It has been said that one way to build wealth is find the next hot trend and introduce innovative products into that trend in order to get a substantial portion of market share just as what Bill Gates did to the Computer operating system, Steve Jobs did to music players and computers in general and what Google did to the search engines.
The next big thing to hit after the internet is Voice over Internet Protocol (VOIP). If you do not know what VOIP is, watch this short Youtube clip for a brief introduciton to VOIP.
In the July 2006 reprint of the Network Marketing business journal, it stated that a CNN broadcast in March 2005 revealed that “experts predicted that VOIP would surpass 1 Billion in revenues by the year 2010 and take more than 20 % of the market share from the local and long distance phone companies in North America by 2008.”
The publication continued that the “Economist Magazine predicts that by 2013 as many as 47 Percent of all callers worldwide will be using VOIP.”
From the graph above, you can see that VOIP is projected to surpass the one-billion user mark by 2013. (Graph courtesy of Network Marketing business journal) The Central Intelligence Agency reports that there are more than 1.7 Billion mobile phone subscribers after only 20 years, about 1.5 Billion landline phones after more than 100 years. However at only 7 to 10 years there will be an estimated, 1 Billion VOIP users.
The projection that VOIP will soon be the next big thing to hit right after the internet is highlighted by the fact that on August 8, 2007, Fortune magazine reported that Carlos Slim had overtaken Bill Gates as the world’s richest man. Carlos Slim main business is telecommunications. He controls the Teléfonos de México (Telmex), Telcel and América Móvil companies in Mexico. Carlos Slim is worth $ 68 Billion U.S dollars some $ 10 Billion dollars richer than Bill Gates.
So how does this knowledge help ordinary people like you and me? Well for one thing, if you have sufficient capital and want to go into business, anything about VOIP is sure to sell. I believe this is a great time now to start getting into the VOIP business.
But for those of us who have limited capital, we can still jump into the VOIP bandwagon by buying companies in the stock market that are engaged in telecommunications. Definitely these companies are sure to someday KVM switch to VOIP or pioneer VOIP based technology in their areas.