More Competition in Internet Marketing From Unemployment & High Inflation

by Obbeg
9 replies
People in developed countries will turn to internet as their main source of income as the unemployment increases and people will resign from their low-salary jobs because of high inflation.

The more people come to internet, the more will be competition in internet marketing. Some will say they will get more sales because of more internet users.

So look on both sides of the road/street before you cross it.
#competition #high #inflation #internet #marketing #unemployment
  • Profile picture of the author Obbeg
    More Competition in Internet Marketing is the main reason majority of internet marketers have less sales.

    Example: There are 100,000 buyers

    1) 1000 sellers so 100 buyers for each seller

    2) 2000 sellers so 50 buyers for each

    3) 10,000 sellers so 10 buyers for each
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  • Profile picture of the author davejug1
    Most people from developing countries go into freelancing and drive the cost of outsourcing down further. I can see fiverr becoming threer or twor and the global market becoming a sweatshop for internet marketers trying to make a buck.

    I can only see benefits. For every 100 people coming into the business I see only 1 competing.
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    • Profile picture of the author Obbeg
      Originally Posted by davejug1 View Post

      I can only see benefits. For every 100 people coming into the business I see only 1 competing.
      8 million jobs have been lost and 50% Americans do not pay taxes because their income is less since Obama is President.

      Obama said "It's all the fault of the "rich", they stole your money and job and we have to make them pay"
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    • Profile picture of the author mvirtual
      There will be more competition but there will also be more people who will buy your products. With a good products you don't have to worry about competition.

      Marc
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      • Profile picture of the author Obbeg
        Originally Posted by mvirtual View Post

        There will be more competition but there will also be more people who will buy your products. With a good products you don't have to worry about competition.
        More Competition and financial crisis is the main reason majority of internet marketers have less sales.
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  • Profile picture of the author Dennis Gaskill
    If we define "competition" as someone who is close to your level of marketing knowledge and skill (or better) and is in the same market space (niches) as you are, and therefor vying for the exact same customers, then more people entering the marketing field doesn't necessarily mean more competition.

    In other words, a high percentage of them won't be in the same niches as you are; and of the ones who are, a high percentage of them will be way behind you and won't really have the skills and knowledge to truly compete with you on a level playing field.

    That really leaves relatively few who will be your direct competition.
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    • Profile picture of the author ronaldmd
      Originally Posted by Dennis Gaskill View Post

      If we define "competition" as someone who is close to your level of marketing knowledge and skill (or better) and is in the same market space (niches) as you are, and therefor vying for the exact same customers, then more people entering the marketing field doesn't necessarily mean more competition.

      In other words, a high percentage of them won't be in the same niches as you are; and of the ones who are, a high percentage of them will be way behind you and won't really have the skills and knowledge to truly compete with you on a level playing field.

      That really leaves relatively few who will be your direct competition.
      LOL, but later, these "newbies" will be gurus someday. And not all of us are in internet marketing niche
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  • Profile picture of the author Ltespd
    I don't consider myself anyones competition but the reason I turned to internet marketing is because I lost my job of 30 years.
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  • Profile picture of the author vijai
    Competition is there in all kind of Business not only in Internet.Here huge opportunity awaits to be explored...
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