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Why Online Business is Booming in Recession Today
January 16th, 2009 | Author: Noobpreneur | 4,885 views
If you follow me regularly, you must have read my article about what business ideas that will thrive in 2009. I’ve written about the Top 10 business idea for 2009, and one of those 10 ideas is online business.
- Recession in Online Businesses and Marketplaces – Are We There Yet?
- Online Marketplaces Hit by Recession?
- Build Online Business and Make Money Online for Newbie
- Why You Have to Do Business Online – Part 2
- 10 Online Business Ideas that Can Give You More Than 1000 Percent Return on Investment
- How to Look for Lucrative Online Business Ideas Fast
About the Author
Ivan Widjaya is the Owner/Editor of Noobpreneur.com. He is a web property investor, blogger and web property maker, and currently manages and writes for Franchise Note. He also runs a web design business, Chalcedony Design, specialising in Wordpress theme creation.
Visit Noobpreneur's profile and other posts.
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IMO everyone flooding online means the money is OFFline.
I was chatting to a guy who had just started in a new MLM. In one month he had 28 people under him simply by phoning people he knew, and he was asking me how he could get into internet marketing. I was shocked!
I told him to stick with what was working!
As you say online make money is a crowded marketplace, probably a bubble, and so the less trendy option is probably where the profits are at.
I work an MLM both online and offline, and more of my money comes from the offline work because it duplicates better there.
Martin,
Great story and insight! Internet marketing, IMO, is simply MLM done online. I know, I generalise things – but from my experience, I totally agree that if you are successful in off line MLM, you only need to learn basic tools to ace Internet Marketing.
“I work an MLM both online and offline, and more of my money comes from the offline work because it duplicates better there.” – yes, Internet marketing products life are, IMO, short compared to MLM.
Thanks for sharing!
Thanks for this article, it’s very informative for a person like me who is racking her brain out on what online business to explore :)
Maricar,
LOL – ‘Glad I can be helpful :)