The best thing for your online business could be a bad economy
I came across a great post today by Danny Demichele, an Internet Marketing Consultant, who puts together a good argument how troubled times could actually have a positive impact on an online business. Here are 10 factors that you need to look out for:
- Gas – The cost of travel mean more people shop online
- Price Comparisons – The Internet makes comparison easier leading to more online purchases
- Advertising Efficiency – As marketing budgets get squeezed more money is pumped online into trackable advertising
- Less Big Brand Advertisers – As big brand advertisers shrink they budgets, smaller organisations get more space
- Previous Brand Reluctance – Manufacturers will allow more retailers to sell their products
- TV Shows – More TV shows will move online opening up advertising possibilities
- Investment Dollars – As more people move online, more money is pumped into the Internet
- Lower Overhead – Online businesses are typically cheaper to run that traditional models
- Less Taxes – Avoiding local taxes by shopping online
- Virtual Services – Helping customers reduce their costs
Danny is an SEO Consultant who focuses on internet marketing consulting and has a pretty rich background in Internet-based organisations. His website also has weekly tips to help businesses success, so look out for them after you read the post.