Pros and Cons of Running Your Own Online Business in 2020

Do you want to start an online business in 2020? Here are the pros and cons of running your own online business. In setting up an online business, the owner will need to go through the same ways as a traditional business, in making a business plan, by creating a mission statement and through handling other executive matters.

Advantages of running your own online business are included low startup cost, easy access, and flexibility to work.

Some disadvantages of running your own online business are included: low conversion rates, security issue and fraud, and huge competition .

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