A Short List Of The Various DotCom Crashes And Just What It Is You Should Learn From Them When Commencing Your Own Online Company.

Posted by admin

March 21, 2010

There are many who have tried to carve out a new career on the web and failed, and there is some mileage in taking a look at these cases to see why. By taking a look at these failed ventures you can gain an insight into just why these seemingly admirable career opportunities failed and thus help you to decide 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 business is here in a list of failed websites. Well the contemporary incarnation is actually a new business situated 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 goal of the originalprevious site was to permit its users to share videos of extreme sports with each other.

iSmell – This is not a site but a personal computer peripheral appliance that enabled you to add the sense of smell to your web experience. The appliance that attached to your computer via USB contained a cartridge with 128 “primary odours” allowing it to give off a smell when you visited a site 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 business first appeared online in 1999 being sponsored by Whoopi Goldberg. It established the proposal of an web currency that could be used by vendors, akin to the airlines’ frequent flier program. It went bust in August 2001 and anyone unlucky enough to still have flooz credits found themselves not able to refund them.

theGlob.com - Was based on the idea of an web chat room by co-founders Stephan Paternot and Todd Krizelman and became one of the early social networking sites. It still holds the record for the greatest gain in share price on its first day of trading. It’s degeneration commenced in 1999 with a CNN report of Paternot dancing on a nightclub table wearing shiny leather trousers, a scene which itself became the symbol of the excesses of the dot-com millionaire.
Yadayada.com – The name of this business apparently comes from a Hindu phrase, (the CEO was a Hindu) and not as a lot of people believe from an idiom used in an episode of Seinfield. It was a web browser and portal for some of the first handheld devices such as the Palm Pilot and Handspring. A large amount of money was spent on an expensive advertising drive without any research of the target market.

If you read through these cases here and search for others yourself on the internet, you will soon realise that more than just a good plan is needed to turn your career ideas into reality. They must be backed up by much business exploration. For your new career as an internet entrepreneur to succeed you will need to have a master plan, consider what qualities are needed for success, think carefully about all the challenges you will face as you pursue your new career opportunities.

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