Starting an Online Business in a Down Economy?
A few quotes from a good article over at Entrepreneur.com:
“Another reason an internet startup could be lucrative even in a down economy is that online shopping is growing. In the first quarter of 2008, revenues generated by online-based businesses (and the online aspects of traditional retail businesses) were $32.4 billion, according to the U.S. Census Bureau. That tally is up 13.4 percent from results for the third quarter of 2007.”
“While Grau warns that the economic downturn is slowing e-commerce sales, online sales are still growing at triple the rate of store sales. ‘It’s still a very desirable marketplace,’ he says. And more and more online shoppers are turning to the web instead of paying for gas to go to the mall.”
Check out the article: http://www.entrepreneur.com/websmarts/article197198.html