Hard Times Hitting the Tech Sector

It seems that the bad economy is also hitting the tech sector, or at least where web content is concerned.
Lets face is, when times get tough, first come the necessities then comes the socializing, etc.
And since these sites ultimately make money by serving ads, they’re double screwed.
Creating software, content and maintaining it is expensive.

Unless you open source it and host it on something like sourceforge or a free app hosting service and hope it sticks to the masses one day, your still investing time in it.
A few years back I started coding a shopping cart system.
Mainly used for paypal and c.o.d. orders on a music merchandise site.
Since it worked pretty well for us, I decided to add a few modules to it, (affiliate, publisher, etc.), and sell it on profitcode.net.
Right now I do not have the time to maintain it (have to work a full time job), so I had to put it on standby for a while. Fortunately, the only person I layed off was myself.
It didnt stop me from coding, i just moved on to another project and still deciding if i should pretty package the cart system with an easy installer etc., and spend more time on it opensource/not shure.
These companys that are letting go of dozens if not hundreds of employees do not have that option.
Lets just hope that this bad economy thing blows over quickly, its been a rough couple of years.
For all you coders and entrepreneurs out there, heres a little bit of inspiration.

One Comment to 'Hard Times Hitting the Tech Sector'

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  1. I must say this is a great article i enjoyed reading it keep the good work :)

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