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Internet entrepreneurship
“What you want, when you want …” Internet entrepreneurship
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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!
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Let’s travel back in time to 1969
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1969 Man on the Moon Woodstock Vietnam War, and …
Birth of the Internet
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1969 – The first internet message
LO
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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
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1970 – arpanet reached east coast
13 connections
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75% of all network activity
1971 – invented 75% of all network activity
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1973 – connections overseas
Hawaii, London and Norway connected
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1973 – file transfer invented
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1983 – us military – milnet network
ARPAnet (Academic) & MILNET (Military)
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1984 – domain names introduced
An easier way to identify and locate websites
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1989 – world wide web proposed
Tim Berners-Lee
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1990 – first commercial isp Dial-up, slow speed
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1991 – first web page published
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Amazon and Echo Bay have first online sales
1995 – birth of ecommerce Amazon and Echo Bay have first online sales
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1996 – 45 million internet users
Internet in homes, ecommerce grows
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2012 – Global internet map
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2013 - 2.2 billion internet users
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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
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The million dollar homepage
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The ‘dying’ web phenomenon
By March 2014, 22% of the web links on the Million Dollar Home Page were ‘dead’ 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’.
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Another teen entrepreneur
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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
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Even this guy Made $170 Mil in 3 yrs
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facebook
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More internet entrepreneurs
Jeff Bezos, Amazon, $23.2 billion Sergey Brin & Larry Page, Google, $37 billion combined
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More internet entrepreneurs
Pierre Omidyar, eBay, $8.2 billion Andrew Gower, Runescape, $680 million
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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.
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They became millionaires too …
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You can even try it yourself
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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!
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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
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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
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Website evaluation Activity
Manchester United Brainpop FabricLand Rebel Sport Control Driving Skills Score each of these websites out of 10 for each of the ‘good webpage’ criteria
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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
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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
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