Internet entrepreneurship “What you want, when you want …” Internet entrepreneurship
What is an internet entrepreneur? An Internet Entrepreneur is someone who: spots an opportunity, creates a new business, and makes lots of money online, of course!
Let’s travel back in time to 1969
1969 Man on the Moon Woodstock Vietnam War, and … Birth of the Internet
1969 – The first internet message LO
Arpanet 1969 October 29, 1969: Computers at Stanford in San Francisco and UCLA in Los Angeles connected for the first time Charley Kline November, 1969: Computers in Santa Barbara and Utah were also connected
1970 – arpanet reached east coast 13 connections
75% of all network activity 1971 – email invented 75% of all network activity
1973 – connections overseas Hawaii, London and Norway connected
1973 – file transfer invented
1983 – us military – milnet network ARPAnet (Academic) & MILNET (Military)
1984 – domain names introduced An easier way to identify and locate websites
1989 – world wide web proposed Tim Berners-Lee
1990 – first commercial isp Dial-up, slow speed
1991 – first web page published
Amazon and Echo Bay have first online sales 1995 – birth of ecommerce Amazon and Echo Bay have first online sales
1996 – 45 million internet users Internet in homes, ecommerce grows
2012 – Global internet map
2013 - 2.2 billion internet users
An internet entrepreneur’s story ‘How can I be a millionaire?’ Alex Tew, UK student Idea: To sell advertising space on a webpage Investment: 50 Euro (~$65) Status (August 26, 2005) penniless Status (January 11, 2006) millionaire Earned US$1,037,100 in 5 months
The million dollar homepage http://www.milliondollarhomepage.com/
The ‘dying’ web phenomenon By March 2014, 22% of the web links on the Million Dollar Home Page were ‘dead’. 675 of the 3066 links no longer linked to live websites. Of those links still working, quite a few no longer link to the original businesses – instead, they redirect you to pages of advertising now owned by ‘domain squatters’.
Another teen entrepreneur
famous internet entrepreneurs Steve Jobs, Apple, $10.2 billion Bill Gates, Microsoft, $66 billion Julian Assange, WikiLeaks, $1.3 million Mark Zuckerberg, Facebook, $9.4 billion
Even this guy Made $170 Mil in 3 yrs
More internet entrepreneurs Jeff Bezos, Amazon, $23.2 billion Sergey Brin & Larry Page, Google, $37 billion combined
More internet entrepreneurs Pierre Omidyar, eBay, $8.2 billion Andrew Gower, Runescape, $680 million
Money for old rope on ebay A length of "smelly, useless" old rope has been sold in an internet auction. IT specialist Paul Fretter said in his advertisement: "I've heard of people getting money for old rope, so I thought I would try to see if it was true." The auction attracted 26,000 visits and around 25 bids. The metre-long rope was in a 1st Norwich Sea Scouts' storeroom and the $45 raised from the eBay sale will go to the group.
They became millionaires too …
You can even try it yourself http://www.cafepress.com.au
So what is internet entrepreneurship? IT IS YOUR PASSION!!! Finding solutions to existing problems or improve something that already exists. See an opportunity & take it LOVE IT, PLAN IT, DO IT!
What makes a good ecommerce site? The site is easy to read It is easy to navigate around It is easy to view It is quick to download There are no dead links
What makes a good ecommerce site? The site uses fresh and up to date material The site contains clear and to the point information The site has considered its audience It is easy to contact the company Payment for products and services is easy and safe
Website evaluation Activity Manchester United http://www.manutd.com Brainpop http://www.brainpop.com FabricLand http://www.fabricland.co.uk Rebel Sport http://www.rebelsport.com.au Control Driving Skills http://www.drivingskills.on.ca Score each of these websites out of 10 for each of the ‘good webpage’ criteria
Sales pitch A sales pitch is a planned presentation of a product or service designed to initiate and close a sale of the same product or service
Design it, sell it … Think of a product or a service which is unique Design the homepage of a website for it Use the criteria for good commercial website design Present a sales pitch for your product or service