May 17, 2005 -- Forbe's magazines calls WEBUCATION a billion dollar industry unfolding, and the wave of the future. see links below. Reverse margin is the key.
“ Triggered by the Internet, continuing adult education may well be our greatest growth industry ”
People working from home are earning six figures with new home base Internet business opportunity.
It's true. This is a completely automated marketing system that's perfect for even the most inexperienced entrepreneur.
"Triggered by the Internet, continuing adult education may well be our greatest growth industry," Peter Drucker, Forbe's magazines said.
Education is already grabbing a major chunk of America’s gross national product. The U.S. now spends around $1 trillion on education and training. This number will increase rapidly, but the growth won’t be in traditional schools, which currently take about 10% of the GNP (kindergarten through high school, 6%; colleges and universities, 4%). The growth will be in continuing adult education. Online delivery is the trigger for this growth, http://tinyurl.com/b5slf.
The demand for lifetime education stems from profound changes in society. In simplest terms, people who are already highly educated and high achievers increasingly sense that they are not keeping up. They’ve come back to school because they want and need new ways of looking at things outside of their competencies. They want to learn to see things whole. They need this perspective to cope with today’s bewildering technological and economic changes.
The market for continuing education is already much bigger than most people realize. A good guess is that it already accounts for 6% of GNP in the U.S. and is rapidly getting there in other developed countries. It is going to get a lot higher.
Why this explosion of demand? We live in an economy where knowledge, not buildings and machinery, is the chief resource and where knowledge-workers make up the biggest part of the work force. Until well into the 20th century, most workers were manual workers. Today in the U.S., only about 20% do manual work. Of the remainder, nearly half, 40% of our total work force, are knowledge-workers. Again, the proportions are roughly similar for other developed countries.
Workers have always had to gain skills, but knowledge is different from skill. Skills change very slowly. My Dutch ancestors- drucker means "printer" in Dutch- ran a print shop in Amsterdam from 1517 until around 1730. In all those centuries none of them had to learn a new skill. It was the same in most industries. In dress-making there hasn’t been a new skill required since a Hungarian invented the buttonhole in the 11th century.
For most of human history a skilled worker had learned what he needed to learn by the time his apprenticeship was finished at 18 or 19. Not so with the modern knowledge-worker. Physicians, medical technicians in the pathology lab, computer-repair people, lawyers and human resource managers can scarcely keep up with developments in their fields. This is why so many professional associations put continuing education among their highest priorities. Times are and will continue to change and we must educate to keep up.
Our online webucation business generated $19,000 in commissions in its first 27 days of activity, and it's totally automated.
This publication is registered with the British Library, London, UK - ISSN 1473-7248
Contact:
Kevin Wood
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