Why do young people generally choose to start businesses in the Internet industry?

First of all, the input cost of manufacturing industry is relatively high. A complete manufacturing industry needs raw material supply, workshop production and final circulation sales. Only by opening these industries can it survive. Many large-scale manufacturing enterprises have accumulated for decades before becoming the industry leader.

This makes it difficult for many small and medium-sized manufacturing enterprises to break through the Red Sea market because they have no scale advantage and cost advantage. It is unwise for young people to choose industries that are difficult to attack and invest.

Secondly, the manufacturing industry has low profit margin and weak growth. Many manufacturing industries in China, early textile products, have low profit margins and belong to low value-added industries. Even in recent years, with the development of science and technology industry, the consumer electronics industry has developed suddenly and excessively.

However, these consumer electronics industries are still low-profit industries, earning only processing fees and being in the middle of the industrial chain. Once the economy fails and the downstream demand drops, they will face the risk of bankruptcy. High-end manufacturing industry needs huge technical research and development funds to build its own industrial barriers, which is unrealistic for young people who have just started a business.

Third, the Internet industry and the service industry itself are becoming more and more important. For young entrepreneurs, many people will choose the Internet industry, because young people use the Internet themselves, and it is easier to perceive the habits and preferences of consumer groups and make products suitable for users.

In addition, there are no obvious bottlenecks in these industries themselves. As long as the breakthrough is found, the counterattack can be realized. If it develops well, it can also attract angel investors to invest and use capital to expand rapidly. The service industry itself is less affected by the fluctuation of economic cycle, and the relative risk is also less.

Therefore, it is in line with the current economic environment for young people to choose the internet industry and service industry to start businesses. It is not that young people are unwilling to start a business in manufacturing, but that manufacturing is more difficult to fight back. For young people who don't have enough financial support, manufacturing is suitable for employment and not for entrepreneurship. As long as emerging industries are creative and can meet social needs, the incremental market is more obvious and easier to succeed.