The Present and Future Growth of Facebook Based Online Business in Bangladesh:
Pre & Post Covid-19 Analysis & Impacts
INTRODUCTION
The whole world has already been converted into a virtual world. According to DATAREPORTAL there
are 4.88 billion internet users in the world today which is 61.8% of total Global population. As a result
there is evolution in business forms. Business got converted from physical to virtual. Facebook Based
online Business is one of the newest form of online business versions which got popular among the
young entrepreneurs of many countries because of its wide marketing reach due to greater interaction
and higher return on investment.
According to DATAREPORTAL,In Bangladesh total number of internet subscriber has reached 47.61
million in 2021.From which 45 million use social media .Among all the social media users,89.62% use
FACEBOOK.Users of facebook are currently growing at an annual rate of 22.40%.So,it has been clear
that the number of facebook users increasing day by day. Entrepreneurs are more relying on facebook
to their business in Bangladesh . Facebook based online business emerge as one of the solution of
unemployment for many as they start a small business through Facebook page and earn handsomely
figure from business. Currently more than 300000 Bangladeshi store are operating in facebook.