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Are You Willing To Follow This Law To Make Good Money From Your Online Home Money Business Making Opportunity?Today's new economic view is that people's needs are neither fixed nor absolute. Rather, they are being redefined constantly. And what determines both the nature and pace of that redefinition is technology. By providing us with new products or processes, advancing technology invariably induces changes in our basic behavior. In other words, advancing technology is constantly creating its own demand.
The Fourth Law Of Economic AlchemyLet's see what this means for your online home money business making opportunity. Take for example inventions like the automobile, the washing machine or telephone. These new technologies and inventions provided consumers with products that hadn't before occured to them. These inventions created needs that previously hadn't existed. The car for example became a necessity because people's notions of distance and mobility changed profoundly. The fourth law of economic alchemy (Opens new window) states that... TECHNOLOGY DETERMINES NEED AND DEMAND. Another example... There was no demand for a waterproof portable telephone that one could take swimming, until telephone manufacturers developed such a device. So, by creating new products, technology creates needs that did not exist before (or at least were not perceived before).
Imagine A Need, And Then Create ItIn mainstream, traditional economics the view is that you must find a need and fill it. But the theory of economic alchemy teaches you and me that in our new abundant world and creative economy you must find something to make, and then let it create a demand. In our new eYouconomy demand for new products doesn't exist until technology has created the products.
Your LessonNow think a moment about your individual areas of small online business. Has technology created new products in your area of online home money business making opportunity? Could your area of online business be affected by advancing technology creating new needs and demand? For example... 1) Analyze your current areas of small online business with respect to the baby boom market (customers born between 1946 and 1964). Are these baby boomers already customers of your new products and services? Why or why not? 2) Analyze your current areas of small online business with respect to the Generation X market (customers born after 1964). Are these Generation X people already customers of your new products and services? Why or why not?
What is eYouniversity? (eYou)eYouniversity is an online business incubator. The goal of eYouniversity is to support the online entrepreneurial process, helping to increase performance and profit levels for innovative small online businesses. You can learn more about eYouniversity (eYou) on the About This Site page... the story behind eYou and successful home businesses on the Web.
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