Its not very difficult for small companies to setup their own website. The challenge comes when they have to sell online and collect payments. Today, technologies like e-invoicing have addressed this concern as well. Heres an example.
Manish, a 54 years old resident of Udaipur has a beautiful 5 room house, which he offers on rent for travelers. Tourists who have visited his home earlier make repeat bookings over the phone and some of them do not turn up on the day of booking. This incurs losses for Manish as it results in unsold inventory at the last moment. With no token amount being taken from tourists, he cannot cover the charges for rooms that are left unsold due to cancellations.
This story is from the April 2016 edition of PCQuest.
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This story is from the April 2016 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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