davywavy: (Default)
davywavy ([personal profile] davywavy) wrote2008-12-18 10:51 am

(no subject)

Well, the media is full of the collapsing currency and general economic woes, but for most people I talk to life just seems to go on as ever.

So - question for today. How are you being affected by the credit crunch? Are you making personal economies? And those of you in private industry, what are you seeing of the downturn?

[identity profile] davywavy.livejournal.com 2008-12-18 12:40 pm (UTC)(link)
Which industry is that?

[identity profile] madwitch.livejournal.com 2008-12-18 12:48 pm (UTC)(link)
I work for a business ISP. Hosting services and the like.

[identity profile] davywavy.livejournal.com 2008-12-18 03:08 pm (UTC)(link)
So where have your additional margins come from? Is this a market shift in reaction to the economy?

[identity profile] madwitch.livejournal.com 2008-12-18 03:09 pm (UTC)(link)
New customers, product sales, etc. We just underestimated by a lot.

It helps that our main competitor is having problems, as they went public earlier this year and are now in share freefall hell. People are coming over to us because they're not getting the service they used to with them.