Facebook in Asia, Europe and North America Essay Example for Free

Facebook in Asia, Europe and North America EssayThe purpose of this report is to develop an insight active the growing use of the meshing and the number of concern opportunities that resulted from it. The report describes some online business opportunities along with the pros and cons of stepping into such businesses. This report leave al whizz later examine how Facebook has become a successful business enterprise and how it continues to develop in the competitive market of social networking.Introduction in that location are 389 million online substance abusers worldwide and most of them have home net connections. Figure-1 in the Appendix shows internet user ship by world regions. The figure shows that the major chunk of internet users is in Asia, Europe and North America. The user ship among women and senior citizens especially in the US is increasing. The youth in the US spends a major proportion of their income using the internet and spends numerous generation more th an adults do via the internet. contrastes have realized that at that place are many marketing opportunities that laughingstock be realized through the internet. It is predicted that the online advertising expenditure will exceed $106 billion in 2011. Search and Display advertisements will be the major type of internet advertisements and company spending in such advertisements is anticipate to grow by 50% till 2011.Online Business Opportunities Of TodayBelow are some types of online businesses opportunitiesAffiliate marketingAffiliate marketing is a commission of selling goods on the internet through affiliations or partnerships. The affiliate seller earns commissions for selling the other partys crops. The Amazon.com was the pioneer of the affiliate marketing concept(Holzner,2008). electronic network marketingNetwork Marketing is a direct marketing technique. The goods are generally promoted directly using word of mouth and references to consumers in return for compensations. P romoters shtup keep their own sales force and also earn part of the revenues the sales force brings to them.Niche marketingIt is not feasible to compete with larger and established businesses online or otherwise as these businesses have the necessary resources and expertise to drive out smaller competitors. Through niche internet marketing one can identify the areas ignored by these huge companies and cater to them effectively and efficiently. Hence this requires limiting the focus and target customers. Selling a specialty harvest or service is an example of niche marketing(Goldman,2008).BloggingOne can sell advertisements on blogs and make money as viewership increases. Topics such as love and relationships try more traffic.Selling private label rights productsIn such a business you have the authority to modify and sell a pre-existing product such as an online book. The seller even has the right to sell the product under his own brand name and keep all the profits earned. email marketingThis is a great way to promote goods and services using email. Sending personal emails to target customers regarding latest promotions, sending newsletters and carrying out promotions on terce party sites are some examples of email marketing.EBook WritingTalented writers can access sites such as elance.com to find customers .Bidding on subjects you are knowledgeable about is the best approach(Gillin,2008).Online Business AdvantagesFollowing are the advantages of starting a business online The capital and overhead costs are low as there is no need to acquire new assets. You have control over your life. Hence you are your own boss. Internet connection is easy to acquire. The speed of the internet is a bonus and not a requirement.Internet businesses are often private and do not require too much interaction with the outside world(Jag,2008). There is no need to commute to another location. There is no fixed timing. Work schedules are flexible. One can take a vacation or work p art time. Internet allows access to millions of people worldwide efficiently and effectively. The internet provides many promotional opportunities often for free. One can start many businesses at once. The internet business does not require good communication and sales skills. However one must be hard working and determined(Gerakines,2008).Online Business DisadvantagesComputer SkillsThe business owner must be computer literate order to work efficiently. This must be so regardless of the fact that he can hire experts to work for him.Privacy issuesEven though many good security mechanisms can be used to protect information online, there are still security issues especially with credit card transactions. Confidential information can be hacked and misused relatively easily.Intellectual Property Rights law enforcing bodies find it hard to impose copyright restrictions on online businesses as effectively as they can on other businesses. This is because internet is without boundaries. A bu siness stick out can easily be copied and regardless of its origin(Facebook,n.d.).WasteThe internet is accessible to everyone hence focusing communication to the right market is difficult and leads to wastage.DistractionsInterruptions from family, friends, pets, television etc can affect productivity( Veer,2008).MotivationInternet businesses require the owners to be self disciplined and self motivated. It is tempting to delay tasks as there is no accountability to anyone scarcely to oneself.BalanceJiggling family, friends and the online business can be even harder when one has a full time job or other online businesses.