Published On: Wed, Jan 10th, 2018

Techvestment: The Internet’s Role In Making Money For Businesses

Since the dawn of humankind, people have been trading to make money and improve their bottom line. For the most part, it has been hard work which requires a certain amount of money, time and expertise. As a result, only the top 1% of the world’s population of the world succeeded, such as Getty, Rockefeller, and Carnegie. However, there has been a change in the last fifty years as the likes of Gates, Jobs and Zuckerberg have taken over the mantle. Indeed, lots of budding entrepreneurs have been able to make money, and it’s down to the World Wide Web.

Internet’s Role In Making Money For BusinessesBut, how has the internet facilitated this change? Why is it so powerful? Let’s take a look and find out.

Opportunity

One-hundred years ago, you would need a considerable amount of capital to start a new business. So, only the middle and upper classes could secure the money they needed to prosper. Of course, that allowed them to take advantage of the opportunities of the time and history was written. The internet has become a leveler as there is no need for a considerable sum of money to create a niche. All a businessperson need is a website and an original idea to attract traffic and advertisers. Considering hosting is dirt cheap and SEO is free, there are lots more openings today.

Education

One thing which was essential which hasn’t been mentioned is knowledge. Francis Bacon famously came up with the line “knowledge is power,” and he is right. Without a certain level of education, entrepreneurs can’t keep up with industry trends. As a result, it’s almost impossible to foresee a niche or an area for expansion which could lead to a healthier bottom line. Plus, there is the fact that regulation can destroy a business if neglected. Thanks to today’s web presence, companies can learn about debt relief or video marketing without breaking a sweat. The world is at your fingertips, and if you use it properly, there is nothing you can’t learn. Don’t forget about online courses, too, which provide remote learning.

Accessibility

Even if you have the money, skill, and knowledge, you still need the tools to invest. The Web is the perfect resource as it opens up a range of investment prospects. In fact, the internet is that powerful that is has new opportunities which are solely online-based. Bitcoin is a cryptocurrency and the shares are currently retailing at $15,000 per coin on the stock exchange. Anyone who mined it and still is mining it stands to make a fortune. And, it isn’t only open to people of means because anyone can figure out the algorithm.

Connection

The dynamics of the business industry haven’t changed, and people with contacts still do better than those without. Where the internet has made a difference is in its ability to bring people together. With the help of social media, an entrepreneur can find new acquaintances without meeting face to face. Twitter and Facebook are useful, yet LinkedIn is easily the best tool for modern businessmen and women.

The Web does have negatives, but the positives outweigh them significantly at this moment in time.