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So, don't stress out over what your mega-competition is doing. Look to your niche and focus on that. Ever tried emailing one of those mega sites? I have. You get auto-generated responses. No such thing as personal service. And how could there be? They're in a parallel universe, after all, where such things as basic customer service are delivered by autoresponders, not real humans.
For you and me, "mundane dot-com survivors", trick is to focus on *business* and not get caught up in hype and swirl of The Internet. We understand that internet is but a tool at our disposal, not some mystical plane where you can afford to throw out antiquated "old economy" principles such as fact that revenues must exceed expenses in order to make a profit.
The LA Times article profiled a small dot-commer who is thriving despite so called "melt-down". A sole-employee business, this entrepreneur "turned her idea for a coupon-clipping Web site into a profitable business by keeping expenses low". Fancy that. Keeping expenses low. What an epiphany. The business took a year and a half to turn a profit with expenses of around $800 a month. It has remained in profit ever since, generating a salary of between $75,000 and $125,000 a year for its owner.
Even more startling is fact that "the vast majority of Internet companies have never seen a drop of venture capital or had a public stock offering. Of about 10,000 dot-coms in United States, fewer than 500 have publicly traded stock. Only a quarter have received venture-capital money, depending instead on money from more patient private investors, their own checkbooks and credit cards or - remarkably - company revenues."
Elena Fawkner is editor of A Home-Based Business Online ... practical business ideas, opportunities and solutions for the work-from-home entrepreneur. http://www.ahbbo.com