Wealth Building Information

Who Will Become Wealthy in the Information Age

As you know, we're now well and truly in theInformation Age. It began about 10 years ago. In fact,many economists say it began in 1989, with the Fall ofthe Berlin Wall (and the start of the World Wide Web).

To understand who will become wealthy in theInformation Age, first we need to understand how theInformation Age differs from the Industrial Age(bornabout 1860, died about 1989).

In fact, let's get a complete overview and go back tothe Agrarian Age.

In the Agrarian Age, society was basically divided into two classes: the landowners and the people whoworked on the land (the serfs). If you were a serf,there wasn't much you could do about it:land-ownership passed down through families and youwere stuck with the status you were born into.

When the Industrial Age arrived, everything changed:it was no longer agriculture that generated most ofthe wealth, but manufacturing. Suddenly, landwas nolonger the key to wealth. A factory occupied far lessland than a sheep farm or a wheat farm.

With the Industrial Age came a new kind of wealthy person: the self-made businessman. Wealth no longerdepended on land-ownership and the family youwereborn into. Business acumen and factories were creatinga new class of wealthy person. But it still requiredenormous capital to build a factory and start a business.

Then came the World Wide Web (in about 1989) andglobalization. Suddenly, everything changed again.

Factories (or real estate) were no longer necessary to run a business. Anyone with a website could start abusiness. The barriers to wealth that existed inthe Agrarian Age and the Industrial Age were completelygone. People who could never have dreamed of owningtheir own business were making millions from their kitchen table.

Of course, the Information Revolution didn't beginin 1989.

It began in 1444 when Gutenberg invented the printing press in Mainz, Germany.

But the printing press (newspapers, magazines,paperbacks) belonged to the Industrial Age, not theInformation Age.

The printing press is a 'one-to-many' technology. TheInternet is a 'many-to-many' technology. And that waswhat changed in 1989.

The Industrial Age was about centralization andcontrol. The Information Age is aboutde-centralization and no control. No government and nomedia magnatecontrols the Internet. This is thecrucial thing to understand about the Information Age.

As we moved from the Agrarian Age through the Industrial Age to the Information Age, there's been asteady collapse of the barriers that kept one sectionof society wealthy and the other section poor.

In the Information Age, literally anyone can become wealthy.

So now that we have a clearer picture of how the Information Age differs from the Industrial Age, let'sask that question again: 'Who will become wealthy inthe Information Age?':

(1) People Who are Self-Taught

To explain this better, let's go back to the Agrarian Age and the Industrial Age, and the Transmission ofSkills.

In the Agrarian Age, skills were passed on from father to son. If you wanted to learn how to be a blacksmithyou had to be a blacksmith's son. If you wanted tolearn to be a stone-mason, you had to be the son of a stone-mason.

With the coming of the Industrial Age, all this changed. You could go to University and learn whateverskills you wanted. Knowledge was freely available.

But in the Information Age, the Transmission of Skills is changing once again.

The skills necessary to succeed in the Information Age are not being learnt from our parents (as in theAgrarian Age), nor are they being learnt in schoolsand colleges (as in the Industrial Age). Children are teaching their parents computer skills. And many ofthe entrepreneurs who start hi-tech Internet companieshave never been to college.

The millionaires (and billionaires) of tomorrow probably won't have a college education. They will behigh-school drop-outs, self-taught people.

(2) People with New Ideas.

Again, it's the people who are able to think outside of the existing structures who will become wealthy inthe Information Age. Often, it's just a Simple Ideathat launches people to success in the Information Age.

Take Sabhir Bhatia, for example - the man who invented Hotmail. Bhatia was a computer engineer working inSilicon Valley. He had no previous businessexperience, whatsoever.

But one day, while he was driving back from work, a friend called him on his cell phone and said that hehad an idea: What about starting a free, web-basedemail service? Bhatia knew this was the idea he'd been waiting for. He told his friend to hang up immediatelyand ring him at home on a secure line.

Three years later he sold Hotmail to Microsoft for $400 million.

(3) Writers

The third group who will become wealthy in the Information Age are Writers.

In the Industrial Age, Writers depended on large publishing Houses to get published (remember that theprinting press is an Industrial Age technology - it iscentralized and controlled). And the Publishing Houses took the lion's share of the profits.

In the Information Age, Writers are doing their own publishing - and keeping most of the profitsthemselves. Indeed, Writers are flourishing on theWeb - mainly through eBooks and Ezine Articles.But even if you don't write eBooks or Ezine Articles,if you own a website, you are a Writer.

Why?

Because the Internet is basically a written medium. It favors writers, people who are able to communicateeffectively through the written word. Remember, it'snot the graphics on your website that sell, it's the words you use.

In the Information Age, we're all Writers!

--------------- Michael Southon has been writing for the Internet for over 3years. He has shown hundreds of webmasters how to use thissimple technique to build a successful online business. Click here to find out more: http://ezine-writer.com/