Is this the right time to engage in Internet Business?

It is a fact that there is global recession and many companies are reducing their labor force. We can generally say that world's economy is not as good as one year ago. Is the online business still profitable? Is this the right time to open up an online business?

The tendency from the buying public is to save money and prepare for the worst thing to come. I think I will look on its brighter side. Now that we know people will be attracted to cheaper commodities, we can take advantage from it. Merchants will be selling their products at a lower price. One area where you can look at is in the Real Estate business. If you have extra money, now is the time to invest in real estate property. When the economy improves, the rate of appreciation of your property is expected to rise quickly.

Another area is in the car industry. It is expected that less people are going to buy new cars. More people will be buying second hand cars so you can expect an increase in car maintenance. If you are a mechanic you can create an eBook about car repairs.

In general, the business that will most likely to prosper is in the maintenance and repair. Buying and selling of second hand items could be a good business. Relocation of call centers to countries with cheaper labor cost will be an excellent option to reduce operating cost.

So the answer to the question whether it is the right time to engage in internet business is a yes and a no. You have to analyze which industry is going down and which industry is going up. You must go out and feel the market. In any business, you will need a feasibility study before you decide to go ahead. Know your strength, weakness, opportunity and threat. Analyze it and it think it is feasible, go ahead. You will not know it will click unless you try it.