Internet economy offers new opportunities to developing economies
Access to the internet is picking up in some large developing countries. The internet offers low risk possibilities to earn money. Citizens of developing countries have a very low income in USD, and thus have relatively more to gain from the internet.
When someone lives in the
How different it is for inhabitants of countries with a much lower price level. For a set of products that costs you 10USD in the
On the internet, the location of a person does not influence his opportunities for profit as it does in the physical world. Creating a website and earning money through advertisement can be done from
What does one need for earning money online?
First of all, one would need an internet connection. Currently, this is still quite a rare commodity in many developing countries, but this is changing fast, especially in the larger cities. Looking at the big picture, estimates are that in Asia, internet penetration is 11.8%, and in
Secondly, one would have to be able to communicate in a useful language. Currently, English is the main internet language, with 260 million English speaking users. Furthermore, the majority of websites are written in this language [Global Internet Statistics by UNESCO]. Most of the advertisement revenue possibilities prefer English usage, so writing in English is highly beneficial. Other useful languages are Chinese (120 million users), Japanese (80 million users) and Spanish (60 million users). This means that anyone with the proficiency in English, Spanish, Chinese or Japanese has a good starting position for earning some money online.
Considering that English is the most useful language, and considering that there are just a few low-wage countries where English is spoken,
To make use of this, I recommend the use of a website like Xomba, which allows a user to write content (articles, stories, news, opinions, observations, anything), and shares its ad revenue with its users. This works much more efficient than creating a stand-alone website, because the xomba site generates traffic to the content, and achieving an income of a couple of dollars a day becomes fairly easy, does not have any start-up costs and requires very little time.
More about making money with Xomba can be found here.