These days, who has not heard about e-commerce? It has, within the past half-decade, transformed the very way we live our lives. Now you can get just about anything from anywhere around the world, with just a few clicks and keystrokes.
Electronic commerce has not just changed the way that people buy things, but also the way that companies sell their stuff. More than just that – the virtual and scalable nature of e-commerce has made it that much easier for the individual to start a business and make money from it.
In fact, it is so easy to get into it, that there are dozens of Internet startup companies sprouting every week, if not every day. The legal requirements are few and easy to accomplish, so it really is a simple matter to get an Internet business started. However, the operative word here is “startedâ€.
It is a matter of fact that while many Internet businesses get started on a regular basis, the ones that survive for a reasonable amount of time are few. Even fewer are those that really make it big. If we were to make an estimate of the figures, we would guess that around 70 percent of businesses don’t make it past 120 days.
Of the 30 percent that make it past the first quarter, 20 percent are just breaking even, and only 10 percent are making real money. Needless to say, the ones that make the big time are an even smaller fraction of that 10 percent.
This is not intended to discourage you, the intrepid entrepreneur.
