For many aspiring entrepreneurs who are interested in diving into the business of retail, there is one important issue that they have to contend with, and that is the decision to set up a physical store or an online store to drive their profits. With the global landscape of commerce constantly changing at a rapid pace, consumers are now faced with the choice of having to do their purchases either at an on-site location or do it remotely via their mobile devices. Which leads us to this question: which retail format actually works better?
The answer to this question is not an easy one to address, considering that there are several factors that one must consider before making such a serious decision. On the whole, the way society operates today is something that is influenced by the speed by which technology has evolved. Hence, it’s not really that surprising why so many people around the world are embracing the convenience of online shopping. But despite this steadily rising trend of digital purchasing, plenty of people still do their shopping at physical outlets.