In The Midst Of Corporate Layoffs, Online Business Gaining Lots Of Populartity

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How Corporate Layoffs Are Spurring The Online Business Arena

After enjoying record profits during the mid to late 90's, companies have been steadily cutting back on its spending and laying off employees to become more leaner and profitable during tighter times. Profit margins have shrunk, scandal has rocked the the stock market and the surge in energy cost has all dampened the profit party in the corporate world.

Recently, the housing maket is also slowing significantly due to higher mortgage interest rates and the lack of buyers for over-inflated housing prices.

One area is slowly creeping back into the scene, albeit very low on the radar screen. That area seems to be the online business startups.

As the popularity of the internet grows, combined with the lower price for broadband internet access, more and more people are looking to the web to try their hand at starting an internet based business.

The advantage over a traditional type business is that the internet allows you to be everywhere the internet is available at the same time. The amount of money for startup that goes into online business is considerably lower. Because the cost are much more lower than starting up a "brick and mortar" type business, the masses are starting to get involved with more frequency.

For the most part, there's no direct selling, and everything is done via the internet. A web site along with a marketing plan, your website is your 24/7 salseman that markets your message as long as your website is up and running.

Although there is a healthy dose of skepticsm, one can have hope that most people aren't just waiting for social security or a government check as our only means of income at the time of retirement.

Who knows, 10 years from now those that take the chance and get into an online business, may just turn out to be one of the internet millionaire's that are generating their incomes strictly on the information highway.

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Beau Penaranda

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