Running a Safe Online Business: part one
Welcome to the first of this seven part series…”Running a Safe Online Business” Crash Course.
Each day for the next 7 days you will receive a lesson that will help you learn the basic information that you need to know to Running a Safe Online Business.
In this first lesson let’s have a little history lesson.
In the last decade there has been an extraordinary amount of people that have started their own online business and there can be little doubt that this trend will continue as people seek out ways to control their own financial future.
The total volume of spending that takes place online is similarly amazing. Most experts are talking in the range of something over a billion dollars a year. Many experts also believe that 40% of all retail sales will be made online by the year 2020, although others put this number still higher.
There are several driving forces behind this explosion in online business.
The first of these is a growing willingness of the consumer to buy and spend money online. At the same time, it is becoming easier and more secure for the consumer to make online purchases as many hundreds of well-established businesses set up their first sales enabled websites, and begin to accept credit card payments online.
Having grown up with computers, these people are far more comfortable and relaxed about spending money online than some of their older peers, and this too has shifted the demographics of online business considerably.
Alongside this explosive growth in the number of people who are willing and able to spend money online, there has been an equally phenomenal increase in the number of people who are supplying products and services online.
Many of these new online product suppliers are established businesses that have finally decided that selling on the Internet is something that they should be doing, as it clearly opens up a new and potentially huge global marketplace to them.
On the other hand, there are also thousands or perhaps even millions of new online businesses being started by private individuals who have had little or no previous business experience, but who have nevertheless decided to give Internet marketing a try.
During the next few days we will be going over the risks that are associated with running an online business. Unfortunately, these risks are almost universal for any individual who decides to start their own online business. The main goal of this short course is to make you aware of the risks, involved and provide you with the basic information that you need to protect yourself, your business and your assets.
We have a lot to go over in the next few days, so make sure you look for your next lesson tomorrow. We will start going over the basic steps that you need to take to ensure the safety of your online business.
Until tomorrow.
Take care,
Ken Mathie
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