Customer/Prospect Pain Points Concerning the Reliability of the Internet as our Global Marketplace.

byLindiThorp

267 followers

2 weeks ago

Some of my young prospects and commentators have asked me to reassure them about the safe future of the Internet if they decide to sidestep traditional work and all the trimmings - training, qualifications, promotion hunting, possible redundancy, etc - to put all their eggs in the Internet Business basket. So, I thought I'd get my lovely WA colleagues' views and feelings about the topic.

This is a valid fear or hesitation, given that some of these young people just venturing into the world of work will be earning for the next 50+ years! They're also afraid of scams!

I did a little research and found this 10-point list, which is good up til January 2022:

1. Growing Market Share: Research from reputable sources like Statista and eMarketer consistently shows a significant increase in online retail sales year over year. This trend indicates a shift towards the Internet as a primary marketplace for goods and services.
2. Global Reach: The Internet offers unparalleled access to a global audience, allowing businesses to reach customers beyond geographical boundaries. This expanded reach opens up new markets and opportunities for growth.
3. E-commerce Growth: E-commerce platforms continue to innovate and improve, offering secure payment gateways, advanced analytics, and streamlined customer experiences. These developments contribute to the reliability and convenience of online transactions.
4. Mobile Commerce: With the widespread adoption of smartphones and mobile devices, mobile commerce (m-commerce) has become a significant driver of online sales. This mobile-first approach enhances accessibility and convenience for consumers.
5. Digital Payment Solutions: The evolution of digital payment solutions, including cryptocurrencies and digital wallets, provides secure and efficient alternatives to traditional payment methods. These advancements contribute to the reliability and security of online transactions.
6. Cybersecurity Measures: Businesses and regulatory bodies make ongoing investments in cybersecurity technologies and protocols to help mitigate risks associated with online transactions. Enhanced security measures, such as encryption and authentication protocols, contribute to the overall reliability of digital commerce.
7. Consumer Confidence: Research indicates that consumer confidence in online shopping has increased steadily, with measures such as customer reviews, ratings, and return policies playing a crucial role in building trust and reliability.
8. Marketplace Diversity: The Internet offers diverse marketplaces, from large platforms like Amazon and eBay to niche-specific platforms catering to unique products and services. This diversity provides options for businesses to choose platforms that best suit their needs and target audiences.
9. Future Projections: Industry experts and analysts predict continued growth and innovation in the digital marketplace, with advancements in technologies such as artificial intelligence, augmented reality, and virtual reality shaping the future of online commerce.
10. Success Stories: Numerous success stories of Internet entrepreneurs and digital businesses achieving significant financial success further validate the reliability and potential of the Internet as a central marketplace.

Please help me to be able to answer these young people as frankly as possible so that they can make their own decisions.

Of course, there's always the halfway house of working part-time in traditional employment while side hustling, expanding on the Internet, etc.

I am researching post-work deeply, especially for Millenials and Screen Babies, so your comments and views will inspire me to continue.

Thanks so much in advance!

PS: If I use your comments in my research, don't worry. I will respect your privacy 100% and make everything anonymous.