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eBusiness: the fusion of business and the digital age!

eBusiness is combining both business and the digital age and putting them to work for you!

As mentioned before, most of the original “.com’s” of the 1990’s disappeared as quickly as they arrived. Much of this had to do with the fact that many of these companies were still thinking too conventionally. They weren’t quite catching on to the concept of what digital media could do for them. They were not putting enough of that “e” in their e-biz. So what are some ways to really take advantage of that “e”?

To effectively plan a successful internet business, we must identify and reconcile two seemingly obvious, but very important variables: 1) the nature of business, and 2) the nature of the internet. We are all fairly familiar with what business is even if only in a basic sense, so I won’t go too deeply into this, but if you think about it in an extremely reduced way, business in its most basic sense is nothing more than an avenue for simple exchange. That is all it has ever been for millennia now. Sure, we no longer swap furs, wives, horses, or grain, but just because we swipe or tap plastic cards today instead doesn’t mean we aren’t basically doing the same thing our ancestors did thousands of years ago. Someone has something I want, I give them something I have/they want in exchange for that item. Pretty simple. Remember this: our primary function and objective with our e-business is to exchange some sort of “commodity”, our product, for revenue. Now because we want to conduct this exchange over the internet, we have to reconcile this with that second variable, the nature of the internet.

One cannot simply exchange any old product or service over the internet alone (at this point in time anyway), so we must identify the types of commodities (or at least some form of these commodities) that can lend themselves to being electronically exchanged over the internet. Luckily for us as online business owners, what we want (money) is extremely easy to exchange over the internet and is done all of the time. The new dilemma is figuring out a clever way to give our customers what they want over the internet as well! This can be a little tougher to figure out at first, but it just takes a little bit of creativity. Once you get a feel for it, the ideas will just start flowing! Examples of items that we can exchange electronically at this point in time would include information, communication, media (video and sound), software, and even money! Now all we need to do is think of new and creative approaches to improving some of the ways we are doing things conventionally now!

 

 

 
 

 

Read our book "How Ordinary People Make Extraordinary Money Online" to find out how this kind online business and lifestyle of true freedom can become possible for you! You don't want to miss out on the insights laid out in this amazing book!