Some updates

by Bogdan on February 25, 2009


Bogmil Company is slowly, but surely recovering from recent “sort-of” crisis.

How did we do it? Well, we decided to fight back the recession. Instead of begging the government to give us some bail out, we have decided to bail us out by ourselves :)

First, a financial injection came from some of the staff. Something like an unofficial bond. That enabled us to significantly lower the prices of our services, attracting more and more clients.

And while one side of the company was coping with how to decrease prices, what prices to put et cetera, the other side was trying to persuade our existing, and new clients that investing in website business is quite safe and is almost not affected by market downfall. True, the internet advertising companies might fell, but that does not mean that people (companies) will stop advertising; ads are like red blood cells – they’re absolutely a must.

And, since most internet websites (the ones that don’t sell anything) finance themselves from the ads, the internet website market is quite safe.

I will not say that it is at its best shape, though. Yes, the GLOBAL, OVERALL earnings coming from websites did go down. From my observation, Google has cut payout percentage and increased their own profit margin – in effort to satisfy shareholders (although it didn’t, grrr!). Less people are buying products, but, by some of my own research, if 100 people less are buying “general” goods in shops & stores, about 20 of them buy less online. So, we’re pretty much fine.

Guess what, it worked. Some of our old clients are back. We regretfully say that the other half of our former clients probably won’t be working with us in near future, because they lost their jobs :-( What to say other than “Good luck!”

I will not say that our company is at its fully capacity, because it isn’t. But we do have more work, more requests, more clients etc. Good days are ahead (hopefully).

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