Let’s get out crystal ball and see what is becoming apparent.In North America statistics are such that soon more then half of all homes will have access to internet. The thought of this must just tickle Bill Gates to bits. The computer Guru not only will be in forefront of this development but he (through Microsoft) often creates very scenarios that ultimately make him even richer.
I like this guy (most of time); he is so powerful that on any given morning he can come to his office and decide how to change world that day. Watch closely as Microsoft will move into direction of controlling and building new information highway. New… because old one is too slow. Fiber-Optics is new accepted minimum standard. Next stage will be wireless, direct satellite, high speed connections. (Just like satellite cell phones)
This where my crystal ball tells me to watch out because new Highspeed info highway will allow almost everyone to experience internet in an interactive way that will compete with real world. Only Super Highspeed can do this and not just available in metropolitan areas only. Once we reach that pinnacle of highspeed access available anywhere (even in third world) a few things will change significantly.
When rural farmers can go shopping in a virtual mall and have fun doing so, we will see explosive growth in online industry. Even recent threats of terrorism make it a more viable choice to shop while at home. The internet connections will be such that going to mall will be totally interactive………try on clothes…test drive a car on line on a virtual road…….experience sounds, sights and excitement of an on-line community that can offer everything on demand.
When you are an entrepreneur that looks at investing, you would pay particular attention to future trends. You would want to get there early and have everything in place to ride wave. Some said e-commerce had peeked and recent .com market crash was proof that wave had crested. While many companies experienced serious losses it should be seen as a much needed re-alignment and reduction of terminal hype.
The reality is that Internet and its vast network of opportunities are just getting started. We are seeing a new acceptance of conducting commerce on internet. Security issues are being addressed constantly and general public is becoming more comfortable with on-line financial transactions. Bill payments are made on-line at such a rate that Banks are redesigning their branches with a focus away from over counter service.
All in all it looks like we still are only at start of explosive growth with global changes to consumer buying habits.
Now we are back to predicting future of on-line business and in particular Home Based On-Line Business. Skeptics have said for quite a while that it had been milked dry. These same folks usually were burned or given a litany of false promises. Unfortunately there have a lot of people that fall in that category. When I look at industry as a whole I see a transformation taking place that is driven by sophistication and high technology. Hype no longer does it alone. The MLM (Multi Level Marketing) promoters have run out of unsuspecting prospects. The ‘Amway’ age is over. The new successes are much more based on EMM (Exact Method Marketing)