- Internet economy and economic growth
- The economic activity of the Internet is larger than the entire economies of Spain or Canada.
- Global Gross Domestic Product of the Internet
- The competition on the Internet is fierce.
- The Internet is a strong contributor to wealth.
- Where to start?
- Leverage the power of the Internet
Internet economy and economic growth
Anyone can build a web site-and many do for very good reason… because i can be profitable. It wasn’t that long ago that web sites were strictly for geek’s—men and women who spent their days living in the virtual world of the W3. But things change quickly on the world wide web and today, anyone can build a web site-and many do for very good reason… because it can be profitable. Economic growth in the last two decades might well be related to the Internet.
The economic activity of the Internet is larger than the entire economies of Spain or Canada.
A group of researchers is trying to put a value on the Internet’s contribution to the global economy—and they think it’s larger than the entire economies of Canada or Spain. McKinsey Global Institute released a study that claims the Internet accounts for approximately 3.4% of economic activity in 13 of the world’s largest countries. The study found that in 2009, the Internet contributed about $1.67 trillion to global gross domestic product. That inches just slightly past the entire GDP of Canada, which came in at $1.34 trillion that same year, and the $1.46 trillion economy of Spain.
Global Gross Domestic Product of the Internet
It is estimated that 2 billion people now use the Internet and that Internet users exchange $8 trillion each year through e-commerce.
“In two decades, the Internet has changed from a network for researchers and geek’s to a day-to-day reality for billions of people,” the study said. And while the Internet’s impact has also killed some jobs, it creates about 2.6 jobs for every one destroyed, McKinsey said.
The competition on the Internet is fierce.
If you’re just starting out in the world of e-commerce and you want to build a site, welcome to the shark tank. The world wide web (W3) is the fastest growing, most competitive and most exciting marketplace in the history of buying and selling. The world wide web is also the place entrepreneurs have the opportunity to actually build a successful business for just a few bucks. The W3 has changed everything, which is why you’re thinking of diving in.
This is your marketplace and it’s “raw-meat” fierce on line. So, if you don’t yet have a web site, get ready for the ride of your life! There are close to 130 million web sites on line at the moment and every day, 6,000 new web sites launch, creating entrepreneurs by the thousands. The world wide web is a great way to take control of your professional life (you’re the boss) or to add a few bucks to your household income each month while you keep your day job.
The Internet is a strong contributor to wealth.
- The reach of the Internet is big and continues to grow each year.
Companies using the Internet with high intensity grow twice as quickly as low-intensity Web companies, export twice as much as they do, and create more than twice as many jobs.
- The Internet is still in its infancy, and there is tremendous room for continued growth. In advanced countries such as Sweden and the U. K., the Internet accounts for roughly 6% of GDP. But in 9 of the 13 countries, its contribution is below 4% leaving room for still more growth in e-commerce within those economies.
- The Internet is a critical element of growth. In mature countries, the Internet accounted for nearly 10% of GDP growth over the past fifteen years. Meanwhile, over the past five years, the Internet contributed to 21% of GDP growth.
- The maturity of the Internet correlates to rising levels in the standard of living.
- The Internet is a job creator. Although the Internet has destroyed some jobs, it is calculated that for every one job destroyed by the Internet, 2.6 jobs is created by the W3.
- The Internet leads to modernization of traditional activities.
- The Internet generates remarkable consumer surplus and substantial value for users.
Where to start?
You know them, you love them, you use them every day. Search engines: Google, Yahoo, Ask, Bing, or if you’re in China, Baidu. Search engines are the address books of the world wide web. Yes, we all know that. But if you do not yet have a web site, you may be wondering where to start. Well, if you don’t know anything about the world wide web, that’s the place to start. The Internet works, but how do business owners know how it works? How do you connect to it? Search engines are a huge concern for many business owners. How do search engines, like Google, rank your site on search engine results pages (SERPs), for instance? Read more at our blog – top 10 tips for website launch.
Leverage the power of the Internet
Armed with this important data, business leaders should put the Internet at the top of their tactical agenda. Business owners should constantly try to identify up-and-coming Internet trends. Because most businesses face competitors who have already capitalized on the power of the Internet. The effort spent monitoring Internet trends for business is can increase the impact of business goals.
The Internet appears to be everywhere. It’s in our daily lives, in our purchasing decisions. Our planning and decision is impacted by the Internet. However, until recently the economic impact of the Internet has been somewhat unclear. Growth of businesses are impacted by the Internet. Brands, national economies, and even the global economy itself are strongly related to the Internet. Business owners must not lose sight of long term objectives. The Internet could very well safeguard economic health of a business. A strong Internet presence can add to the overall strength of business. Green hosting is one thing that will easily make your brand stand out among the other “fish”. And, after all, isn’t that one of the biggest hurdles — getting your brand to stand out?