Thursday, October 04, 2007
Handling Business
"I learned of a start-up that is using the Business Web to sell organic vitamins. This guy pays Yahoo! a fee every month so that anytime anyone searches for the words "organic vitamins" on Yahoo!, one of his adds pop up."
While reading the book "The World is Flat" by Thomas L.Friedman, the passage above caught my eye. It was interesting to see how technology has really evolved into what we know it to be today. Even though this is a good way to start a business and make alot of money there are alot of things to think about because in todays day and age there are so many people doing the same things. So the real matter at hand is to do it in the cheapest way that will bring in the biggest profit. The amount that it cost to produce anything can always be done cheaper somewhere in the world. So no matter how much money you think you can make by sitting at home and having an online business, you have to think at a larger scale. It is in this way and ways alike that the world is becoming flat.
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Yes, the marketplace is becoming more competitive. Are their any business which are insulated from the competitive pressures of globalization?
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