What is the online shakeout?
Many companies have started online since 2001. Since the start of the Covid-19 pandemic and even after the democratisation of AI and the tart of The Great Ai-layoff in 2022, more corporates, startups, scaleups & SMEs have been forced to take that step with varying success. However, many existing and new online businesses do not get off the ground online. Why not?
Because there has been an online shakeout going on for a while now. And that’s what you run into as a online freelancer, startup, scale-up and other SME companies, just like many corporates. Senior maangers, and independent business owners are faced with fierce competition in the online platform economy when they want to start, grow and scale online …… and also when they need to survive in times of crisis.
What is the online shakeout?
“The online shakeout means that there is a very intensive online competition underway and that many existing and starting online business owners will not be able to make money online and will go bankrupt”.
‘The online shakeout’ is a term we have used in the digital economy since the start of the Internet revolution in 2001 to describe the online world, ‘the marketspace’.
More: What is the on-demand economy?, What is the online gig economy? & Survival Strategies For Corporates
That online shake-out basically threatens all large & small companies online in any virtual market and/or online niche market, but also offers many opportunities for those senior managers and online entrepreneurs who see it coming and anticipate the relevant online business trends based on the needs of specific groups of customers.
Want to know more about how YOU can survive the online shakeout and earn money online by quickly choosing the right digital survival strategy and implementing it quickly? Make an appointment with me now using this form.
Best regards
Tony de Bree
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