Entrepreneurs of Today : How to start your online business?

Okay so heres the scenario. You've got
a bunch of super smart guys, whoz got
their fingers on the nerve called,cash - flow,
and know their worth.
An increasing %age of this generation, have
shunned traditional lifestyle called corporate
life. They've decided that the same lifestyle, 9-5,
suits and ties+deadlines ain't what they grew up for.

Hence you get entrepreneurs starting at the age of
19-20, or else self-styled businessmen, doing
part time while still in college.

Read this exert from usaToday :-

"Employers aren't offering what they want, so the young say
they'll be their own boss and start their own business."
Bureau of Labor Statistics data for 2005 show that some,
370,000 young people ages 16-24 were self-employed,
the occupational category that includes entrepreneurs.
In 1975, when baby boomers were young, some 351,000 were in that category.
While that growth over 30 years isn't striking, indicators suggest,
more change ahead. The Bureau of Labor Statistics projects,
the self-employed category will grow 5% from 2004 to 2014,
compared with 2% growth for the decade that began in 1994.

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In terms of online ventures you have webVastra.in.
www.webVastra.in is an IIT Kharagpur, India based E-commerce retail store,
which focuses on providing customized t-shirts to its users.
Customers can log on to the website and choose from various designs,
available on the site and get them printed on t-shirt of their choice.

Such extensive growth of young entrepreneurs is mainly due to the Net.
Cheap infrastructure setup, coupled with simple automation of many,
business processes using online business tools, has given a boost
to business, where sizzling websites don't betray a home-based operation.
Professionalism, home based budgets and global communication/reach at
your fingertips has allowed innovative ideas to transcend into reality.

Setting up an online store and getting affiliate products to sell in your own,
virtual distribution center, is no more a pain in the a**.
Many companies offer such distribution rights to individuals.
Upto 50% commission is paid at www.mysmallbizaffiliates.com,
for their range of excellent online business solutions.
Rich Schefren offers a free affiliate program for his
extensive range of internet business related resources.

Minimal risk, max and fast return is the new mantra.
The concept of business online goes beyond any gender bias as well,
With your virtual store working 24x7 without a hitch.

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The self-employed are considerably more satisfied with their jobs ,
than are other workers. Getting started required taking a risk.
"We were scared out of our minds," Moodie, 23, says. "We realized we're young,
and we may not know everything we need to know, but what do we have to lose?
If the business doesn't work, we'll totally get jobs like everybody else."

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Long Week!

Hi everyone, was up and working dedicatedly for
whole of last week!
Didn get time to write much or update anything.
Always wondered how buzy can a person be,
such that writing a letter becomes 2 much!
Well now I know!

Here Comes Gen Y! (Part 2)

To continue with the initial details here are some revealing facts :-

-> Gen Y account for about 70 Million customers
in US, earning total of $211 billion,
Spending total $172 billion/yr of that earning.
-> More ambitious, brand conscious & shift brand
loyalty often.
-> Exceptionally techno-savvy, know their value in the job market.

A recent survey in the US, gives this report :-
97% own a computer
94% own a cell phone
76% use Instant Messaging.
15% of IM users are logged on 24 hours a day/7 days a week
34% use websites as their primary source of news
28% author a blog and 44% read blogs
49% download music using peer-to-peer file sharing
75% of college students have a Facebook account.
60% own some type of portable music and/or video device such as an iPod.

They are more sophisticated in terms of media. Have/Make their own
CD's/DVD's. Since most of them are now 'connected' or on the
Internet, many companies now have their ads put up on the net itself.

Hence, One important factor is knowledge. And knowledge without
application is of no use.

From what is well know, brands have to change the way they reach
out to this new age generation. Of course, cutting edge technology
coupled with mass reach and appeal does work out.

One company which promises to bridge the gap is My Video Talk.
Offering video and web based communications in its simplest and
most hassle free format, MVT has been at the forefront of meeting
business and products with the people of today
(approximately 1.4 billion customers on line or 21.1% of
the world population by www.internetworldstats.com).

It also combines an outstanding affiliate program which customers
can use, to earn their Return on Investments and profits too.
Learn more at http://www.myvideotalk.com/124810
How about some free training on doing business online?
Check out www.mvtdreamteam.cjb.net

Here Comes Gen Y!

Lately I came across a number of articles, on ezines and posts, harping about Gen Y, or echo-boomers. Being myself from Gen X, I was wondering, Who are they?

How are they changing today and tomorrow?
Following are some of the details I dug up while crawling over the net.

Demographics :-
  • Year : No definitive birth years.By consensus bracketed between 1984-1993.
  • Children of Baby Boomers.
  • The younger cousins of Generation X'ers.
  • Largest Generation after the Gen X'ers(40 million). Gen Y comes to 80 million.
  • 38% of this generation say they are non-white.

Also Known As :-

• Generation Y • Generation WHY
• Generation Next • Nexers
• Millenniums • Digital Generation
• Echo oomers • Boomlets
• Baby Busters • I Generation
• Net Generation • Netizens
• Gaming Generation(along with youngerGen Xers)

Characterised By :-

• Techno-savvy
• Connected…24/7
• Self-confident • Optimistic
• Hopeful • Independent
• Comfortably self-reliant
• Determined • Goal oriented
• Success driven • Lifestyle centered
• Diverse • Inclusive
• Global-, civic- andcommunity-minded
• Pulling together • Service oriented
• Entrepreneurial

An article on how to deal with this new generation ?

The baby boomers’ kids are called the echo generation. These kids grew up with the Internet, bits and bytes. They’re not afraid of technology. In fact, they embrace it. More so than their parents. Where the child passes the parent in adoption and use of technology is known as the ‘generation lap’. However, there is one important point - they do not see the Internet as technology anymore than a car, radio or refrigerator.
They have become an authority on the Internet, the single biggest innovation in our society. This net-generation is curious, intelligent, focused, willing to adapt to change, self reliant and confident. They have been told that it will be hard to find jobs. This group could well be the largest generation of entrepreneurs. Because they are net-intelligent, they love to collaborate, work together and share information. After all, what good is knowledge and information if it cannot be shared?