Why the Online Backup Industry Has a Bright Future in a Bleak Economy

It’s going to get better; it’s got to get better! Be hopeful, have faith in our country, trust in our legislation.

I guess that’s all well and good, but what about the now of it all? I was reading an article written about the results of the US Federal Reserve’s survey of regional economic performance. On the one hand, you have Nobel Prize-winning economist Paul Krugman saying the recession could be over by the end of the summer. The end of the summer is near in sight! The end of the summer is doable, we can pull together and all hold hands and play like a team and get out of this nasty recession! I like that guy.

On the other hand, you have pretty much all the other economists telling Mr. Krugman to take off those pretty rose colored spectacles he’s using to reading the Fed’s Beige Book with and be a little more realistic. Like 2010 realistic. In that reality, many large companies cannot withstand to last until 2010.

So, if going into business right now sounds a little cuckoo to you at first, you’re not alone. However one of the biggest drags on the economy right now is unemployment. So if you have lost your job or are unsure about the future of your job, perhaps it’s time to put some of those stored creative ideas you’ve had into fruition. Trust in yourself. Trust in the highly skilled talent that’s available right now. Trust in knowing how prepared you are already to be business owner going into a new endeavor with frugality.

The backup business has been an excellent idea for a start up since its conception. With the right technology it can produce quick ROI with a very low overhead; its automatic design allows you to focus more on sales rather than administration. And with the big boys out there spending oodles on advertising, the public is aware of the need to have a contingency plan for their irreplaceable data.

More and more computers are coming online everyday with more and more data being created every second. There are niche fields that are a perfect target market that haven’t even been tapped into. In an economy with no guarantees we can’t guarantee you’ll become a millionaire as an Online Backup business owner, but we can guarantee an opportunity.