Brick and Mortar Business is Dead (And the Internet Killed It)
- Author Kevin Blue
- Published September 5, 2010
- Word count 534
Brick and Mortar Business is Dead (And the Internet Killed It)
For many years now, businesses have suffered major financial blows forcing them to close doors. Even here in the U.S., we feel the impact of the world recession. So, people are suddenly shifting gears from the usual brick and mortar business to the more profitable internet business model.
For starters, what is brick and mortar business? Put simply, it is the regular type of business having a physical building or office, store or presence engaging with customers or clients face-to-face. (Wikipedia) You will notice that this is way much different from the internet business model only having an online shop or business office virtually.
Let me show you a comparison between brick and mortar business model and the internet business model--
Out With The Old (Brick and Mortar Business)
-
Invested $50,000-$2,500,000
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Three to Five Years Until Profit
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20% Profit or less
-
14 Hour Work Days As Owner
-
$40k Year Salary as Owner
-
Nightmare Employees
-
Inventory Headaches
-
Expensive Rent
-
Major Liabilities & Insurance Costs
-
Less Freedom
And In With The New (Way Better) Internet Business Model
-
Invested $0-$10,000
-
Profit In As Little As 30 Days
-
75% Profit or More
-
3 Hour Work Days As Owner
-
$250k+ Year Income Potential
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No Employees
-
No Inventory
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No Rent
-
No Insurance
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More Freedom
Imagine the world of difference with brick and mortar vs online. With the brick and mortar business, you need to invest so much more and at the same time spend quite a deal with personnel expenses like salaries, benefits, recruitment/hiring (tests, interviews, trainings). You also need to look into sales and marketing, collection, delivery, and advertisements. Not only that, it can also be more risky because of the time the returns of investment come in.
So, in short, brick and mortar demands more of your money, time, and effort in maintaining the entire business plus supervising hands-on to make sure that you produce good quality products and services that your customers will enjoy. Still, there is no guarantee that money will pour in even after doing all these things.
Just on the other side is home based internet business model. This type has been booming for years. As a matter of fact, about $73 Billion dollars in growth is expected in the next few years according to major research firms. No wonder why some of the 79 million baby boomers retiring soon are now making the most out of the home based internet business to help supplement their retirement income.
If you have spent your whole life trying to earn money by getting a college degree, working in the corporate world 9-5 day-in, day-out or putting up a business with no returns and still ended up broke, let me encourage you that there are endless opportunities coming your way with just the click of a mouse. All you need are computer, stable internet access, and the willingness to learn and practice the online trade.
The better choice is quite obvious. Take advantage of the new internet model with MINIMAL start-up costs and UNLIMITED income potential. Make the right choice. I did.
Internet Income University is the internet's premiere site for teaching ordinary people how to generate multiple streams of income online.
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