In a very similar fashion to the way that the industrial revolution re-shaped the financial world of business, we have seen the next great revolution begin to take shape over the last few years. Unlike the last one however, the gain is there to be had regardless of geographical location and levels of accessibility.
Before the Internet became the main medium through which people communicate, it was extremely difficult to compete nationally, let alone world wide in any business field. The only methods of advertising were all very expensive; TV and radio, national newspapers or magazines (usually for a niche target market anyway) or an ad in the yellow pages. All of these methods are very expensive, but were a reliable advertising method, until the Internet exploded upon the scene.
At many times in the history of commerce, it has been the businesses that are able to keep on top of new, emerging technologies and adapt their practises to them quickly and effectively, that stay a step above their competition and ultimately, succeed where others fail. Pioneers have led the way on many occasions, such as Henry Ford who almost single handedly invented the mass production line, and by the same hand, massively improved product consistency and quality, severely cut his costs and gained a huge advantage over the competitors, helping to guide the Ford Motor Company through harder times.
The difference between the companies that adopt new technologies and those that are set in their ways is often profound. Now that is more true than ever as the opportunities for advancement come at an alarming rate.
The Internet has removed the barrier to entry that had previously stood in the way of many would be entrepreneurs. Many good ideas have gone to waste due to a lack of financial backing. With the advent of the Internet and especially Google, that financial barrier behind which many large corporations hid has now disappeared.
A quality sales funnel website will attract thousands of people, looking to buy your product, to your site, for a tiny fraction of what an advertising campaign of that magnitude would have cost before the Internet. A quality website costs next to nothing to have made and around two years of search engine optimisation might cost you 5,000-10,000, and could drive billions of people to your site.
Although we have all become accustomed to the Internet’s massive presence in the world of commerce, it is still in it’s infancy. Around 98% of online information isn’t accessible to strangers because it is unreadable to search engines. It is for this reason that, despite the power of the Internet, many good ideas are still going to waste. Search engine optimisation has only recently come to light amongst the public, so what will the Internet be like in 10 years time?
The organisations who adapt now to the technological advances at hand, will be the ones that are on top in 10 years time.
The world wide web is a truly brilliant gateway of opportunity for everyone and anyone with a good idea and a small pocket of cash for a website to turn their idea into their trade.

July 15th, 2009
Finbar Minstrel
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