77 network economy innovation models
Second, online finance
Network finance is the most successful field of the Internet economy. If there is something that can be completely virtualized, it is "money". Money itself is a credit measure, of course, does not necessarily only exist in the form of banknotes. Perhaps many financial institutions will completely disappear in the network.
6. Network securities
The network is creating a new way to manage your own wealth. Now, the offline financial service industry is going online. They gradually realize that they can no longer be able to see those competitors who are young and experienced, and the competitors on the Internet are clear. Instinet and Island are getting more and more trading volume from NYSE and NASDAQ. NASDAQ is re-evaluating its online opportunity and plans to invest in establishing new companies. Merrill Lynch - Its leaders have publicly condemned network management - now announced that Charles Schwab, with $ 29.95 per transaction.
Charles Schwab is a stock trading company that is a call service, counter service, and online service, and the largest discount broker. The secret of this company successfully connects online trading and after-sales service with the company's call center, and 300 retail outlets. The company's president and CEO said: We must combine the essence of the essence of the real world and the virtual world. Schwab did not offer the lowest transaction rate, but users support its research tools and consumer support. This site can guide you how to invest in the website.
E * Trade through the creative bold advertisement in the online stock trading, and causing the Wall Street giants. E * Trade is the current network transaction company, which has a shocking slogan "kick your broker." At present, he is working hard to recruit those who are not used to buying stocks by clicking on the mouse.
TD Waterhouse is also a personal online stock trading website. The transaction costs it charged is low, and only $ 12 per transaction is charged. In addition, you can find a large number of free research information on this site, 24-hour customer service and technical support, and a true global network including 160 branches. This website can also connect to 8900 mutual assistance funds and free personal retirement accounts.
Offline companies have different models in the online brokerage business, and there is also a debate: Is there any business system that is necessary to form online and offline? Is the consumer satisfied with the low cost and unattended operation? Schwab and E * TRADE are different. E * Trade is all online models, only online operation, its competitors Charles Schwab firmly believe that online trade must include accessibility. Which model is good, there is no conclusion yet.
Charles Schwab's URL:
Www.schwab.com
E * TRADE URL: www.etrade.com
Merrill Lynch URL: www.ml.com
TDWATERHOUSE website: www.tdwaterhouse.com
7. online bank
Not only the security brokerage is impacted by the network, but there is almost no area in the financial services industry is not affected by the Internet. Even those who are used to talking about business in a golf course, I can't sit still. The Internet helps a number of new banks to challenge the old company with a firm position, such as Wall Street Investment Banks that have been run for decades in the same way, are now slowly learning from new outbreak household investment banks Wit Capital.
With the Internet, customers can get basic bank services: You can get the latest information about check, savings, deposit, credit card account balance, you can learn about whether the check is fulfilled, confirmed, the capital transfer room, in addition to the basic bank business, through the network Consumers of banks can understand information such as credit card, mortgage, education loans, and personal loan limits, and can apply for the above loans, consumers can also obtain the quotation of the insurance policy through the network and download the prospectus. In the United States, the most financial services innovation is Intuit and Wells Fargo. Intuit is one of the main organizations engaged in online banking services, the company opened online banking in 1995. In July 1997, 800,000 customers have used online banking. These customers have many of the original financial institutions to turn to network services. According to Intuit's survey, most users are not worried about security issues, only 6% of customers do not use network services because of security issues, and once they start using online banking services, the concerns about security have fallen. The bank's innovation of Quicken.com's innovation is all of the corners of financial services: investment, mortgage, insurance, tax, banking, pension plan ... and all these projects, you can do this in this financial I found on the portal, and this website is rich, very easy to use, the entire website is simply like making excellent applications.
There are also some special online banking service providers, such as the loan E-Loan, mortgage Mortgage.com, online credit card NEXT-CARD, financial information service PCQUOTE.com and other websites have been successful.
INTUIT website: www.intuit.com, www.quicken.com
Wells Fargo website: www.wf.com
Other Website for other business special financial services, www.mortgage.com, www.pcqoute.com www.multex.com, etc.
8. Online insurance
Three years ago, the operation of the insurance industry was very tangible, and with the intervention of the Internet and purely connected to the Internet, the sea begins to have a wave.
Ecoverage, this company that enabled Internet in San Francisco is trying to occupy an insurance industry worth $ 60 billion. Ecoverage is the first company that provides customers with quotation to compensation services from the Internet via the Internet. Their task is to completely simplify the entire insurance operation. On the company's Web website, customers can spend quotes, purchase guidelines, and document compensation than over the past. Ecoverage not only removes chattering insurance salesman from the process, but also provides 24-hour services to customers.
According to Forrester's survey, by 2003, online sales of the insurance industry is expected to reach $ 4.1 billion, and 2001 is expected to be $ 1.1 billion. Almost half of the online customers will study automatic insurance on the Internet, more than one quarter of customers are now willing to purchase online. Ecoverage is planning to be one of companies benefiting from this trend.
By providing a full set of services from quotation to compensation, Ecoverage is becoming a giant of this industry. It is using the Internet to eliminate old insurance business models - high rental spending and excessive insurance agency fees. Through its long-term test online system to guide customers to learn about quotes, insurance items and compensation process (explained by simply clearing the insurance term). "Ecoverage has a commitment to make insurance experience non-mystery by authorizing customer self-service," said David Riker, Chairman and CEO of Ecoverage, "This is a great opportunity to bring to us." Three years Before, a company like ecoverage just started to compete with traditional insurance companies may be unrealistic. However, thanks to the Internet and some well-known investors. Now Ecoverage can use these tools as weapons to achieve its goals, that is, prior to 2000, providing a full range of personal insurance business around the world. Before the Internet appears, do insurance depends on many years of education and experience. Now, the speed of the Internet and commercial development has changed these traditions. The Internet economy is making non-traditional insurance companies have a speech in the traditional field. Perhaps the traditional insurance company will enter the network world will have to comply with the rules of Ecoverage. Because the Internet gives customers more control, all institutions need to provide high quality customer service faster. Obviously the Internet is changing the rules of this game and its way to operate in the future.
Ecoverage company's website: www.ecoverage.com
9. Personal financial management
Personal money, but how to manage money is not everyone. There are approximately 8 million million millions of millions of millions of US, how to pay taxes, how to invest, how to pay is a problem, in fact, it is very annoying, because you need a private account. However, in the network era, you can solve these problems when you go online.
Mycfo is the founder of SGI, Netscape and Healtheon (Health Portal Site), the fourth company founded by Billionaire Clark. As a rich man, once the tax pays, which is paying tax, which does not pay, it is a time-charged thing, so Clark's Mycfo will be delivered - a computer designed for the rich Financial management, equivalent to individual financial executives, auditors and accountants. Maybe due to the same feelings, the company's first customer is actually CISCO CEO John Chambs. Clark moved this service to the Internet, allowing people to track bills, payment, investment, etc. from an integrated security service system, of course, tax payment is nothing. Clark's company has currently attracted a large number of venture capital.
MSN Moneycentral is also a site about personal financial management. On this website, you can find investment tracking and suggestions, as well as important financial news from the MSNBC website. The sub-column can involve every level of your investment life. The newly added service item on the site also has: electronic bill payment, limited instant stock price index, one performance is improved securities investment management program, a new 401K planning program, and a financial advisor to find a financial consultant Tool of. It is most worth mentioning that many services that have previously been paid can now be provided.
Of course, there are currently a famous quikeen.com, which is currently famous in personal wealth management, and it is currently charged.
Mycfo's website: www.mycfo.com
MSN finance website: www.moneycentral.msn.com
10. Venture capital
If the Internet is a rocket that travels speed, then cash is a fuel that allows the rocket to start. For Internet companies, the current problem is not to need to start a business, but which venture capital is dare to shoot, which investment bank helps IPO (initial stock market). The current financial partners are often strategic partners, such as risk investment, large-scale Kleiner Perkins, Caufield & Byers, and Japan's SoftBank helped to create a "series" network company. There is also a new type of new investment company to start investing in risk. For example, Vulcan Ventures, Idealab, and SoftBank, they establish mutual benefits between securities companies. However, different from traditional partners, these investment companies around a person. In Vulcan Ventures, this person is a copper of Microsoft Paul Allen. In Idealab, this person is Bill Gross. In SoftBank, this person is Sun Zhengyi. These three people have played a huge impact on network companies.
Once the company has been investing, the next step is of course public issuing stock. Goldman Sachs and Morgan Stanley Dean Witter solve problems for every web company that is ready to list. Morgan's analysts and Goldman's technical bankers have some tricks for big things. Of course, they also have got a lot of "big fish" in the wave of the Internet.
There is also a class of special venting companies, and their main business is actually an intermediary business, and its representative is Garage.com. Unlike most of the venture capital, the company does not raise funds, participate in investment, its business is to bring the investors and entrepreneurs, and the other side selects companies that have potential as corporate members, on the other hand, choose powerful investment As an investment member, the company then matches different projects and investors. The issues of various interest allocation issues of the new company are agreed by entrepreneurs and investors. It is also a reprint of online marriage.
Garage.com and venture capital have a very clear division of labor, and their strength is to discover projects in the creative stage and integrate into seed funds, and play an angel of entrepreneurs to find investment. At the same time, they provide various counseling for companies in the entrepreneurial phase to enable the company to be healthy.
