A Handful Of The Countless DotCom Cosures And Just What It Is You Might Learn From Them When Starting Your Own Online Business.
- Posted by admin on March 6th, 2010 filed in Business and Management
There are many who have tried to carve out a new career on the internet and failed, and there is some mileage in researching these examples to see why. By researching these failed enterprises you can gain an conception into just why these seemingly brilliant career opportunities failed and thus help you to determine which of your own career ideas to engage in. Here is a short list with short description for each.
Broadband Sports - You may be wondering why this online company is here in a list of failed websites. Well the current incarnation is actually a new company based in Seattle that uses the same name, it shares absolutely no connection with the one that closed down in 2001. Located in Santa Monica, California the idea of the first site was to permit its users to share videos of extreme sports with each other.
iSmell – This is not a website but a PC peripheral device that enabled you to include the sense of smell to your web experience. The device that joined to your personal computer via USB included a cartridge with 128 “primary odours” permitting it to discharge a smell when you visited a website or opened an email. It was voted as one of the “Worst Tech Products of all Time” by PC World magazine in 2006.
Flooz.com – Located in New York this company first appeared on the internet in 1999 being sponsored by Whoopi Goldberg. It established the scheme of an online currency that could be used by traders, similar to the airlines’ frequent flier program. It went kaput in August 2001 and anyone unfortunate enough to still have flooz credits found themselves not able to refund them.
theGlob.com - Was based on the idea of an online chat room by co-founders Stephan Paternot and Todd Krizelman and became one of the early social networking websites. It still holds the record for the greatest gain in share price on its first day of trading. It’s deterioration commenced in 1999 with a CNN report of Paternot dancing on a nightclub table wearing shiny leather trousers, a scene which itself became the image of the excesses of the dot-com millionaire.
Yadayada.com – The name of this company apparently comes from a Hindu phrase, (the CEO was a Hindu) and not as many people believe from an term used in an episode of Seinfield. It was an online browser and portal for some of the first handheld devices such as the Palm Pilot and Handspring. A vast amount of money was spent on an expensive advertising drive without any examination of the target market.
If you read through these examples here and search for others yourself online, you will soon realise that more than just a good-quality plan is required to turn your career ideas into reality. They must be backed up by much business investigation. For your new career as an internet businessperson to succeed you will need to have a master plan, consider what qualities are required for success, think carefully about all the challenges you will face as you pursue your new career opportunities.
Leave a Comment