The year is 2011 and we as humans are constantly evolving. I think my theme to this post is constant information. I know my blog seemingly harps on Facebook and now twitter, more often then not, but that’s because I tend to view things that are successful with more attention then things that aren’t. These sites are tremendously popular because they provide a network of constant updates. People want to be constantly informed about up to the minute details. 20 years ago it wasn’t possible to find out news until some TV network let you know about it. 10 years ago it was up to websites to produce news using the internet as its medium and you needed search engines to help you find that news. Now you have these sites with hundreds of millions of users where anyone, anywhere can fill you in on some news somewhere AT THE TIME IT’S HAPPENING. The speed at which things happen nowadays is just mind boggling.
Now combine this extensive network of information with a social aspect and you have companies like facebook valued at a 50 billion dollars. People can’t even put a value on it because creating a network of 600 million people is unheard of. Why is it so successful? People love the attention and they love the feeling of updated information. I’ve been using twitter and after using it, I feel the need for constant updates from a wide variety of bullshit. My mind constantly wants to be filled with new information whether it be about the latest celebrity’s lifestyle, the newest music video, or the most recent news about Osama. These websites make it so I don’t have to pass the time watching re-runs of Saved by the Bell. I’m actually learning and keeping myself up to date with society. It’s almost information overload because there is so much crap in between things that are actually pertinent.
When I was younger things didn’t really strike me the way they do today. Years ago it was like, here’s a site called facebook, I can find friends, this is pretty neat. Now it’s like, here’s a site called facebook, it has 600 million users, it’s value is 50 billion dollars, how can I capitalize on its success and why is it so popular? I like to think, this is the present, what is becoming the past, what is the future? Google, Apple, Facebook, Twitter are the names of the present. The past are companies like BestBuy, AOL, Blockbuster, Rimm. Now answer this next question and you’ll never have to work again. What companies are going to be the wave of the future? What are the next technologies that are going to shape the way the world exists? Finding these answer and investing in these companies makes the idea of working an afterthought. You can actually be just as successful if you can pick companies with outdated technology that are going to fail. Take BestBuy with it’s array of Cd’s and Blue Ray discs. Who wants to have inventory of that when people are streaming data from NetFlix and Hulu. ByeBye BestBuy.
People will continue to shop using the internet until it makes up more than physical shopping. I want to give you an idea that I still think it brilliant. I came up with the idea of a I Want It Now store. Basically you request and item and it’s brought to you within, say the hour. This concept is going to happen sooner than you think. Come up with a network that can produce goods to people within one hour and you have yourself a business concept that I assure you will catch on.
Leave a Reply