[sypher]

With all the current news about Banks closing, recession and stock market prices falling.

How do you see this affecting your Web Design business?

[Catalyst]

I've got more work than ever.

I had a web company during 2001 when the DotCom industry crashed along with the economy. I think you had a couple things that are different than now. One is that web companies don't have the goldrush, spend money like a rock star mentality of 2001. Even then I thought it was rediculous.

But I think the bigger thing is that a lot has changed in the way that the internet is used in everyday life and how it drives sales. A lot of companies allocated no, or a very small, budget for their web presence and didn't understand the web's role in their marketing approach. I remember the frequency of clients who didn't understand why they needed a website; that doesn't happen much anymore.

My feeling is that with the depressed economy, competition for the consumers dollar is fierce and companies are putting money into their marketing to try to win those consumers. They say the only person that gets rich in a war is the guy making the weapons. The post 2001 move toward outsourcing development to India, etc has played itself out and been shown that it's not the wonderful solution it was touted to be. And so I think it's actually a pretty good time for us as an industry, but that's just my take on it.

[sypher]

Nice post Cat

[haku]

That post made me feel better about life

[jameson]

Ditto Catalyst

Plus, we don't have as much dependence on fuel costs as a lot of other types of companies.

[Sourcesouth]

I think it's like any online business: we don't have so much cost compared with other traditional industries. So thats an advantage for us.
Besides any company that wish to have a website or has already a site Knows that nowadays having a well designed one isvery important to create their branding make sales or whatevertheir goal is.
So I think there will always be work for us

[Bullzeye Design]

I've noticed with a lot of my clients who are doing online marketing as well as print advertisement (ads, postcards, billboards, etc...) that their web presence is the most profitable area of their business. With that said, I would guess if the economy goes down the tubes, that they would start reducing their budget for print design and the other areas of marketing that aren't as lucrative for them.

In general I suppose it would depend on the situation and the client and this, that, and the other thing. I'm not too worried yet though

[seowebmayuri]

till i am getting more clients. In general it would depend on the situation. I'm not too worried yet though.

[Locksmithcharlottenc]

I would guess if the economy goes down the tubes, that they would start reducing their budget for print design and the other areas of marketing that aren't as lucrative for them.