Isnare Free Articles
Authors Contents [Add OpenSearch]
Distribute your articles to more than 6,000+ sites and 40,000+ email group publisher subscribers for as low as $2 / article...
Index  Article Directory  Internet
Embed this Article  
Merv Stevens

Merv Stevens x 291 articles

Liked the article? Consider buying me a beer!
$

Do want you want to make that transition from the old traditional economy to the new digital economy? I think it’s not only important to make this transition but for many people it has become essential.

Big businesses are going bankrupt with people losing their jobs, sole traders are struggling to keep their doors open and specialists are running out of clients due to the downturn. We are hearing everyday about people who are struggling just to keep their head above water and with the cost of living going up and a number of other factors going on, it has become very difficult for a lot of people out there.

But there are almost two distinct communities of people - those that are struggling and really having to fight to keep their head above water and the other community of people in the digital economy who are thriving and doing better than they have ever done before.

Over the last few years people of all different ages and from all walks of life and some with no internet experience or technical skills, have made that transition to the digital economy.

These people have not only managed to keep their head above water but have been more successful that they ever though possible. We are living in an awesome age and their never has been a time like it is now. Just think… you can get started in business for yourself literally tomorrow on a shoe-string budget by selling other peoples products as an affiliate and start collecting commissions for the sales.

You don’t have to worry about customer support, you don’t have to worry about staff, you don’t have to worry about investing thousands of dollars into starting a traditional business. You can also do it part-time around your current job until you are earning enough money to replace the income.

In this way you can become more self-sufficient and provide a lot more security for yourself and your family. In the video below Stuart will explain more about this and why you are in the right place at the right time and how you can benefit from transitioning across to the digital Economy.

Transitioning To The Digital Economy

Over the last five years or so thousands of people from all over the world have made the transition from the traditional economy into the digital economy. Another way of looking at it is moving from the old beaten up economy to this new, exciting, thriving economy.

What makes it easier and quicker for people to make this transition. The way the world can be looked at right now is that is is made up of four categories of people.

Employee in the Traditional Economy

The first category of people to discuss is the employee in the traditional economy. It’s difficult to be an employee in the traditional economy right now. Big businesses are going bankrupt and everyday through the news and other media we are hearing about other well known companies being sucked into this struggling traditional economy.

People are being laid off and losing their jobs. Machines are replacing a lot of jobs which were previously carried out by a people. You only have to walk into your local supermarket to see that there are now self-checkouts instead of the normal human cashiers.

Another example is what’s happening in factories where previously it may have taken 5 people to build a car and it now takes one person operating a machine. We are hearing about it all the time - people being replaced by machines and technology in this digital age.

There is also very little leverage as an employee and that’s something I’ll discuss further later on.

Being Self-Employed in the Traditional Economy

The next category of person to discuss in the traditional economy is the sole trader or specialist or somebody who works for themselves. These people tend to have it a bit better than the employee and they can’t get fired as they are working for themselves.

Again like the employee they have very little leverage and are really struggling right now. They have competition in their area of business coming from the online world and more and more other businesses competing on prices - all lowering their prices in an attempt to get more clients and customers and survive in the struggling traditional economy.

The employee and sole trader are the most common category of people. It is expected of many people to go to college or university, get good grades and then get a secure safe job with it’s benefits or become a sole trader.

I understand that this way of doing things did work but in the opinion of many that old industrial age system is now broken.

The Digital Entrepreneur in the Digital Economy

Now let’s talk about the digital economy and let’s discuss the digital expert or digital entrepreneur. What is really exciting is understanding the potential and the leverage of becoming a digital expert.

The fascinating thing is that it’s not that difficult to make this transition. Once you learn a few principles in the new digital age it’s far easier to get started online that it ever was in the past and create your own business.

A lot of the ’New Rich’ that are coming out from the digital economy were not born with a solver spoon in their mouths, did not have tens or hundreds of thousands of dollars to start a business. Yet they’ve been able to scale and build business very quickly.

Internet entrepreneur Stuart Ross for example in his very first year online went on to make a six-figure multiple income and went on to quit is job within six months of making the migration from the traditional economy to the digital economy.

Publishers or Product Owners in the Digital Economy

Being a publisher or product owner is an incredibly exciting part of the digital economy because there is so much leverage behind it. The type of people in this category are creating products, whether it be software or information products.

They are then able to scale and grow their businesses at an amazingly quick rate because of the internet and the global presence that allows them to have.

The path that most people follow into the digital economy is that they move across from being an employee in the traditional economy to being a digital expert or entrepreneur in the digital economy. They can then start to create of publish their own products. In this way they get more and more success and more and more leverage which is what has happened to Stuart in his businesses.

A few other things to point out is that people who have made the transition to the digital economy have a lot more freedom - finical and time. People migrating into the digital economy are making way more money than they did in their jobs in the traditional economy as an employee or self-employed specialist.

Now that they’ve entered the digital economy they are able to scale their businesses quicker because of the online world. They also have geographical freedom because as a digital entrepreneur you can run your business from anywhere in the world as long as you have your laptop and an internet connection.

In this situation you have the freedom to work when you want and where you want. 2009 was Stuart’s second year online and on average he was working 1 - 3 hours a day at most. He was making a multiple six-figure income and was travelling the world.

He had financial freedom, time freedom and the flexibility to be wherever he wanted and still make money.

In most cases people in the traditional economy who are self-employed have very little freedom because of the faltering economy and having to compete on prices and so not meet the profits margins they did in the past.

Because of the lack of leverage the traditional economy is not exciting economy to be in. Particularly for an employee who has to trade time for money. You have to make sure you have an alarm clock, commute, show up for work and if you don’t show up you don’t get paid. There is no leverage.

One of the other freedom factors of being a digital expert is that you are using tools and technology to work for you. A prime example of this is leveraging technology to do selling for you.

People in the traditional economy are still cold calling and trying to do the hard sell approach. Well that does not work anymore. People who want to buy something will go online and research and they make an informed decision on what they want to buy.

Yet people in the traditional economy are phoning hundreds and hundreds of people a day while the digital expert is sat on the beach while his website, tools and technology is doing the selling for him. Automation and technology to do the sorting and sifting.

People may ask, “How can technology be used to find customers?” Well it sorts and sifts. rather than speaking to people one-by-one you are putting people through various different channels and educating them and helping the along the way. This make the buyer experience for more pleasant than having to hunt down and close potential customers as you would do in the traditional economy.

In a nutshell I have summarised the two very different categories - the old traditional economy and the new digital economy. The new digital economy offers leverage, time freedom, geographical freedom and flexibility which the traditional economy does not.

Successful companies in the digital age have a group of staff all over the world who run the business on a day-to-day basis and it’s all done virtually through the internet. It’s an amazing place to be.It’s my recommendation that anyone reading this who is serious about their future should start gaining the fundamental skills required to become a digital expert.

Rate this article:
Merv Stevens works in Internet and Network Marketing. For tips and advice and to discover how you can make a successful transition to the digital economy, go to his blog: Wealth Success Ventures. Act now and discover how average people are achieving extraordinary results online by using a genuine turn-key Digital Business System that helps you grow your income in record time!
Important NoticeDISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.

Most Recent Articles

Renovate Your Lawn Beautifully With Lawn Care and Maintenance Services

An Article by LAZICH LEO in Gardening

6 months ago

An unkempt and ugly lawn is not only an eyesore, it also creates a negative impact on your property. If you have let go of lawn care so much so that it is over run with weeds or shows bare patches, a lawn renovation is in order. Repairing your lawn may be a good idea if the about 25% of your lawn is in bad shape...

Custom Hanging Signs Sydney - Affordable Way of Promoting Your Business

An Article by Mike Layman in Marketing

6 months ago

Hanging Signs are not just an amazing and highly cost effective way of advertising your products and services; they are easier to setup in comparison to other advertisement signs – just hang them from a pair of hooks or whatever and you're done. Needless to add, this also makes them more economical than other outdoor or indoor advertisement material...

Armor Your Laptop in Style With Printable Laptop Sleeves

An Article by Rohit B in Finances

6 months ago

To help you with both of your purposes, let us discuss about such a service which will help you out here to create your own laptop sleeve. So as I told you in the above paragraph, which I would have started my personal service or something to help you out of this situation. But let me inform you what you must be thinking is just something hypothetical, but that’s not true...

Start School in Time by Using Automatic School Bell

An Article by Vivency Global in Education

6 months ago

School is first place where children learn discipline, good manners and punctuality. The automatic school bell solutions are really important and makes away from manual errors. Humans may ring the bell at in appropriate time but the machine cannot. The most of the school are digitalized with interactive boards, automatic bells, CCTV and many...

Applying For No Credit Check Mortgage Loan? – Expert Tips to Follow

An Article by Roy Robbins in Finances

6 months ago

Interestingly, the option of no credit check mortgage loan has been made available by some lenders. So, one does not need to undergo tedious process of credit assessment. However getting quick approval for an affordable mortgage no credit check loan is not easy. Some stringent approval criteria may apply...

70-345 Microsoft Exchange Server 2016 Study Books

An Article by Chung Crissler in Internet

6 months ago

Examunion offers you a comprehensive look at the best prospects available in 70-345 exam questions throughout the Industry. Not only will you be given theoretical, but also given 70-345 Microsoft Exchange Server 2016 study books which will give you even more practice than before. Try our Designing and Deploying Microsoft Exchange Server 2016 70-345 exam test today and succeed in your Designing and Deploying Microsoft Exchange Server 2016 70-345 exam...

Microsoft MCSE 70-339 Practice Exam SharePoint Server 2016 70-339 Questions Material

An Article by Chung Crissler in Education

6 months ago

Maybe on other web sites or books, you can also see the related training materials. But as long as you compare Examunion product with theirs, you will find that our product has a broader coverage of the certification exam's outline. You can free download part of Microsoft MCSE 70-339 exam books from Examunion website as a try to detect the quality of our products...

Gain Weight and Build Muscle

An Article by Arati Shah in Wellness, Fitness and Diet

6 months ago

Several individuals do not succeed in their passion to maintain a healthy diet due to the lack of knowledge of eating healthy at work. When at work, many find it difficult to stay committed to a diet plan due to several unavoidable reasons such as colleagues might request to eat with them, availability of lots of delicious food at workplace, etc...

XenApp and XenDesktop 7.6 LTSR 1Y0-202 Questions

An Article by Kruis Barry in Education

6 months ago

1Y0-202 is a challenging exam, with our XenApp and XenDesktop 7. 6 LTSR 1Y0-202 questions; you can feel safe with our question and answers that will help you in obtaining your successful completion of your 1Y0-202 exam. All of our practice exams including the 1Y0-202 exam will prepare you for success...

VSphere 6.5 Foundations Exam 2V0-602 Dumps

An Article by Kruis Barry in Education

6 months ago

Passcert vSphere 6. 5 Foundations 2V0-602 dumps 2V0-602 help you to save a lot of time and effort. You 2V0-602 also use the extra time and effort to earn more money. Passcert provide you the product with high quality and reliability. You 2V0-602 free download online part of Passcert providing vSphere 6...

Citrix Certification 1Y0-202 Exam Answers Passtcert

An Article by Nigel Reyez in Computers and Technology

6 months ago

Passtcert is a website which can help you save time and energy to rapidly and efficiently master the Citrix certification 1Y0-202 exam related knowledge. If you are interested in Passtcert, you can first free download part of Passtcert Citrix Certification 1Y0-202 exam answers on the Internet as a try...

Benefits to Your Wedding Provided by Limo Service in Pittsburgh, PA

An Article by Iris K. Allen in Marriage

6 months ago

Using professional transportation on your wedding day may seem like a given and a basic booking to make, but considering the effect that it can have, you’d serve your wedding day well to be selective with your booking. Find a worthwhile company and secure every wedding transportation need with a suitable Pittsburgh Limousine...

Mark the Family Wedding With a Denver Bus Rental

An Article by Lucille W. Hill in Travel

6 months ago

The obligatory family wedding comes with challenges, but it also offers opportunities. A Coach Bus Denver will make it possible for your extended family to reconnect, save some cash, and all attend the family wedding as part of a group. Take Note of Transportation NecessitiesComprehensive research into all elements of transportation should come before you make reservation from any of the Charter Bus Companies Denver...

Killtest 2017 Microsoft MCSA 70-764 Test Questions Microsoft 70-764 Practice Test

An Article by Delia Green in Education

6 months ago

70-764 Administering a SQL Database Infrastructure is among the many most respected exams so you can get good work opportunities. We can complete devoid of much frantic use the particular help regarding Microsoft MCSA 70-764 Test Questions Microsoft 70-764 Practice Test that are exclusively made for people who will need advice...

2V0-602 VSphere 6.5 Foundations VMware VCP6.5-DCV 2V0-602 Exam Test Prep

An Article by Morris Porreca in Education

6 months ago

About VMware 2V0-602 exam, you can find these questions from different web sites or books, but the key is logical and connected. Our questions and answers will not only allow you effortlessly through the exam first time, but also can save your valuable time. Examgood can provide professional and high quality products...

MLA Style Citation:
Stevens, Merv "Why Should You Make the Transition to the Digital Economy?." Why Should You Make the Transition to the Digital Economy?. 22 Jan. 2014 Isnare.com. 20 Feb. 2018 <https://www.isnare.com/?aid=1879339&ca=Internet>.
APA Style Citation:
Stevens, Merv (2014, January 22). Why Should You Make the Transition to the Digital Economy?. Retrieved February 20, 2018, from https://www.isnare.com/?aid=1879339&ca=Internet
Chicago Style Citation:
Stevens, Merv "Why Should You Make the Transition to the Digital Economy?." Why Should You Make the Transition to the Digital Economy? Isnare.com. https://www.isnare.com/?aid=1879339&ca=Internet
Copy and paste the code below to embed this article:
<a class="embedly-card" href="https://www.isnare.com/?aid=1879339&ca=Internet">Why Should You Make the Transition to the Digital Economy?</a> <script>!function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){ var d=a.createElement(c);d.id=b,d.src=("https:"===document.location.protocol?"https":"http")+"://cdn.embedly.com/widgets/platform.js"; var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document);</script>