1. Business Opportunities
CHAPTER FIVE

2. Warm Up
Go online and find out how much it costs to run an online store per month. Places to look:

3. ONLINE BUSINESS
Any business on the internet that sells products, services or advertising online.

4. ONLINE BUSINESS
Cumulative data from Statista anticipates a % increase in worldwide ecommerce sales, from $1.3 trillion in 2014 to $4.5 trillion in That is nearly a threefold lift in online revenue!

5. TOP 10 Ecommerce Markets China: $672B France: $43B US: $340B
South Korea: $37B
UK: $99B
Canada: $30B
Japan: $79B
Russia: $20B
Germany: $73B
Brazil: $19B

6. ONLINE BUSINESS How to start an online business video:

7. DOMESTIC BUSINESS
A company that conducts business within its national borders.
Examples:
Local Small Businesses
Taxi Cab Services
Landscape Service Companies
Hair Salons, Barber Shops

8. INTERNATIONAL BUSINESS
A company that conducts business outside national borders.
Examples:
Online Business Shipping Worldwide
US Corporations (Apple, Ford, etc.)

9. CONSUMERS
A person who purchases goods and services for personal use.

10. INDUSTRIAL CUSTOMERS
Institutions or personal who purchase goods or services for commercial use.
Examples:
Commercial Enterprises
Government
Institutional
Cooperatives

11. BRICK & MORTAR BUSINESS
A business that has a physical location for consumers to purchase goods.

12. FRANCHISE
The right to make or market a good or service under a trademark name.

13. FRANCHISEE
The buyer of a franchise.

14. FRANCHISOR
The seller of a franchise.

15. ROYALTY FEE
An ongoing fee that a franchisee pays the franchisor. The fee is usually a percentage of gross sales.

16. HOW FRANCHISES WORK

17. CHANNEL OF DISTRIBUTION
The path a product takes from manufacturer to consumer.

18. CHANNEL OF DISTRIBUTION

19. WHOLESALER
A company that sells goods in large quantities at low prices to retailers.

20. DISTRIBUTOR
The manufacturer’s direct point of contact to supply goods to wholesalers.

21. MANUFACTURER
A person or company that makes goods for sale.

22. RETAILER
A seller of goods to consumers.

23. BUSINESS TO BUSINESS
Business that is conducted between businesses (B2B).