As internet entrepreneurs we have a lot to look forward to in 2007. While the brick and mortar businesses are lagging economically and he country is wallowing in a self inflicted slump we internet entrepreneurs are thriving. If you do not believe me then look at Goggles first quarter earnings for 2007.
As internet entrepreneurs we have a lot to look forward to in 2007. While the brick and mortar businesses are lagging economically and he country is wallowing in a self inflicted slump we internet entrepreneurs are thriving. If you do not believe me then look at Goggles first quarter earnings for 2007. Google reported revenues of $3.66 billion for the quarter ended March 31, 2007, representing a 63% increase over first quarter 2006 revenues of $2.25 billion and a 14% increase over fourth quarter 2006 revenues of $3.21 billion.
Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs, or TAC. While US real (constant prices) gross domestic product (GDP) increased 1.3 percent in the first quarter of 2007 after increasing 2.5 percent in the fourth quarter of 2006, according to estimates released by the Bureau of Economic Analysis. Now that is a staggering 61.5% gap in earnings or increase in earnings that Google shows in comparison to the rest of the country. What does all this mean to you the internet entrepreneur? More opportunity to make tons more money in 2007. While most business people I talk to are dreading a slow down or a slump in the market place I and the rest of those like me are shivering with excitement over the coming opportunity. The moral of this story… do not wait until the time is right to get into an internet business or to market your goods online or you will go the way of the dinosaur. What are your tactics going to be to harness this juggernaut of opportunity at your footstep?
Being an internet entrepreneur can seem like a ominous task at times and you may even find yourself chasing after opportunities that never pay off. If you stay focused. Positive and driven to produce for your public then nothing will stand in the way of your ultimate success.
