| Hold your horses there.
Think commerce, think marketing, think advertising, think communication, think entertainment, think information gathering, etc., etc., etc..
The 'internet industry' is in a better position than any other industry I can think of to ride the recession and come out of it stronger than at the start of it. Other industries have high capital costs, very few members of the 'internet industry' have. Whilst it is true that some sectors of the industry may feel the recession, most will only have to trim their expenditure inline with public demand, but a public demand that in many of the sectors of the industry is likely to rise as people use the internet more and more to check for bargains and information. The biggest hit will of course be in advertising income, but with such low overheads the domaining sector and info-advertising website sector could well ride the worst of the advertising income downturn during the recession by developing the domains held and giving up parking as a mainstream method of income.
In the medium term of course the recession will aid the future growth of the internet as fewer traditional mainstream press and media outlets as well as highstreet stores will be around afterwards but companies will still have to advertise and will compete for the best advertising spots and people will still need to buy goods.
In the short term there is no better industry to be in than domaining and web-development, in the medium term (coming out of the recession) the picture for those who invest time, effort and money now is indeed rosy. |