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Digital Economy In London

As shown in our traditional economy slow to a stop you cannot help but worry. You do not need to go into why because it is covered enough on the news. But if you notice most of the institutions that you see in the news are online. In fact, the world of virtual enterprise, if sales are down, is still going strong. So if you've been paying attention to the evolution of business, there is a way to not only survive but to thrive, welcome to the new digital economy in London!

We live in a unique time. A time when popular trends (mobile business line) economic necessity and globalization (finding new ways to make a living) and Internet technology all come together and collide with recession. We experienced recessions, but this time we have a second virtual world turn to. And when the real world we can fall back on this virtual one (eh fear).

But there are nearly two distinct communities of people - those who are struggling and really have to fight to keep their heads above water and the other community of people in the digital economy in London is booming and do better than they have ever done before. In recent years, people of all ages and from all walks of life and some who have no experience of the internet or technical skills, have made the transition to the digital economy.

These people have not only managed to keep their heads above water, but also have more success than they ever though possible. We live in an awesome age and never had them a while as it is now. Just think that you can go into business for yourself literally tomorrow on a meager budget by selling other peoples products as an affiliate and start collecting commissions for sales. You do not have to worry about customer support, you do not have to worry about staff, you do not have to worry about investing thousands of dollars in starting a traditional business. You can also do part time around your current job until you earn enough money to replace income. This way you can become more self-sufficient and provide much more security for you and your family.

Making the Transition

Over the last five years or so, thousands of people have made the transition from the traditional economy into the digital economy. Another way of looking at it moves from the old economy to the new beat, exciting, thriving economy. What makes it quite easier and faster for people to make the transition. The way the world can be seen at present is that it is composed of four categories of people.

Using social media is essential for independent businesses: Days of Yellow Pages ads are: Graduates of the new "Generation Y" are active creators, contribute to discussions on channels like Facebook - which has a membership including three in four of the most amazing internet users. If Facebook were a country, its population would be the fourth in the world. 

Learn more about the CEO and Chair of Tech City Investment Organisation at this Joanna Shields BBC article.