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July 24, 2008

Targeting very lucrative and fast growing niche market

As most of you know, we are working on preparing a white paper at the moment to introduce the Tel3 Business Plan. We will present it to you very soon. While doing the research, I found some incredible statistics that I want to share it with you.

Currently there are about one million small businesses that involved in international trade and this number is expected to double in the next decade. That alone shows the great potential and need for International Calling Service. Along with the substantial increase in smart phone sales (more than 100% increase in the last year), it is obvious that there is a very lucrative and fast growing niche market that we have great advantage of with Tel3 Business Plan due to our new developed web-based admin dashboards and Smartplug which is the best International Calling application for cell phones.

Below you can find a small piece from the white paper:

The last decade has seen substantial growth in the small and mid-sized busi­ness sector of the U.S. economy, and technology has been a major contributor to this trend. The growing digital infrastructure has reduced the costs of start­ing and running a small business, lowered competitive barriers, opened new markets and industries to small businesses.

In 2006 alone, there were more than 245 thousand exporters  and more than 754,000 importers in the US, and a big majority of them are small to medium-size companies (97%). The economic impact is impressive. The growth of exports in 2006 has been three times faster than the overall economy. Yet there is remarkable room for business expansion as businesses connect with other foreign markets. Currently only 33% of US small businesses participate in international trade per a recent study by UPS (shipping carrier), and IFTF (Institute for the Future) estimates that nearly half of US small businesses will be involved in global trade in the next decade.

 

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