I have had a lot of people asking me lately if they really should consider starting an online store in this economy.
The answer is a loud, resonating YES!!!
Now is the best time to start a store and here is why:
- Your other income opportunities are becoming much less stable – layoffs, a down employment market mean that many jobs today are less stable than ever. If you are currently employed, you need to create other streams of income to insure your future.
- Competition is slowing down and backing off. In most industries, the economy is causing businesses – big and small – to make cuts. This provides an opportunity for the small business to swoop in and grab market share that is being ignored.
- Online stores are one of the least expensive ways to own your own business. Your brick and mortar counterparts have to invest hundreds of thousands of dollars to achieve the same results.
- While all shopping was down for 2008, online shopping was down the least – people are turning to the internet to save money and avoid the “malls”.
Make it your new year’s resolution to secure your future with Your Own Business. Your Own Income.
For more information on building and marketing your online store, visit me at Online Biz Consulting.
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Jenn Cangelosi is owner of 
This is really good to know! I have been worried that I may have missed the boat when it comes to owning an online store. I’m glad this is only the beginning!
Carlas last blog post..Going Car Free (or Car Less)
You’re ok!
That’s true, In 2009 ecommerce will be the next success for home business
Alexas last blog post..Come vendere con il tuo negozio online senza avere prodotti in magazzino
I couldn’t agree more. 66% of Americans online already make purchases online, and that number is sure to grow. Here are some tips for online retailers to boost sales online: http://blog.trialpay.com/2009/01/top-3-ways-to-boost-e-commerce-sales-in.html
Melissas last blog post..Super Bowl Ad Spending: Worth the time or a waste of time?
I totally agree – more and more people are looking for convenience and online shopping.
I’ve been selling online now for over 10 years – the market is definitely there.
Data points, Barbara
Barbara Ling, Virtual Coachs last blog post..2 Tier vs. 1 Tier Affiliate Marketing programs
I completely agree. I just opened an online business this past January. Afraid that it may be the wrong time to do it being the economy was bad, my husband encouraged me not to give up and being the cost is not the same as a physical store the investment is minimal. Thank you for supporting stay – work at home moms! We really appreciate sites like these that bring awareness to us little folks!
Blessings,
~ Jacqueline
..I agree with this 100%. History has shown that many companies who pushed onward/started a business during a recession came out on top.
This article expresses some great points about starting an online business right now! Important things to think about. I also recommend a good article written about starting an online business during a recession. You need to consider pros and cons before spending time and money. Anyone have any other ideas about business planning during these tough times?
I think it would be a great idea because people are looking for some good deal’s may they be online or off,
I still find myself checking out e-bay at least twice a week looking for some good deals on car’s or auto parts,My wife also get’s on their too find bargains in the clothes department i say now would be a great time to open a online store!
Rickey