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Pros and Cons of eBay | Advantage and Disadvantage of eBay

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Today, let’s take a look at the pros and cons of eBay.

Since its launch, eBay has become one of the most popular multinational e-commerce corporations for people who want to sell everything that may range from electronics to clothing. But, there is a huge difference among people who are selling a few spare items and people who are opening an official store on eBay. It is hence better to consider the pros and cons before deciding to open up an eBay store.

Pros of eBay

  1. Quick and Easy Set Up
    When it comes to building your own site, eBay tends to be relatively quick and easy. When you want to open an official store on eBay, you just have to sign up for an account and purchase a store subscription. After that, you can personalize your site and then add your products. Hence, there is no wastage of time or money.
  2. Different Selling Options Available
    Compared to other marketplace sites, eBay tends to offer multiple selling options i.e. auction and Buy It Now options for sellers. If you want, then you can sell your items by letting some items go at auctions or else you can sell them at a fixed price. Also, you can sell those items at a discounted price so that you don’t have a great loss afterward.
  3. Seller Protection
    eBay is a well-known site for user protection. It protects the buyers in case a seller doesn’t ship a product or there is any kind of fraud or misdirection. Also, it protects the seller from customers who don’t pay the money or files a case for Money Back Guarantee without any proof.
  4. Community Features
    eBay also offers community features like discussion boards and QnA forums to help the new user grow their shop and learn the tips and tricks of operating a successful eBay business from other successful sellers.

Also read: Pros and cons of credit card

Cons of eBay

  1. Marketplace Fees
    Even though eBay’s seller fees are actually relatively low, you still have to pay it. You need to pay the insertion fees when you list an item and total value fees once you sell those items. Also, you can pay optional fees if you want your item in the recommendation list or easier to find.
  2. Increase in Competition
    Though eBay doesn’t sell their own item, there are billions of other sellers on the platform with whom you have to compete. With quick and easy setup, you also can take advantage of the built-in shopper. However, you need to find ways to make your shop look better and attractive from other sellers.
  3. Bargaining Customers
    Since eBay became an auction site, there is an increase in customers bargaining. Though there are few people willing to pay the fixed price for rare collectibles, there are many people looking for the cheapest price possible.

These were the pros and cons of eBay. If you want to explore more useful information, suggest us the topics. We will write the pros and cons for you on that particular topic.

Pros and Cons of Franchising Your Business | Advantage and Disadvantage of Franchising Your Business

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Franchising is a suitable option for entrepreneurs who have already developed a successful business. It is very hard to decide whether franchising is good for your company. To decide that, first you should evaluate its benefits and disadvantages in the context of your operations. To know if franchising is suitable for your business expansion or not first you must understand the pros and cons of franchising your business.

Pros of Franchising a Business

  1. Find better talent

Franchising your business helps you to find talented people to manage your business and organizations. The franchisees are more motivated than the manager himself as they have invested their part of something in the business which ultimately means success of your business.

  1. Purchasing power

The additional turnover and profit of the business can provide access to better deals for better office equipment, vehicles, and other business purchases.
Pros and Cons of Franchising Your Business

  1. Easy expansion of business

Franchising can be the best option to obtain expansion capital. Since franchisees invest in your business and also, pay to buy outlets in your chain, you can build the number of branches without needing to request the financial loan from banks or also spend your own money.

  1. Easier management

There are fewer management demands as the franchisees run their own businesses. The franchisees are highly motivated and also have local expertise to guide others, making your life much easier.

  1. Ideas for future success

With franchising your business, the franchisees contribute fresh ideas for the future success of the brand that may not have come to your thought before.

Also read: Netflix pros and cons

 Cons of Franchising a Business

  1. Not a fix for a failing business

Franchising may not be a suitable option if your business is going on a loss. Franchising can be done with a successful business only.

  1. Innovation challenges

It’s difficult to innovative work with franchising than if you own your own outlets. When franchising your business, you need to negotiate with your franchisees to get them to accept the new product or whatever innovation for any idea you may come up with.

  1. Training and support

You need to deliver a suite of training and support for your franchisees to make them successfully sell your brand.  should be co franchisees should copy the systems and procedures of well-settled business to run a successful business.

  1. Costs

Franchising involves a good financial investment at the outset to get a successful franchise model for the future growth of the business. This includes investment in preparing legal documents, operations manuals, marketing materials, and recruitment.

So, these were the pros and cons of franchising your business that you need to consider. If you have further queries to clear your difficulties, let us help you. Do comment or contact us.

debit card pros and cons

Debit Card Pros and Cons

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Debit card is the plastic payment card offered by the bank which is used instead of cash when doing some purchases. It is different from credit card as it uses money directly from your account. As debit card deducts money from your own account, you need to consider the pros and cons of debit card before issuing them. Let’s take a look at the pros and cons of debit card.

Pros of Debit Cards

  1. Convenient

You no longer have to keep cash when you have a debit card. You can easily do you purchase by taking out the debit card. There is no need to count the cash or write a paper check. Unlike credit card, the payment you do with your debit card is the money from your bank account so there is no need of paying the bill in the respective bank.

  1. Cash-back

The debit card is more even more convenient as it allows you to take out cash from the ATM of respective bank. This mean that you can take out cash whenever there is an emergency or else you have to do cash payments when you’re out and about.
Debit card pros and cons

  1. No debt

You won’t be able to go into debt when using a debit card. The limit of spending money depends on the balance available in your bank account. You card automatically stops to work when you run out of money unless you sign up for optional overdraft protection.

  1. Easy to obtain

The application process for credit card is very lengthy and also you need to have a credit check to ensure you are eligible. However, in case of debit card, bank offers a debit card linked to the account. There is no need of filling application or going through any sort of preliminary check.

Also Read: Chase Bank Pros and Cons

Cons of Debit Card

  1. No reward points

In case of credit card, there are different reward schemes for its customers. You can earn points to spend on travel and other purchases. However, cards do offer their own set of incentives, such as various travel insurances or other benefits but do not offer any reward points.

  1. More risky

There is a high risk when disputing a charge on your debit card as the money is transacted from your account. When you want to dispute a charge if any item is damaged, may refund it happily however some may not return your money back. So, it is better to check store and product reviews online before making a purchase.

  1. No improvement in credit score

There is no credit score feature in debit card whereas you can build up a credit score using a credit card. It can be earned by paying credit card bills on time. A high credit score is important if you need to borrow money which can’t be using a debit card.

Hence, these are few of the pros and cons of debit card. Debit card is an easier alternative of carrying money. You can go shopping, buy online, pay on the go and many more just like credit card. It has very less hassle and works when you have money balance. Compare the debit card pros and cons and decide if you want one for yourself.

GoDaddy Pros and Cons

GoDaddy Pros and Cons

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GoDaddy is probably the best known domain registrar however, it is also largest web hosting provider whose services include web hosting, web security, online marketing, DIY website building tools, and professional email hosting. Though it is not a perfect choice for a user, the recent updates in GoDaddy’s web hosting plans has made their products and services worth consideration. Below are few pros and cons of GoDaddy that can help you to figure out if it is good for you or not.

Pros of GoDaddy

  1. Very affordable price

GoDaddy offers a number of discount very often, so for it is incredibly affordable for a customer to start and maintain a web presence. They offer the deal which allows the customer to register at only $0.99. Also, they offer many other coupons and discounts.

  1. GoDaddy supports different payment options

The payment that needs to be done when choosing GoDaddy as a hosting platform can be in any currency. A customer can use their current payment processors or any digital buttons from PayPal to do the payment.
GoDaddy Pros and Cons

  1. A solid reputation.

GoDaddy has earned a very strong reputation. It is famous provider of domain registration and web hosting services. Also, you can easily access your account by an easy-to-use dashboard and the customer service center if any problem occurs,

  1. Numerous bonuses available

GoDaddy offers numerous advertising credits for customers who create new accounts for domain registration. This bonuses includes $100 for Google AdWords, $50 for Bing or Facebook, and many other to increase traffic levels to your site.

Also Read: Amazon Prime Pros and Cons

Cons of GoDaddy

  1. Slow problem solving

GoDaddy is quick to install but if a problem occurs then to solve that, it may take up to 48 hour or long to receive a response to submit the trouble ticket. Also, the follow-up response takes more 48 hours and many weeks to solve that issue.

  1. Supports no live chat

Customers have a very less interaction with the customer service. To contact representatives, you must follow the ways which are not always convenient, which leads to user frustration more than anything.

  1. Restoration fees.

GoDaddy takes a restoration fee which is up to $300 whereas many companies do not take any fees. Thus, it increases a pressure on a person so that there are no mistakes in a site and it is exact the same as you want.

Hence, these are few of the pros and cons of GoDaddy. GoDaddy is a popular name in web hosting and domain registration. Be sure to follow up on the GoDaddy pros and cons if you plan on using its service.

Amazon Prime pros and cons

Amazon Prime Pros and Cons

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Amazon is the largest online retailer in the world today. Amazon Prime is the feature offered by Amazon that is similar to annual membership schemes. To know whether the Amazon membership is good advantageous or not, it is better to consider the pros and cons of Amazon Prime.

Pros of Amazon Prime

  1. 1-Day or same-day delivery

Amazon Prime Members can get free 1-day shipping or free same day shipping in certain cities. They need to order more than one million items which should be marked same day eligible and total order must be at least $35. Also, the shipping address must be in an eligible zip code.

  1. Membership sharing

You can share your Prime membership’s shipping benefits with up to four other people. The four people that are living in same address can only access your account without them getting access to your password. Or in other words, the membership can be shared with actual members of the same household.
Amazon Prime Pros and Cons

  1. Video streaming

As Prime Video is a top contender to both Netflix and Hulu, Amazon Prime Membership includes instant access to more than ten thousand and TV shows. It has the Amazon original series such as “Transparent” and “Mozart in the Jungle,” and many more. This feature can be accessed from home through your device such as computer, Fire TV, or other compatible devices.

  1. Music streaming

The Prime Music has un-limited ad-free music. Amazon Prime Membership allows free access to that library of over 1 million songs and albums. You also have the freedom to create your own playlist if you don’t like the Prime Playlists.

  1. Prime Photos

Being a Amazon Prime member, you can use the Amazon Cloud Drive to store all your photos, files, videos and whatever else you might want to store on there. All Amazon customers start with 5GB of free data storage in Amazon Cloud Drive.

  1. Lightning Deals

Amazon has an awesome deals program called Lightning Deals where there is discounted items that are only available for a certain amount of time. If you are thinking about buying something in a discounted price, Prime Day is the best day for it.

Also Read: Google Adsense Pros and Cons

Cons of Amazon Prime

  1. Extra shipping charge

Online purchasing is only good for people who prefer online shopping better than offline. But for people who rarely purchase online where they buy only one or two goods then, paying the shipping charge will not be a profitable.

  1. Unnecessary expenses

The more you see goods on the online store, the more stuff you want to buy. You will ultimately end up spending more money in unnecessary goods. Thus, it is good for shopaholics only.

Hence, these are few of the pros and cons of Amazon Prime. Being a prime member, you will get added benefits. But reading the Amazon prime pros and cons, decide for yourself if you really want to purchase the prime membership.

pros and cons of business management

Pros and Cons of Business Management

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Business management is one of the most satisfying aspects of life which gives a person sense of power and superiority to run his/her own business. Like any other job positions, business management too has its own pros and cons. Listed below are few pros and cons of Business Management:

Pros of Business Management

  1. Jackpot

You won’t end up making much money when you are working for someone else. But in case of Business Management you tend to make more money. It is very handy in monetary sense.

  1. Provide employment

By being a business manager, you can provide employment opportunities to other people and hire them. You can further be a life changer for some people and also contributes to the local economy.
pros and cons of business management

  1. Secure

Business managers are their own employers and therefore they are not scared of being fired by anyone. They can also work at any time of the day or night without being interfered by anyone.

  1. Independent

Being a business manager, you can be your own boss, and also, make all the crucial decisions without consulting for your own success.

  1. Interest

Business manager has an opportunity to work in a field that s/he really enjoys. This ultimately means that you can wake up without any hesitation of projects or work.

  1. Experience

You can increase your wealth of experience by learning from every aspect of a business and gain knowledge in a variety of disciplines.

Also Read: Pros and Cons of Business Intelligence

Cons of Business Management

  1. Financial Risk

Business Managers have to take a large financial risk to start their own business which is a high risk of failing.

  1. Learning

For business management, managers have to learn new disciplines, like filing and bookkeeping, inventory control, production planning, advertising and promotion, market research and general management.

  1. Difficult decisions

Business Manager may have difficult decisions to make, like firing someone or refusing to hire a friend that can sometimes affect your personal relationships with people.

  1. Inconsistency

You are not always sure about your income, there may be times where you have no income or very little is coming in at all.

  1. Loyal

For a beginner, it is likely have to work long hours and may only have few days of vacations or leave which may have negative effect on your health in the long run.

 

 

pros and cons of business intelligence

Pros and Cons of Business Intelligence

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Business Intelligence [BI] is an application which is used to analyze the raw data that a company produces. It provide a series of related activities, from data mining to querying and reporting, so that organizations can make better decisions from its results, and identify new opportunities. With the growing use of BI applications all over, both its pros and cons need to be considered. Some pros and cons of Business Intelligence are as below.

Pros of Business Intelligence

  1. Visualize data quickly.

The modern BI applications these days can help put big data into understandable graphics in short period of time. Instead of comparing and contrasting figures on a massive spreadsheet, entire executive teams can just look and graphical data that represents their Key Performance Indicators [KPIs] and other actionable information.

  1. Freely scalable.

In case you’re using BI software or applications, then there are many solutions available that can help you operate at a scale that is right for your organization. This includes pay-per-use options, subscription options, and other pay-as-you-go opportunities.
pros and cons of business intelligence

  1. Manage big data in real time.

You sometime may have to make big decision in short period of time. Thus, you need to be up to date about all the available information. The BI application has all the required information of the organization so that tactics or strategies can be changed immediately.

  1. Easy to track KPIs.

With business Intelligence, an organization can track how their Key Performance Indicators [KPIs] are being fulfilled properly. The different tools can help you look at the big data, develop useful metrics and also makes a company more effective at what it does.

  1. Can gather all information.

The modern business intelligence is now available in mobile platforms too. This means that now you can always have the information when you need it, whether you’re taking a long holiday weekend or break.

Also Read: Pros and cons of Business Degree

Cons of Business Intelligence

  1. Different conclusions made from the same data.

The results provided by business intelligence applications remain constant. However there is inconsistency from the decisions that the human make. Different people have different views and results they analyze have different outcomes, which mean an organization must spend time finding middle ground.

  1. Blends professional and personal boundaries

There is need of special care to keep personal and professional lives apart. But there are still chances of blending of professional and personal boundaries making some people uncomfortable. Since employees use personal devices to access this information. The data collected may be considered private information by some that they don’t want to have used by an organization.

  1. Need of multiple BI applications.

With numerous business intelligence options available, some BI may provide one specific surface. To get best result from your big data, you may need to invest a good amount of money to make sure your BI is fully integrated

  1. Data security.

When using mobile BI applications, there is a threat of hacking. It can put your sensitive or proprietary information at risk. There is a threat of security breach if your system is connects to the internet directly.

Hence, these are few of the pros and cons of business intelligence. The increasing popularity and use of BI application is putting the data on risk. It requires special attention to keeps those important data secure.

pros and cons of business degree

Pros and Cons of Business Degree

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Business administration is a very popular degree program that prepares students for different careers. These days many businesses have multiple career opportunities for individuals to get hired in the company into management. However, consider the pros and cons of business degree before taking business as a major subject.

Listed below are few pros and cons of business degree.

pros and cons of business degree

Pros of Business degree

  1. Lot of career opportunities

Once you get yourself a business degree, you will have lot of career opportunities. With the degree, you can work in a variety of popular fields, including sales, finance, accounting, management, marketing and many more. Supervisory and managerial roles are the most common job for business degree graduates, for people interested in leadership.

  1. Multiple learning options

There is flexibility for students to earn a business degree either through online or on campus, colleges. The majors available vary from one school to another, but typically every school includes accounting, marketing, finance, entrepreneurship, and many other options.

  1. Attractive salary

With a bachelor degree you are sure to earn a better income. If you compare the salaries of the graduates, business tends to be toward the top. Since business graduates are considered better qualified for high-level positions than other graduates, they have potential to earn more money.

  1. Acquire helpful skills

Even if you don’t tend to use your business degree in your career, you can still use the knowledge you gained during your skills in different business sectors. Regardless of your job, the experience gained by giving presentations and working in groups gives you a life-time memory.

  1. Networking opportunities

When graduating from a college, you not only can earn a degree but also can get in touch with networking groups, alumni associations, and college resources. Many colleges offer free services including career planning and counseling to alumni, exempting graduates and job planning services. These also include access to current job opportunities to the student before the vacancy is visible to public.

Also Read: Pros and Cons of Business Loans

Cons of Business Degree

  1. Require a graduate degree again for better success

If you earn the bachelor’s degree in business and if you are not getting the job that you have dreamt of then you must consider attending grad school so you can get a Master of Business Administration (MBA). You can also get a graduate degree if you are still deeply interested in this subject. This master’s degree can help your resume’ look more competitive when it comes to the post-graduation job search.

  1. Lots of competition

Business is one of the most popular subjects as a major subject in many colleges. For a person it may be hard to get into the undergraduate business program unless you have good grades before declaring your major. Also, the competition in the market will make you compete among many others during your first join the college.

  1. Can’t be an exciting major to some people

Even though, business degree can lead to so many different job positions, some typical college students may lack excitement at the thought of bookkeeping, business classes. This is a good major for people who is passionate about marketing, accounting, or sales, business.

These are few of the pros and cons of having a business degree. People who have interest in the subject can establish a good base in business with this degree. It helps in higher studies as well. And most of, it will give you opportunity to enjoy high salary.

 

 

free trade agreement pros and cons

Free Trade Agreement Pros and Cons

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Free trade is a trade between some of the countries and governments to manage imports from and exports to other countries. In free trade, the government does not interfere with imports and exports by imposing tariffs and subsidies.  This free trade agreement has a couple of pros and cons for both the economy of the country and to the business people. Some of the pros and cons of the Free Trade Agreement are as below.

Pros of Free Trade agreement

  1. Increase in economic growth

With the trade between two countries and governments, free trade automatically increases the economic growth of the country as it allows free movement of people and goods from one country to another. It furthermore brings enhancement in the market with better goods and services.
free trade agreement pros and cons

  1. Lower government spending

In free trade, governments and states are not forced to spend on extra activities such as tariff accounting and immigration costs.  Thus more and more saving means they can have used in other important activities.

  1. Employment opportunities

Free trade increases employment opportunities for the people by providing a wider market for business people to sell their products which ultimately increase the employment opportunities.

  1. Less corruption

Free trade means that people are allowed to work freely within the boundaries of another country. So, there isn’t any necessity of additional charges in forms of tariffs which reduces the chances of corruption.

  1. Foreign direct investment

FDI can be considered as one of the major advantages of free trade between countries. In free trade, goods and services are allowed to move freely between countries. So, ultimately there is foreign exchange into the country which leads to the growth of foreign direct investment.

Also Read: Tariffs Pros and Cons

Cons of Free Trade Agreement

  1. Labor and environmental abuses

There may be an increase in abuse of the labor by some of the employers as free trade increases employment opportunities and labor will be readily available in the market.

  1. Theft on intellectual property

Free Trade may lead to the theft of intellectual property by citizens of another county as people from another country can easily travel from one place to another.

  1. Poor working conditions

Free trade means more and more people will enter the country but it decreases the quality of the working conditions for both citizens and foreigners.

  1. Destruction of native cultures

As people from other countries come to other countries, they bring with them their own cultures. This eventually influences the traditional culture.

  1. Edge out domestic industries

Overcrowding of foreign companies may eventually edge out local industries. As more people come into the country and offer their services and goods.

Hence, these are few of the free trade agreement pros and cons. Many countries are facing problems due to this while some require such.