| |
Other Conventional Businesses |
Internet Based Businesses |
| 1 |
Capital of $100,000 onwards. |
Ranged from zero to few
hundred dollars. |
| 2 |
S$50,000 or more capital for
inventories. |
None. |
| 3 |
Cash flow problems and financial risk. |
None. |
| 4 |
Lots of paperwork. |
None. |
| 5 |
Employees problems. |
None. |
| 6 |
Suppliers' problems. |
None. |
| 7 |
Employees' salaries: $10,000
or more. |
None. |
| 8 |
Office/Shop rentals,
maintenance and insurance: $3,000
or more. |
None. |
| 9 |
Advertising & promotion: $
2,000 or more. |
Minimal - cost of name
cards. |
| 10 |
Special business skills. |
FREE on-line training
provided. |
| 11 |
Lots of competitions. |
None - nothing comes close
to UBIFone and Travel Reaction. |
| 12 |
Limited by physical
presence. |
Global reach of the
Internet. |
| 13 |
Weeks or even months to
launch business. |
Just 5 minutes with online
registration. |
| 14 |
Difficult to expand
overseas. |
FREE web sites do
this for you. |
| 15 |
Work long and fixed working hours. |
Anytime - as and when you
feel like working. |
| 16 |
Commute to work at fixed location. |
Anywhere - work from homes,
offices, clubs, planes, cruises etc. |
| 17 |
Difficult to go away for
holidays. |
Easy to go on discounted
holidays with travel privileges and saves on international phone calls. |
| 18 |
Difficult to duplicate
and transfer business. |
Easy to duplicate and
transfer business. |
| 19 |
Business stopped - income
stopped. |
Worked once - get paid over
and over again. |
| 20 |
Little time for yourself and
your family. |
More quality time for yourself and
your family. |