The Star Newspaper - Making good money online
The Star Newspaper, 10 Febuary 2009
Making Good Money Online
MASSIVE layoffs, companies closing down and the substantial plunge of businesses globally are happening today, and will remain so for months or even years to come. Malaysia has started to experience these adverse effects in most industries, since the end of last year and it is expected to become worse.
However, one particular industry is the least affected so far. Most companies in this industry are still experiencing strong growths in earnings in the fourth quarter of 2008. They would be Amazon, up 9% Google, up 18% and Baidu, China’s biggest search engine, a whopping 382%. Yes, this is the Internet Industry.
Despite the recession, which is hitting the US, the online sales is still growing at 18% in 2008 according to statistics. An even higher rate of growth is expected of the China online retail market this year. The latest statistics show that China’s B2C and C2C online sales have increased 100% in 2008 to a whopping 100 billion Remminbi.
The business of the homegrown Internet marketing company eOneNet.com, has grown by 35% in 2008 and is expected to grow further in 2009, according to Fione Tan, president and CEO of the company.
Why are most Internet businesses still growing and not affected by the global financial meltdown?
“Unlike traditional business where your market is mainly local, Internet business is a global business where we are able to get customers worldwide,” said Tan.
“More importantly, the start-up costs (as well as launching new products costs) are so low compared to traditional business that we can sell new products and launch new Internet projects from time to time, thereby creating multiple sources of income, with practically no (or very low) risks.”
eOneNet.com, ranked Asia's top Internet marketing company with offices in Hong Kong, Malaysia and Singapore, and ranked No.1 Internet marketing company Asia by Google, specializes in helping SMIs to expand their business globally and get top rankings in international and China search engines, and offers services including guaranteed top rankings in international and China search engines, email marketing in the legal way, and Internet marketing training and coaching. Clients include both multinational companies and SMIs in the region. For more details, visit http://www.eOneNet.com.