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Small Businesses and the Internet

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The use and benefits of the Internet are not limited to multinationals that are Fortune 500 companies. How can small businesses that are going international benefit from the Internet?
What do you think the small business model is?

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Solution Summary

This is 390-word response discussing the benefits of the Internet to small businesses. It also points out a simple business model for small businesses in venturing online presence.

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With Internet connectivity small business can compete with big businesses because, in the words of Cohen (2013), "on the Internet, nobody knows you're a small business". Just like big businesses dealing with business online, small business can also reach any market anywhere in the world.

Cohen (2013) also added that "only 30% to 50% of traditional local businesses in developing markets survive after their first year, but when they have access to technology-enabled commerce, that number rises to between 60% to 80%".

Burns-Millyard (2014) also said that the Internet is a powerful tool that can make your business more productive and profitable in terms of:
a.) Reduced Mailing Expenses. The Internet makes it easy to stay in contact with your customers ...

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