Understanding the Prosperous Intenet economy…
People are utterly confused as to how the Internet works, in terms of earning revenue.
Have you ever had an offer sent to you that says “get a free iPad”, or “click join underneath me so I can earn money” or “join this program and get paid by clicking stuff”? Maybe you have even at one point in time sent off these emails to your unsuspecting friends, family and coworkers in attempt to coerce them into making you money….
Whatever the case, this IS NOT the Internet economy. These are schemes and are very fractional components of the Internet and ones I personally do not like to be associated with or recommend.
Somehow over the years, people have grown to think that this is the path to earn money on the Internet, however, these are schemes that are driven in a similar way to those that Bernie Madoff constructed to fool people out of billions of dollars.
The Internet Economy is far from this…
It is the up and coming economy of the world, where the trading, the transactions, and usership, and the ability to set up your own business enterprise have become part of the scope.
So what is the Internet economy?
Every economy is comprised of a few components. People. Products and Services. Money. Trade.
The Internet economy is no different. It has all of these components and you can be within any of these, or a service that provides or contributes to any of these components and become quite successful.
Perhaps you are thinking that the Internet transactions are no where near that of the offline world. Well, use that is true. But it is still big and it is still growing.
The Internet economy is now worth trillions however.
Just think of a product or service that you may be involved with, perhaps it may even be your current method of employment. It more than likely has an online division or an online component that is critical to its current success, if not, it will be instrumental to the sector growth of that niche.
Even farming has become part of the Internet Economy
Every business that is offline can leverage the Internet. Many do, a lot however STILL haven’t taken advantage of this. Within this niche there is the potential for an Internet JOB.*
*I have decided that from now on I am not going to call anything on the Internet a job. Although it could be classified as a job as you may or may not be doing work for another business or company, it is actually a business. You determine your own success, and how much success you can achieve. Because of this I am going to refer to it as “Internet Solution Opportunity” or ISO for short.
Most business can in fact bring a whole division of their business online. Many haven’t and have died because of it. Look at some of the biggest bookstores that have gone out of business, most recently Borders in the United States.
They were fools. They had the upper hand…they had the framework, the partnerships, and the computer systems that just needed to be turned into a web store and a web application and there may be no Amazon.com today, the world’s largest book seller and the the offline bookstore killer.
But this also pisses some people off. They think that Amazon is a job killer, when in fact they are a huge job creator. The technology behind their store has created an incredible amount of jobs. Their current workforce is over 43,200 employees!
This is just the half of it though…
Their domestic and International shipping has created jobs. And their store framework that any seller can plug into has been a hit and has made many local mom and pop shops far more successful.
And what about the Internet Solution Opportunities?
Hidden under the most obvious service that Amazon provides (a huge Internet store), is one of the greatest suppliers of online based opportunities.
First, they have the largest affiliate program in the world. Amazon has over 2,500,000 affiliates actively promoting their program. As an affiliate of Amazon , you can promote any of the millions of products within their network without owning any of them, having to deal with the support or shipping…basically you just need a place to put their links and you can earn money.
You can join the Amazon Associates (Affiliate) Program Here
This has created UNLIMITED ISO’s. Almost EVERY single product that is for sale can be sold within Amazon and affiliates of Amazon generate over 40% of all Amazon sales.
Secondly they have a true job network, called Mechanical Turk. For a small price you can outsource the tasks you don’t want to do, or for that same amount of money, you can earn money doing little tasks like “clicking”, “submitting forms”, “submitting links”, “writing”, or “proofreading”.
You can earn seed money for your starting your online business using Mechanical Turk or you can “scale” your existing business by outsourcing your arduous tasks for quite cheap.
Lets look at another offline business the Internet Economy has killed!
Remember going to the movie store to pick up a movie when you are bored on a Friday night? What about now? You are likely paying a small subscription fee and getting instant access to 10,000′s of movies from the comfort of your home.
Thus the departure of Blockbuster and the arrival of Netflix.com. Netflix now boasts massive earnings, and Blockbuster is well, out of business. I am not going to elaborate on this in the same way as Amazon, but Netflix has also created a boat load of online based opportunities. A number of these are online through the Netflix.com affiliate program, through their popularity of movies online, through online movie review sites and informational sites…etc. I digress.
This is a sign that humanity is exercising the benefits of the Internet. It is more instant, it is more affordable, it is more connected, it is more interesting, and anything can be accessed from pretty much anywhere. I personally think it is incredible.
The fact that once “monopolized” industries are moving to Internet based economies where affiliates all have the opportunity to earn their share of the revenue is a critical component of the “business world” going forward. There are millions of independent “affiliate marketers” in this world, many of them earning a full time income online.
There is an affiliate program for just about every single niche you can imagine, even some that you may not be able to even comprehend. IT is here, it is the way of the future, and the Internet is a job manufacuture that will continue to destroy large scale offline business and create millions of new opportunities and millions of new “Internet Solution Opportunites” for people like you and I.
Drop your feedback below!
Kyle
Wealthy Affiliate Co-Owner – Top Affiliate Marketing Training Community
www.WealthyAffiliate.com
Very encouraging Kyle, I’m hoping that I can understand and make this work so that I’m a part of ISO’s and profitable part of it.
This is also one to bookmark and I intend to. Online business will move beyond the scam world it is associated with now and be the flagship model of the future. Indeed, it already is. I love computers and communication and the possibilities excite me!
But I was given some pause here. I was saddened upon hearing the suffering Amazon is inflicting on its warehouse workers. And the proof is indisputable.
It’s a shame, they’re a fabulous business model otherwise. You’d think such a forward-thinking enterprise would recoil from this kind of behavior. So some of us — the decision is deeply individual — are choosing to neither affiliate with nor patronize them until they correct their practices. I hope that happens soon, for the benefit of all including those of us who want to work with them.
I work in a warehouse myself, out of force due to the economy. My work days are hard, very hard, and they want us to go fast. But we have no need for ambulances parked outside, no one is threatened with firing for not working fast enough (unless they’re really not doing their part), and no one passes out on the job.
These people are desperate. They wouldn’t stay for one more minute otherwise.
I’m sorry to bring this up here. But someone had to. Scams aren’t the only way to hurt people, especially vulnerable people. I’ve no right to speak for anyone else, but for the time being I’ll concentrate my efforts on all the other great affiliate programs we’re hearing about. There are quite a few.
Either adapt or fall into extinction. It’s a bit sad that Borders had to close, but that’s the circle of life. Or the circle of the net, in this case.
Wow! Great article. That’s really made me think outside of the square. Seeing the sort of stats you quoted for amazon.com is amazing! The potential is limitless, I guess. Thanks. You’ve inspired me.
Amazing post and a real eye opener. Your perception is spot on! We are fastly on the road to a one – world economy. I just love the internet and get angry when anybody trash talks it. Hope it can remain stable in this unstable world we live in. And no solar flares please… lol
very good article, I like the details you went into on this article,
I am always looking for SEO information to improve my skills
thank you
We get asked questions that relate to this issue all the time, and now I know the exact article to direct them to when they do! This is a great defense of the internet economy that really clarifies what are and are not the real money-makers on the internet. Hopefully the age of scams will end soon, but since the snake-oil men of the Wild West till now the scam artists have never rested. You show that they aren’t all that is out there though. Great article
@Craig
No problem, glad I could help you out. Mechanical turk and fiverr.com are both good spots for smaller or more arduous tasks that you want to outsource.
Thanks for this wonderful post, Kyle!
I especially liked that it is not one of those doom and gloom predictions of
how the Internet is hard and complicated and can only be mastered by a few
brilliant souls.
Understanding the Prosperous Internet economy is all about adapting to change
and make it work for you.
This is something just about everyone can learn to do and that is why I so
appreciate your article.
Thanks and keep it coming!
Yvonne
Thanks Kyle, this article gets the juices moving again. I appreciated the heads up on the Amazon Mechanical Turk. I’m looking at ways to outsource and this appears to be yet another possible place to find interested and qualified resources.
Excellent post Kyle!
Maybe an online business is not that big like offline business but I still think that an online business is the best idea…
you always share something that make us think and reflect about how internet marketing works and how to be successful in this hard business… Thanks!
-Marco
The large corporations will, if one allows, strip you of your freedom. With the skills available at our fingertips we not only free ourselves, if we so choose. We reinvent ourselves in the process. Creative destruction has never offered so many opportunities.
WOW, that’s wild. I hope to get in that Internet system.
Kyle,thanks for the article. This is the best i have read in the past 5years that is very empowering. I just hope i can extend my hands over to give you a hand shake. Thanks anyway.
Most people don’t realize the opportunities on the internet or as you like to put it as the “Internet Solution Opportunity.” Then they get befuddled in the mass of scams on the internet, as I have before numerous times. Then they might have the idea that the offline world is better because perhaps more money is circulated.
The truth of the matter is, the offline world is by far the best place to go to for making money besides your local community along with your offline endeavors whenever you have that spare amount of time. Even though more money MAY be circulated offline, chances are you will never be able to have a fraction of a grasp on this type of money. But ONLINE, you have more opportunities than you can ever imagine.
Ever Since 1994, the internet has started out as a whining little baby screaming for its bottle. Since then, the internet hit around 100,000,000 people in 2000, in 2005 it steadily grew to around 350,000,000 and now it’s right around 800,000,000 people. You really have no idea how fast the internet has been growing and now is the time to take advantage of it.
So true! This is why I keep plugging away until I eventually get it right.
Great article Kyle.Engaging and informative.It was definitely full of useful information.Especially for a newbie to this industry,such as myself.I am going to bookmark this page.The information will definitely come in handy.Thank you for taking the time to write such a great article.
@tjud
Absolutely. People fear the change and that things like outsourcing is creating less jobs, when it fact it is making people and business far more productive here as it is the natural progression. The same as excel and word put the untold millons out of work, they also created millions of jobs as you stated. Outsourcing has allow millions of regular individuals to be on the same level as any business and get things developed (cost efficiently) that were never once possible.
Great article. Of intense interest to me. Even though Joseph Schumpeter was not the first, he was the first to clearly explain something that has gone on as far back as we have historical record. It is the concept of Creative Destruction. The printing press, he steam engine, the locomotive and railroads, the telegraph, the telephone, the automobile and the airplane, the PC, Excel and Word all put untold millions out of work! Only to make us more productive and create untold millions of new jobs and now ISO’s. The “old jobs” are not coming back. Once there were millions and millions of horse shoes made every year. Then, overnight, there was the automobile and the rubber tire…
Thanks,
tjud
Kyle,
This is true you are a great writer, quite correction & precise information written by you. its really true they you explain to us. its not just open the eyes but leaverage the idea of business can be think off while reading this material.
it was nice motivation and being with WA you have your tools to become successfull.
Cheers
Javed
Great article on the internet economy. I use to shop at Borders, but since it closed Barnes and Noble have purchased what stock was left and the customer base. You can opt-out by November 2, if you don’t want your info transferred. And I do believe Barnes and Noble uses Amazon.com for their online business.
Awesome article Kyle, I agree 100%
Kyle, this is a great article. People need to read this and see what really is going on. People need to know how the internet works and so n and so on.
This is a greatly written article. I know so many scams and schemes has made it hard for people to trust or believe in a community like WA. However if we keep true to our words we can help a lot of people do well on the internet through the training provided at WA.
Thanks
Dale