"The Internet Gold Rush is under way" Bill Gates, chairman Microsoft Corporation.
Early settlers understood if you are going to build a community, build it near a permanent, abundant source of fresh water. And that's why in all countries around world, communities were built around streams, rivers and lakes. That's good common sense.
Now let's apply that same wisdom to developing a business.
If you are going to develop a work from home business, develop it near a permanent (or long term), abundant source of cash flow. You'd agree with that wouldn't you? Again that's good common sense.
More succinctly, you identify where huge amounts of money are being spent in a growing industry with good long term prospects.
The Internet complies with these criteria better than any other industry in history. Gold, silver, coal, oil, LPG have all been massive industries but you either had to leave home to stake your claim, invest more than average person could ever afford before even seeing your first dollar, resource dried up and opportunity ended or industry became obsolete.
If current Internet and e-commerce trends continue, which at moment there appears to be no reason why they wouldn't, indeed a new age in consumerism has arrived. The statistics speak for themselves.
[U.S. online retail sales are expected to reach $65 billion in 2004, and will continue to grow by a compound annual growth rate of 17 percent through 2008 to top $117 billion, according to a report issued from Jupiter Research.
"Market Forecast: U.S. Retail 2004-2008," growth in online retail will be due in part to new online buyers, not just veterans, who have come to embrace medium. Jupiter expects that online buying population will grow by 14 percent in 2004, representing 30 percent of U.S. population. By 2008, one-half of population will make purchases online.
Online retail growth will be fueled by another factor: increased average spending per buyer. In 2004, online buyers are expected to spend an average of $585 person, up from $540 per buyer in 2003. That trend in higher spending is expected to increase over next five years: Through 2008, average spending per buyer will be close to $780 per buyer.] Taken from an article by Laura Rush, Clickz.com
They are extremely promising statistics and implications for those of us who are creating an Internet presence now are profound. If you are able to develop an effective Internet marketing business now, your income could grow at a compound rate for next several years.