In the current economic downturn working at home doesn’t seem like something that anyone would turn their hand to for extra income. This is not groundless, the object of people’s reservations manifesting itself in more than the uncertainty of a regular income or the stigma attached with being a “lay about”. There are many reasons why taking the step towards being able to work from home is worrying and many people feel that these uncertainties are greater than the rewards that might possibly come from being able to work from home. This is why people don’t opt to start home businesses and don’t feel they have the “know how” to even consider finding a market and creating a business for their ideas. This however has not stopped already set up internet businesses from thriving and keeping their regular customers loyal. So when did the down sides to starting a home business start to outweigh the merits? I judge it was when the country went into recession. Or in reality the moment the country understood it was in a recession.
Up until Britain had accepted it was in a recession the benefits to working at home had still appeared to be more important for people to think of than the detriments. This is why the internet business thrived and why new internet organisations were still appearing regularly. In the current economic climate the internet business has struggled considerably, causing not only a drop in the number of people buying from them but also causing a drop in the number of people wishing set up internet or home businesses. This could be due to the fact that buying online is often seen as a less reliable way of buying products due to essentials out of the buyers control i.e. items getting lost or spoiled in the post, unreliable sellers not dispatching products or products being in some way different to their description or image. This does not bode well for the internet market and whilst the internet market has not totally “nose dived” it has still felt the repercussions of the downturn and the current economic situation.
The downturn in the economic situationclimate has not, however, hugely affected the online jobs market. This is because there are still people out therewishing to begin and run internet companies and whilst this number has dropped, people who are still setting up such companies are more willing to take on somebody to help run the business, hopefully to help eradicate the loss of customers and cash flow into the business. This means that at this time online jobs are an important part of the internet business and whilst internet businesses might not be doing exceptionally well online jobs are possibly a more credible option to starting an internet business, and might even give the same experience or similar experience useful when starting of an internet business occurs (if it does at some point later).
To end, can an internet business be viable and successful in the current economic climate? In short, I don’t think so. Internet businesses rely on the loyalty of customers and the knowledge that customers are going to be using the business on a frequent basis, giving the owner with a solid and stable income. In the current economic climate this does not happen, customers preferring to use more “safe” methods of purchasing products. This is not to say, however, that the economic downturn has affected the internet business so much so that it has, or will, fail.