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Midphase National Survey Finds Recession Affecting Nearly 60% of Small to Medium Sized Online Businesses

August 25, 2009 by · Comments Off on Midphase National Survey Finds Recession Affecting Nearly 60% of Small to Medium Sized Online Businesses 

MidPhaseWeb Host ServicesCHICAGO – Midphase, Inc, a premier provider of turnkey web hosting solutions, found that nearly 60% of their SMB customers had been affected by the recession with 58% indicating a revenue drop from between 5% to over 60%. One of the main reasons cited by 46% of this group is the challenge in finding new customers.

Midphase surveyed over 3,000 of their customers and currently hosts over 120,000 websites. “We feel this is a true cross section of American Internet users,” says Marc Bollinger, Midphase General Manager.

The statistics indicate that many people are dealing with the recession by creating new revenue streams specifically through online businesses. The Midphase survey found that 60% of respondents are supplementing their existing income with a web presence. This fact is supporting by the finding that 47.7% claim that their web presence will represent less than 10% of their income.

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