In this day and age, several sme businesses in malaysia are looking for ways to move forward with the digital economy.
As we all know by now, the current covid-19 situation is unlikely to improve anytime soon.
This is a huge blow for many smes out there and this is a critical period to determine the next steps in order to survive.
Some of them have managed this situation well, some barely survived and some were even forced to shut their business down.
Hence, instead of asking questions, you should start looking for answers. In this article, we are going to show you how your company can thrive in the digital economy.
Scroll down to find out more.
What is digital economy?
From the name itself you might get a rough idea of what it is about
In a way, this is gradually replacing the “traditional” economy. Nowadays, people can basically get anything online without stepping out of your house.
Some of the examples of the digital economy telephone biz that you might be familiar with are amazon, netflix, and airbnb.
What do all these companies have in common?
For a start, consumers can make all the transactions online and they get great service in exchange. It is also quick, effective, and convenient for both parties.
This economic activity requires electronic communication and digital technologies.
The main tools that are involved in the digital economy are
Over time, many physical shops are now BTC Database AS moving to digital by selling online while maintaining selling their products at their stores as well.
There are also plenty of shops that sell their products completely online without owning physical stores.
So, the point here is the digital economy is the way of moving forward.
Hence, it is crucial for your sme to be in the picture. There is still time to work on your online presence to make the best out of this situation.
More than half of the world population are on the internet, so it is wise to get your business online.