Prince Albert ( seenation ) September 27, 2010 - As the third quarter of the year, closes this September, the New York Stock Exchange (NYSE) reports that a number of corporations are struggling to make profits. Some have even indicated, deferring dividends to their shareholders.
Despite the economic recession that the US is still reeling under, a small but sizable number of small business owners have managed to turn up significant profits, by making money online
. The government too, has stepped in to help the small business owners by passing ‘The Small Business Jobs Act’. This bill allows small business owners to borrow money from the Small Business Administration without any fees. The bill also aims to increase the size of loan guarantees from the current 75 % to 90%. This move is likely to encourage small business owners, especially those making money online through ecommerce websites, to expand their business considerably, thus leading to an increase in job creation. There has been a considerable increase in the number of entrepreneurs who have taken to the internet; small business owners have clearly understood the impact of ecommerce.
Statistics from the Office of Labor Productivity (O.L.P) too, indicate increase in profitability of small businesses that are making money online
. The low set up costs, combined with the affordable services provided by a number of online payment processing companies has worked considerably in favor of ecommerce. Unlike their traditional brick and mortar counterparts, small businesses making money online have managed to yield high returns making money online with little or zero investment.
Ecommerce has become so cheap that websites are now specifically designed, to make profits. All that’s required is to sign up with an email service provider to keep track of the orders. Once the order is processed, the delivery is taken care of by a package handling company. For those businesses that focus on downloadable digital products like music, eBooks etc, the hassle of shipping products is eliminated, thus making the business stress free and making money online becomes fulfilling.
Although making money online is easy, one has to take efforts at the initial stage to understand the dynamics involved, once the initial stage has been crossed, all it takes is a month’s time to jump to the auto pilot mode. Recession or not, small businesses have always been and will always be the driving force of the economy.
Small Businesses Making Money Online (S.B.M.M.O) has always offered cost effective resources, materials and advice to small business owners that seek to understand what it takes to be making money online. For those wondering how to make money online
, the S.B.M.M.O can always be referred to for help and resources on ways of making money online.