Business is an organization, entrepreneurship, engaged in commercial, industrial, and professional activities.
In the older days, we do business offline in the city, country where we are residing. Peoples set up small shops, showrooms, industries to attract people to purchase the things this is the older version of the business. If anyone to sell his/her product out of his/her city/country then they appoint the middle man known as the Agent to do the same or make their branches and distributors there which are very costly.
But as the technology is booming in our life and most effective part of the technology Internet ( Known in Hindi as MAYAJAAL) entered in the modern life period with the help of the youth of every country are everything is going online whether it is education, work or business.
This is mainly called the Online process so businesses are called online business. This type of business as compared to the older one is not much costly to set up. As in this type of business, we don't need any fixed place like shops, showrooms only need of the Computer and Internet that's the reason it is less costly than Offline business.
As nowadays situations every businessman moving to the online business to increase their customers as due to the COVID19 every one is moving less outside so they went on the Internet search what they want and purchase and product came to their house.
Also, Businessman prefers online business as they have customers all over the world without setting up the branches, distributors, and appointing agents which also increase their income and less capital to invest which increase their profit.
But this also hampers the small-scale businesses as the customer footfall decrease and they can't sell their products online and they are not having that much capital to invest in making their websites and appointing the person to do all these things.
If we see the scenarios Online businesses destroy small-scale businesses and industries and make the bigger businessman the real big tycoons in the business industry.
The main difference between Online and Offline business is as :
Online Business reached every person in every part of the world but offline business is still there and the customer has to reach there to purchase the products and the businessman has to stock the products but online there is no stock handelling.