Hi webmasters. While the internet is still growing, websites are becoming so common (and "everybody can build one") that they seem more like business cards, less of than a business. Too many competing for the same thing usually means lower prices, so low, sometimes is more profitable to do something else.
In my region people need websites every day. Yet it is becoming a low profit business with a lot of headaches. It's like the .com bubble where many think a website will make them money, the problem is they are not willing to pay building it.So perhaps the first challenge is super ultra low cost cheap websites (usually free wordpress templates).
Another thing in my region is the big sellers. "Big" companies building websites for quite a lot of money, while still being free WP templates. The amount of kidnapped domain names and "I will not give you the password" cases is alarming. Not only they sell expensive garbage, they end up burning the clients who after that, suffer from what you could actually call a trauma, not willing to pay decent money and show fear during the whole process.
Another challenge around here is the "one dollar equals 100 dollars". Where the amount of people (clients) believing building a cheap website means they will be earning top dollars in one week, and their site will be on firs page Google, receiving 100s of emails daily. That kind of people who think SEO and link marketing takes one week.
Then, you face the huge competition challenge. So, you have your own website and you are struggling to dominate your niche, then comes a client with the same goal as you, it's not easy to deal with the fact that... sometimes, hard work won't get you to the first page selling stuff. It's like a good painter on a huge city competing with lots of painters. You can't actually sell a "we have to do this and then... PERHAPS..."
All businesses have their challenges, but combining all these, the internet business in my region is becoming more to serious webmasters a thing of a "hell now I'm doing something else from today". Many people lie, and steal money with their companies, but some people are serious and honest trying to make a decent living. Competing on international markets is war too, ebay like sites for online jobs usually mean 50 people from Asia or Middle East post quickly and work faster than you, how? who the hell knows! and even charge less, quite less, cents!
I built my reputation building websites, but several clients are having their businesses going down. The effort of working with new clients with absurd expectations is pushing me to other markets (away, waaaay away from web development).
How is the market doing on your region?