Originally Posted by escapeplan
Interesting topic. It does seem everyone is trying to go down this internet business route- and as with what happened in the UK property market, when everyone runs one way- run the other!
The internet market is highly competitive and SBI has only muddied the water here- it's hard to get an accurate picture of how many internet businesses are making serious money. If you own a shop, or operate a plumbing business, people who come to you are wanting to buy, whereas on the internet your visitors are largely information seekers. What's so wrong in operating a real world business anyway?
This forum seems devoted at times to the pack up work and run a blog mindset- why? Is it because with an internet business you can try to hide a lack of skills that would otherwise be required in the real world? I know some have made money and big money with internet businesses- but like I say, when a substantial mass all run one way...
As for the comment about a 900% profit- that's daft. If the average employee's costs are a few dollars in travel expenses getting to work, you could argue they make thousands of percent profit per day! Crazy argument!
I so agree with all of this.
Another problem I see with Internet business is that of intellectual property and piracy. If you run a blog, people can steal your articles and post them as their own. If you run a YouTube channel, people can steal your videos. If you sell ebooks, a few people will buy them, put them on torrent sites and everyone else will just download your ebooks for free.
The industry itself also doesn't have a very good reputation. Probably most of the money made on the internet is from porn, after that I guess selling crappy info "products" or just plainly scamming people. You might have the best ebook in the world, but most people won't trust you, since it's the Internet.