On the whole, some of the top ten benefits of owning a website are:

Exclusive Recognition: Without a website, most businesses have to use emails and web addresses provided by the ISP or host. For instance, a web address would be http://www.urISP.com/name/ and email would be name@ISP.com. But, people who has a web site can have a internet address that can be their very own real estate on the Internet.

Expand Credibility: Having an Internet website let any individual or business seems more professional. This can be responsible for making a better first impression and intenet marketing.

Self-Promoting: As your business grows, you naturally consider it unnecessary to represent affiliates, and the ranking achieved over time has no value. But if you have your own Internet website, all that the Webmaster is need to do is modify the text on the site, get rid of the affiliate link and add a new one. This way you continue maintaining a presence on the online world.

Multiple Product Promotion: When you own your website and use a cheap web hosting services such as Hostgator webhosting, you have a better opportunity to endorse numerous products from a single website. In this way, while using sites like Ryze, MySpace, DirectMatches etc for marketing, without adding affiliate links you can guide people to your site.

Illustrate Platform: Company can have world clients, so having a web site can allow you to showcase all the thing you have done to potential customers. The clints can be found anywhere all over the world and still be able to see your work anytime. All you have to do is refer them to your own website.

Better Communication: For a business that has others reporting to you, using your own website you can communicate with your employees, suppliers etc and this way you can have 24/7 communication or work delegation. Anyone who has seen the updates once updates without having to wait for a specific instructions. 

Global Audience: We all know how huge the Internet is, with the right content and good search engine optimizing you can earn a higher website rank and get an increased number of customers from the world over.

Location: Owning your own website, puts your business on the global map, this way your business is omnipresent and mobile, since it has worldwide access.