Welcome to SFI's revised Internet Income Course 2.0! The Course is designed to give thorough and informed step-by-step lessons on setting up your internet based business. It is anchored by George Little, where he uses simple and plain language to pass the information across. The courses are continuously reviewed to meet up with the changing times.
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Find below an excerpt from the course:
Lesson #1—The Continuing Potential Of Internet Income
WHAT YOU WILL LEARN
In this lesson, you will learn the three factors which assure us of continued exponential Internet growth. These three factors are:
- Moore's Law
- Acceptance of digital environments
- Convergence
MOORE'S LAW
Moore's Law describes the falling cost of digital technology.
When my daughter was born in 1980, the price of the memory chip for a
home PC was $1,000.00 (not the whole PC, mind you, just the memory).
When my daughter was one year old, the same amount of memory cost only
$500.00. When she was three years old, the price was $250.00. When she
started the first grade, the same amount of memory cost only $62.50.
When she graduated from high school in 1998, the price of that same
amount of memory had fallen to less that $0.25. When she began her
junior year in college, the cost for the same amount of memory as in
that original PC was just pennies. I assure you that nothing else we
have purchased over her lifetime has decreased in cost anything like
that! We, of course, upgraded the amount of memory we used over the years. Each time we upgraded, we spent about the same amount of money but got more and more computing power. So, what really happened was that our computing power increased by four times every three years for the same cost.
Gordon Moore, one of the co-founders of Intel Corporation, made mathematical observations in the 1960's of the engineering practices which allowed miniaturization in semiconductor technology. This miniaturization applies to processors and other computer components as well as memory chips. What he observed mathematically is that computers can be made four times more powerful every three years for the same cost. Some argue that this same formula has held true for a full century, if you include the mechanical computers of the early 1900's and the old-fashioned transistors that followed.
If you knew that you could get four times more raw materials every three years with no increase in cost in a given business, would you want to get into that business? The overwhelming answer everywhere is, of course, a resounding "yes!"
All businesses, even traditional brick and mortar businesses, must market their goods and services. Because businesses look for the lowest cost to perform their processes, more and more marketing information and marketing processes, even for brick-and-mortar businesses, has become digital.
Moore's Law ensures that Internet businesses, especially Internet marketing, will continue to grow and flourish at an astounding rate. Will Moore's Law continue to hold true in the future? Can engineers keep making computer chips cheaper? Intel's engineers assure us that Moore's Law will continue to operate for several more device generations, if not indefinitely.
ACCEPTANCE OF DIGITAL ENVIRONMENTS
The next factor that ensures continued growth for Internet businesses is the acceptance by consumers of digital environments. People have taken to Cyberspace. Despite the many predictions to the contrary, people have warmed up to digital environments with enthusiasm. Many Web communities have been formed and their participants report feeling all warm and cozy in those digital environments. Participants have developed a strong sense of identity with the digital communities such as Twitter, Facebook, and others. As Moore's Law has continued to operate over the years, technology has become more and more capable of producing engrossing digital environments in which most of the world's population enthusiastically participates.
CONVERGENCE
The third factor assuring a prosperous future for Internet
entrepreneurs is convergence. Simply defined, convergence is the coming
together of separate things. Convergence has occurred at both the
industry level and the consumer level. On the industry level; computing,
communications, and media companies have merged. On the consumer level,
smart phones and smart TVs are commonplace. Consumers have combined
their phones, personal computers, and televisions into one integrated
media system. Even our money has become digital, as we have automatic
bank deposits of our earnings while we buy things with our smart phones
or the quick swipe of a debit or credit card. The Internet has so
involved itself in our personal lives, there is no turning back. We have
converged into a digital world.
THE CONTINUING POTENTIAL
These three factors--Moore's Law, acceptance of digital
environments, and convergence--assure us that the potential of the
Internet for the home-based entrepreneur continues to be nothing less
than incredible. In the digital world, the large corporations have to
compete, not just with each other but also with the home-based
entrepreneurs. The large conglomerates no longer have the exclusive
advantage. Given the low cost of computing power, individual
entrepreneurs now have at their disposal the raw materials to develop
digital products and processes and make them available to the world.
Even more importantly, individual entrepreneurs can ban together in
digital environments (such as SFI) to combine their skills and knowledge
and use convergence to their advantage in a very efficient way,
rivaling the large companies with the results.
HOW TO POSITION YOURSELF
To obtain convergence, you must bring together computing power,
media content, and information processing. To obtain the economies of
scale, you should position yourself within a digital community where
resources can be shared. Despite the low cost of computing, there is
still power in numbers with regard to media content and information
processing. To position yourself as a marketer for one of the longest
lasting and most successful digital communities in existence is without
doubt the smartest move you could possibly make right now. Having done
that, you can use your individual creativity, skills, and resources in
an environment of freedom employing the low cost computing power at your
disposal to obtain your financial goals. Due to the three factors
discussed in this chapter, there is an unprecedented opportunity
available to you right now as an SFI affiliate. You have but to take
advantage of it.
WHAT'S COMING NEXT
In the next chapter we will discuss spam and other activities to be avoided. SIGN UP FOR FREE
NB: If you are finding it difficult to locate the course after you have signed up through the above link, please CLICK HERE
SFI also provides a Course (LaunchPad) on sign up that runs you through online income for the SFI platform and others. Please the Launchpad and the aforementioned course by Goerge Little are not the same but are geared towards achieving success in online ventures
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