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 … [Read more...]
What on earth is VOIP ?
Last week I wrote something about VOIP in a post although the main topic was not all about VOIP but about business. Some of my readers who are not technology savvy are wondering what VOIP is. (Voice Over Internet Protocol) It is very important to know what VOIP is, since it is considered as the "Next big thing" to computers. I will be writing more about this in the business category. For those of you who wish to understand what it is, here is a nice little clip from Youtube. The clip may be old (2004) but it tells you basically what VOIP is all about. By the way VOIP technology has somewhat advanced for the past 3 years. Here's the clip. … [Read more...]