1.4 billion clients,billions of dollars in sales - Are you IN ?
Posted on July 9, 2008
Filed Under business opportunities, profitable niches | Leave a Comment
Incredible, Unbelievable but true. There are 1407 724 920 billion internet users, of this number a staggering figure have credit cards and will spend billions of dollars online . Hundreds of millions of people ( this is an extremely conservative figure) have bought products online, and will continue to. The goldmine of the 21st century will not require any digging tools, all it will require is what you’re staring at right now. One year from today , billions would have been spent on the internet, how much of that would you have in your pocket ? If you think these statistics are mind boggling, just read on.
Web Sites that may define the next internet decade
Posted on July 4, 2008
Filed Under business opportunities, starting up | 5 Comments
Recently I’ve been looking at some other things on this blog, but this post is dedicated to websites and web 2.0 companies that are growing and are likely to have a defining effect in the coming years .
I’m looking at online businesses that one way or the other have either introduced a new paradigm or have added a new twist to an already established concept. As with all such posts and lists there is no guarantee that these one’s will make it over the others. But since I’ve been around for quite a while, and I’ve done a lot to keep my eye open to things that will attract the average internet user, I’m sure these sites really stand a good chance. So here comes my list …
Writing non-disclosure agreements for online businesses
Posted on June 30, 2008
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Non - disclosure agreements, also referred to as confidentiality agreements are a very important part of any online business, especially as the business grows and other people have to be involved. In the online business world - where ideas could literally make millions - its important that you protect your online businesses by ensuring that people brought on board or who for some reason must be given a peek at what you are doing , or intend to do, do not take your ideas or information about you elsewhere, or use it to your detriment.
The purpose of this type of agreement especially for online businesses is to ensure that information disclosed to other people, businesses, partners or parties remains protected, with legal consequences if the agreement is breached. To basically encapsulate the ideas behind this agreement , its intent is to ensure that information given in confidence is not shared with any other party.
This agreement ensures that your online business is protected from any harm that may be caused by the use or misuse of information given to an outside party. A Non-disclosure agreement will mean that were there is a breach of the agreement you will be able to seek monetary damages from the other party. I guess at this point the question is “with whom should I sign an NDA ?”
How to write a ‘terms of use/service’ document - Legal documents for online businesses #2
Posted on June 25, 2008
Filed Under Legal | 1 Comment
Like I’ve already stated in the first post in this series on legal pitfalls that may affect your online business, I AM NOT A LEGAL PROFFESSIONAL. The advice and opinions expressed here are solely for the purpose of informing and increasing your knowledge. My aim is to give a framework that any one can use and tips on where and how to find more information.
Obviously for different online businesses the “Terms of Use” document will differ to a reasonable extent. So in this piece I am simply going to give a general framework and some advice on how to come up with one as well as good places to get proper reviews of your document.
After spending hours on end looking for useful information on writing this document , I’ve been able to come up with a framework that will suit a good variety of online businesses. To achieve this I employed a simple technique. I basically have gone through “Terms of Use/Services” documents for big corporations on the internet. Why did I choose to do this ?
Legal pitfalls that could sink online businesses
Posted on June 23, 2008
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A lot of the time the general impression that you just dealing with a computer/laptop when you run businesses online, can be misleading. I’m thinking of doing a post on various online businesses that either got run aground totally , or made huge losses, because the owners didn’t pay attention to detail, or take the right steps to protect themselves. As a matter of fact, as this series progresses I definitely will dedicate a couple of posts to this. In simpler terms , the online business world is governed by laws, the same laws that govern everyday business, with a little extra. So what’s all the hassle about ?
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