Is there a new Bubble gurgling online?
Not real estate, technology.
The first Internet bubble burst from an overabundance of estimated value.
Ruby Red Ajax won't launder the 2.0
Today, the promises of old has been repackaged for those that weren't around or easily forgot. The recent run up in online tech has seen a real estate valuation site go public on a Registration Form! Behind that veil was a telemarketing operation and good publicity. Ries and Trout would say they benefited from being first.
However, as the real estate market has adjusted,online advertising revenues have followed suit. And fundamentals at some point force upon a webmaster an inevitable recognition of facts. This has recently taken hold of.a 2.0 company called Edgeio, Which just recently closed its doors.
For every YouTube there has been 1,000 others that won't make it.Where is the business model? Eyeballs they say. No money there unless you get bought out by Google.
Technology replaces itself and renders its past incarnation less valuable, and sometimes valueless.
After the buzz is stripped away, Web 2.0 is just another website. And marketers will do their level best to make it seem new. That is called marketing.
So reading my blog may make one think I am anti-everything inernet. And that would be the wrong impression. I am against making investments of money and time that are based on an overestimation of returns.
In the end I use all of the tools one might think I harp on. I just do not get enamored by the next big thing. If it has a URL, it is a website. How do you make money with it? That's what we do for our clients.
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