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I recently joined a Facebook group that one of our new clients hosts (a group for course creators), and one of the top posts was a Youtube video from an entrepreneur named Alex Becker (apparently he’s pretty well known, but I’m not familiar with him).
In this particular video, Alex shares his thoughts on why he thinks the online business industry is collapsing and why it’s going to get worse.
I thought Alex made some good points, but I also feel it’s a bit extreme to say the online business world is collapsing.
We have a very unique view of the online business landscape because it’s our job to look at the numbers behind many of the more well-known online businesses in the space, so I wanted to share my thoughts on this topic and, hopefully, ease your mind about online entrepreneurship.
In this episode, we’ll discuss:
The state of the online business space and why I don’t feel it’s collapsing
The new challenges online business owners face with growing competition
Why drop shippers and affiliate marketers are facing bigger challenges than course creators
Why online businesses still have a major profit advantage over classic business models
Why online business owners need to take their numbers more seriously than ever before to have long-term success