Internet Vital for Small Businesses

• Posted: Monday, April 16, 2007
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• Author: pradhana
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• Filed under: Internet, Internet Advertising, Online Advertising

Two-thirds of all small business owners use the Internet several times a week for business purposes, according to the "Wells Fargo/Gallup Small Business Index" from the Gallup Organization and Wells Fargo.

More than a third of small business owners said that losing the Internet would have a major impact on their businesses, and 18% said it would put them out of business.

Small business owners use the Internet for business and personal finances. Three-fourths of small business owners get business advice online. Other uses include online banking, social networking, advertising and marketing, and payroll management.

Over 40% of small business owners have their own Web sites, used for advertising, getting feedback and communicating with customers, suppliers and employees.

About a third of small business sites take reservations or orders. Only a fifth accept payments for products and services. [eMarketer]

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