Facts & Important DefinationI Definitions

The World's Richest People 2007 It has been a busy year for Forbes' team of fortune hunters. Strong equity markets combined with rising real estate values and commodity prices pushed up fortunes from Mumbai to Madrid. Forbes pinned down a record 946 billionaires. There were 178 newcomers, including 19 Russians, 14 Indians, 13 Chinese and 10 Spaniards, as well as the first billionaires from Cyprus, Oman, Romania and Serbia. Ingenuity, not industry, is the common characteristic; these folks made money in everything from IT, media and real estate to coffee, dumplings and ethanol. The billionaires' combined net worth climbed by $900 billion to $3.5 trillion. That equates to $3.6 billion apiece. The average billionaire is 62 years old, two years younger than in 2005. This year's new billionaires are seven years younger than that.

India's Internet subscribers 1998 0.7 million 2002 13.5 Million 2004-2005 30 Million 2006 56 Million

Internet is making people rich. The 40 richest people in America are under 40. They're young, smart and on the 'net! The Internet is responsible for more rags-to-riches billionaires than any other industry. Fortune Magazine

Despite the recession in IT, the IT giant Bill Gates of Microsoft Corporation is still the world richest person for the 9th consecutive year Forbes magazine

Network Marketing also known as Multi-Level Marketing (MLM) has finally gained respectability. It is being taught in the Harvard Business School and both Stanford Research and the Wall Street Journal have stated that between 50% and 65% of all goods and services will be sold through Multi-Level methods in the 1990's. This is a Multi-Billion-Dollar Industry! And of the 500,000 millionaires in the U.S., 20% (100,000) have made their fortunes in the past seven years in MLM. Moreover, statistics show that 45 people become millionaires every day through Multi-Level Marketing! With Streamline you can be one of them!

Fig shows a significant improvement in the number of networking distributors. In 2001, the actual increase is more than 15 percent. In real terms, an increase of more than 5 million networkers world wide. Just in the year 2001. An impressive result indeed! This was really positive growth. Wouldn't you say?

Online education is a booming business, according to International Data Corp. Online enrollments are growing by 33% a year, and hundreds of schools now offer online education. According to the National Center for Educational Statistics, 8% of the 16.5 million undergraduates in the 1999-2000 school year were enrolled in distance education programs. Of that group, 60% were using the Internet to do so. E-learning is likely to grow at 90% annually worldwide IBM survey

Electronic-commerce Business was once conducted by barter. Money was invented to make it easier but business was still conducted face-to-face. Then along came the telephone and buying and selling could be carried out at the end of a cable. People no longer had to actually go to the market. E-commerce is an extension of that cable. These days you can conduct business without in reality handling goods or cash. But e-commerce is much more that merely a substitute for traditional shopping. E-commerce operates from business to consumer and business to business. Business-to-business e-commerce goes further and includes electronic data exchange or interchange (EDI), a speedy, automated system of information exchange between companies who work closely together. Another example is standardization of specifications within a given field, for ease of price calculations in a competitive market. E-commerce is an ideal medium. Sending data over a network is more efficient and much faster than “traditional” methods and thus, far more cost effective.

E-business This is really nothing more than using the Internet and its related technologies to conduct normal business operations. Whether in advertising, sales, purchasing, human resources, marketing or management, the Internet can be used to increase productivity, reduce costs and thus increase turnover. In other words it’s a management tool. And what’s more, it’s a management tool that is accessible to all businesses, whether a one-man-operation or a large corporation.

E-banking or net banking This is one of the management tools of e-business. It provides efficiency for banks and businesses and convenience for individual customers. All banking functions can be carried out via the Internet: checking the status of accounts, transferral of funds between accounts, carrying out financial transactions, even using the account for online purchases.

The effect of Internet on business We’ve all heard the saying “It’s a small world”. Internet has indeed made the world even smaller and brought people closer. Perhaps not physically, but certainly in a virtual sense. With its communication advantages, the Internet revolution has touched practically every aspect of our private and professional lives. There is no doubt that its effects will grow. Communication costs will reduce. Travel time and costs will reduce as electronic data transfer increases. Information availability will explode even further and education will be available to remote areas. Trade via Internet will rapidly increase. The market will expand and be easier to reach.

One thing is for sure – this is just the beginning!