My Days of .Com
Future of Interactive Advertising

Online Markets – Future of Economy?

Written by Mihai Dragan on Friday, April 23rd, 2010 ( Start discussion )
Tags: adwords, economy, facebook, future, itunes, online markets

I studied economics in college. We used to learn a lot about the way things used to work and I remember even now that we had only 10 or 15 pages, at the end of the international economics manual, describing the future economy, the perfect economy, the Internet economy.

Reading the fact that during a recession Amazon had a 68% boost in revenues,  I can’t help but wonder why would business even bother going the usual “brick-and-mortar store” way.

I strongly believe that online market business will continue to thrive – Google did (AdSense and AdWords), Apple did (iTunes and the App Store are basically online music and software markets), Amazon did, even Facebook did (social gaming market – mostly built on Facebook’s infrastructure – is estimated to reach $5 Billion by 2013).

The internet is full of these success stories. When you look beyond the marketing, the products delivered and the different brands, all the big guys are just huge online markets, delivering streams of 1 and 0.