A Handful Of The Many DotCom Crashes And Just What It Is You Should Learn From Them When Starting Your Own Online Venture.

There are many who have tried to carve out a new career on the internet and failed, and there is some mileage in taking a look at these instances to see why. By taking a look at these failed ventures you can gain an insight into just why these seemingly first-rate career opportunities failed and thus help you to decide which of your own career ideas to work at. Here is a short list with short description for each.
Broadband Sports – You may be wondering why this online venture is here in a list of unsuccessful websites. Well the existing incarnation is actually a new venture 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 goal of the first site was to allow its clients to share videos of extreme sports with each other.

iSmell – This is not a site but a PC peripheral gadget that enabled you to include the sense of smell to your web experience. The gadget that joined to your personal computer via USB held a cartridge with 128 “primary odours” enabling it to emit 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 venture first appeared on the web in 1999 being endorsed by Whoopi Goldberg. It established the thought of an web currency that could be used by traders, akin to the airlines’ frequent flier program. It went kaput in August 2001 and anyone unfortunate enough to still have flooz credits found themselves unable 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 initial social networking sites. It still holds the record for the maximum gain in share price on its first day of trading. It’s deterioration started 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 venture apparently comes from a Hindu phrase, (the CEO was a Hindu) and not as many people believe from an expression used in an episode of Seinfield. It was an online browser and portal for early handheld devices such as the Palm Pilot and Handspring. A vast amount of cash was spent on a costly advertising drive without any examination of the target market.

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

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