We have seen many millionaires being created overnight with IPOs and the privatization of many large state own companies in China. However, it is not just companies but also private individuals. In fact it has never been a better time to have a millionaire dream.
“Think And Be Rich”, is it really possible? If you look at the number of millionaires in the 80s, you would realize that the numbers jumped by more than 400% in the 90s. That figure has swell to more than 2000% in 2000. Every year, though we see more and more millionaires and billionaires being born, we have also seen a drastic increase in the number of bankrupts around the world. The credit card debts are believed to be more than one Trillion Dollars, according to a research done back in 2004.
Compounding interests are no longer a major factor as banks are not offering as high an interest they used to provide. So what have all these new millionaires and billionaires have in common? They have ideas. Ideas that impact day to day lives of most people, especially the young that are technology savvy. We have seen MySpace, Skype, YouTube and many others technology companies make it big by altering their business models. In the past, investors’ exit strategies were to get IPO but in recent years, their strategy has been to provide a complimentary service to the large IT players in the market so that they would eventually be snapped up. These are all multi-billion deals.
How about the individuals? How can they take on this evolutionary trend and compete with the big boys? Can they really “Think And Be Rich”? What can they do to level the playing field? The answer is Internet Marketing. Anybody on the internet can actually “Think And Be Rich”. All they need to do is just to have an excellent idea. In fact there has not been a better time to participate in this ever growing market. Hosting & domain registration is cheap, Autoresponder is reasonable and video streaming is no longer an issue without purchasing expensive video streaming licenses from Real, with the introduction of formats like SWF, FLV as well as YouTube.
One thing an internet marketer can look at would be following trends closely. We have seen in recent months the offloading of stocks at major Telcos’ such as Shin Corp and PCCW. It is actually a pretty straight forward decision. WIMAX have already created such an impact in most part of the world that it is going to hit it big world wide. Intel has been a prime mover for this technology and in less than 24 months, all laptops are going to be WIMAX enabled. But just why isn’t WIMAX taking off in a big way? It all lies in the decision by handphone manufacturers to block the adoption of WIMAX due to bureaucracy reasons after Telcos had spent Billions bidding for 3G licenses. Trust me, when WIMAX is available on all laptops the Handphone manufacturers will have to cave in. Traditional media will take a big hit.
Ideas are dime and dozen. You just need to be sharp to identify them. Do you have what it takes? Can you “Think And Be Rich”? It’s possible if you think hard enough. |
