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Tuesday, March 15, 2011

In the last ten years the internet has effectively destroyed several billion dollar industries, and replaced them with million dollar industries.

What it seems, is that by creating a significantly more efficient model for both production and distribution, the internet doesn't replace existing revenue, it destroys it.

For entrepreneurs and startup businesses, this creates significant opportunity. For large existing companies, this should be reasonably troubling.

What industries are next?

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Posted by Nick Holmes a Court @ 8:59 AM

At March 15, 2011 at 11:04 AM, Anonymous Anonymous said...

Any figures on the profits rather than revenue?

At March 15, 2011 at 11:20 AM, Anonymous Anonymous said...

shopping centres, actual stores ie bricks n mortar such as Harvey Norman


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