Our economy is based upon the buying and selling of products and services, also known as a “Consumer Economy”. Products are services in American normally only succeed when whatever they’re selling is effective, reliable, and most importantly, affordable.
Here are a few upcoming products/services that haven’t broke that barrier yet, but probably will in the near future (within 5 years):
- Solar Cell Technology – A new, eco-friendly source of energy. Take that Common Wealth Edison. The only thing that’s really keeping Solar Cells from taking over is cost. Right now it would cost a consumer about $50,000 to convert their home’s energy source to Solar Cells. It would take about 10 years to get your moneys worth. My dad is in this industry.
- Digital Movie Downloads/Rentals – Blockbuster and Netflix have both dabbled in this industry. They both failed in some way.
- Wireless Internet Cards – Sprint is probably the leading Wireless Internet Card provider right now. The technology seems ideal and its something that a lot of people will want (supply & demand). However, in order to get one of these cards, you need to lock into a 2 year contract with Sprint, at $59.99 / month. Not really cost effective unless you’re really needing internet around the clock. Some do though. I expect this price to go down A LOT once more competitors jump into the market.
While it may not directly involved search engines, it certainly explains a lot about how America’s (and other countrie’s) economies work. You can definitely use this knowledge toward your web development and marketing in some way, shape, or form.