sure nowadays, it’s not wrong to invest a little money because with the knowledge that entrepreneurs will be able to change the way they do business to be more effective and able to do more productivity. Even if you have to invest money at the moment, but with the knowledge that the seller gets when taking the class, he can get more returns. We can also make examples from companies that have succeeded now to be used as idols and references to improve the quality of business. An example is Siti Khadijah’s company. Siti Khadijah’s company has done a wise business by making a vending machine that sells crooked or telekung for Muslim women in R&R areas in Malaysia. With this facility, Muslim women can buy the crooked to wear during prayer or to give gifts to loved ones. With this facility, women do not have to worry about looking for beautiful and comfortable crooked at a distant Siti Khadijah branch, in fact they can only find it sold in the vending machine in the R&R area. With the knowledge of technology, they can afford to create amazing and thoughtful ideas that are able to further increase their sales. From this example, entrepreneurs should be smart in managing the business and take various opportunities to continue growing the business into the future.

          Finally, being able to expand the market globally is also one of the advantages when we use e-business. When we explore the world of IT and business online, it is sure to be able to expand our business globally because its wide capacity is able to promote our products all over the world. Unlimited access to the Internet has made the process of globalization of the world society faster. It can be spread abroad and can make our country the richest in imported and exported goods. As a result, e-commerce has become a major contributor in the world business industry in general. The series of scenarios, local entrepreneurs need to raise the level of their business to be in line with the ranks of entrepreneurs around the world to break into the global market. So, with these opportunities and facilities, sellers should strive and advance in the market so as not to be left behind and in line with well-known businesses. In addition, to further increase business productivity to continue to move forward more advanced, sellers should also always be aware of the latest information on new and more effective ways of doing business in order to keep up with current trends. An example is using new technology such as advanced electronic equipment, fast internet capacity and good communication products. It is because, productivity can also be improved because some work cannot be done by using human power, even sellers can also use sophisticated equipment to complete it. Let’s not go so far as to neglect jobs for manpower as well because we also need to protect workers to give them work and not expect only sophisticated electronic equipment. With this goodness, we can not only increase sales in the business, but we can also help many employees to improve their purchasing power and standard of living. 

          The conclusion, the various advantages we find as a result of online business for consumers and merchants. This technological facility has also opened up part-time business opportunities for people who need side income. The parties concerned should introduce
initiatives to help online traders to grow and prosper. In addition, the improvement of the telecommunication infrastructure in the country also helps the development and use of online technology in the country. In other words, the government should also play an important role to always help entrepreneurs regardless of financial terms, support and more. May every party and member of society be ready to manifest their thoughts in an effort to face the economic and business patterns in the new Millennium. Exactly as the saying goes, weight equals carrying, light equals carrying.

References

https://www.ipendidikan.my/kelebihan-perniagaan-secara-atas-talian.html

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