An estimated 90% of Americans today use technology on a regular basis, and according to Pew Research, that’s up 50% from the early 2000s. To break it down further, 77% of Americans own at least one smartphone, 70% of Americans use social media, and 50% of Americans own a tablet computer. As these numbers are expected to rise, the need for service, sales, and online solutions will continue to be essential. So, deciding to buy a technology business or another online business that may be for sale could be the perfect solution for your business and financial outlook. The technology industry today is incredibly vast. It encompasses a variety of subcategories including Business Productivity Software, Clean Technologies, Computer Services, Electronic and Online Entertainment, Power and Fuel, and even Water Systems. Amazon and Google may still be the top-ranking ecommerce businesses with $300-500 billion in annual revenues, but the biotech company, Thermo Fisher Scientific, is no slouch with its $52 billion annual earnings.
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Granted, buying an Internet business that’s for sale isn’t a guarantee that you will star in your own rags-to-riches story, but there’s no reason to think that’s a pipe dream either. All technology subcategories currently have impressive growth rates. The social networking sector covers new and existing online social networking properties and has a 38.4% annual growth rate. E-Commerce & Online Auctions sports a 12.3% annual growth rate and focuses on the sales of manufactured products such as homewares, clothing, and computers. And even the digital advertising agencies sub-industry, which covers fewer than 8,000 businesses nationwide, has an impressive 13% annual growth rate. These are great options to consider if you’re looking to buy a technology business. According to Business Insider, online shoppers spent $385 billion in 2016 and that number is expected to rise to $632 billion in 2020.
Many online and technology businesses are easily operated from home, and 70% of home businesses succeed within their first three years of operation. Furthermore, 20% of home businesses make anywhere between $100,000 and $500,000 annually. So why wait another day to buy an online business? Browse our site now to learn more! Sources:. https://www.incfile.com/blog/post/shocking-us-home-based-business-statistics/. Auto, Boat and Aircraft.
Chemical and Related products. Clothing and Fabric. Electronic and Electrical Equipment. Energy and Petroleum. Food and Related products.
Furniture and Fixtures. Glass, Stone and Concrete. Industrial and Commercial Machinery. Lumber and Wood Products. Machine Shops and Tools. Medical Devices and Products. Metal Products.
Mining. Packaging. Paper and Printing. Rubber and Plastic Products.
Signs. Other Manufacturing More Options Hide Options Non-classifiable Establishments.
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