Is online retailing declining?
June 2nd, 2006
Many reports have been claiming that online retailing has been declining recently. It’s not that online retailing is declining, instead, the opposite is the case. Many of the online retailers are losing market share to the vast number of smaller online retailers, and these losses are skewing the data that supports the theory of a decline.
This is just further evidence that you can start a business and successfully compete with even the largest of industry giants out there, but keep in mind, that’s not a ticket to make ridiculous choices such as trying to start an online book retailing web site or a new search engine. The key is to focus on a particular niche, and as you gain success, expand into additional niches.
