|Web related business in light of worldwide bad financial news|
Any financial future or big dive in red zone
In light of this Monday wave of bad financial news from all over the world
Could we start a survey and discuss your area “mood” (worldwide)
And reactions from small-small business less than 20 employees and small business up to 500 employees
Here we go:
My area USA Connecticut
Small-small: Wait after the taxes…
Small: cannot commit yet
This regards at least 50% of potential new clients
I think we, the small online publishers, are really inmune to those financial earthquakes because we all know it is something absolutely usual in this (Google dominated) world.
A 15% less of global advertising business? Who cares! It's just a lot less than a -6, -30 or -950 penalty, a 6 month sandbox or a supplemental downgrade for your site.
And most of us know it happenned, it happens and it will happen once and again.
Your concerns seem coming from results out of your own site Google, or others related, revenues generated
My fault! I should have mentioned that my concern lies in the field of web developer financial health that depends on client accounts and not on ad revenues generated.
crisis = opportunity
Find the opportunities.
The more problems there are, the more people there are that need problems solved.
If you have a static strategy - well, good luck!
I agree with jtara. There will always be opportunities in times of crisis. We just need to find it. As you are a web developer, try coming out with a more economical online solution for your current and future customer base. Survey your current customer base to see what challenges they are having etc. Then create a solution. Being static online in a world of constant change is surely a death sentence for businesses. regards, osagie irowa
[edited by: jatar_k at 12:30 am (utc) on Jan. 24, 2008]
[edit reason] no sigs thanks [/edit]
Well, the thread has taken a very good turn
May we discuss “crisis” options?
We are exploring a couple of ideas, for example: Offer the job on a monthly fee (12, 18 months) with a buy-back opportunity and/or a final pay-off.
One (or even a few) down days does not a crisis make. While there are several Chicken Littles running around spouting doom and gloom, there are still plenty of other businesses that have weathered things fine so far (and will probably continue to do so).
There are lots of us here from the 2000 meltdown, and we're still here. Maybe not in the same exact position, and maybe not even at the same company. Tech survived from that downturn, just as finance will survive this.
As has been pointed out, this is a time of opportunities. Perhaps not the opportunities you were expecting, but that's what makes them especially opportune. Often, when everyone is selling and jumping ship, that's the best time to buy and invest for the future. The ROI may not happen overnight, but long-term there are definitely good opportunities.
As far as eeking things out for the long term, learn to tighten your belt and do without the frills that you don't absolutely need.