Pssst, Want To Make Money Monetizing Social Networking Instead Of Time-Wasting Social NOT Working?

FaceBook, MySpace, linkedin, and so many other social networking sites offer great ways to connect with people - and lose touch with reality (and time spent on a computer). That is even before location-aware GPS and RFID devices, married to addictive platforms like FaceBook, Twitter and MySpaceTime.net (more on that later) make social networking mean even more being social and not working even during working hours.

It is so ironic that just about 16 years I wrote a piece contradicting people's then assertion that computers and the Internet were going to make us all anti-social.

Having started probably one of the first online matrimonial sites, I dared to disagree.

I felt that though we may spend more time on our computers, the Internet would actually help us find that one in a million connection from places around the world we could never have gone or known or met that person.

Little did I know how social networking would grow.

Of course, as is my forte, I have a knack for starting new things. But, in the past I also had a "rebel without a cause" habit of not sticking around in such businesses long enough to become a millionaire off them. Usually, I sat back and a few years later watched someone else do the same thing, with funding instead of personal funds, and grow rich/er. I saw the same thing as online dating grow into a huge business with the likes of match.com and others.

When I started/founded Internet email for my native country of Pakistan, I also became co-owner and co-founder of the .PK top level domain. Besides the kick of being called "father of the Internet" (at least in Pakistan), I even gave people free email addresses to promote email. But, never could I have imagined that sticking around giving something for free I could later have sold it to a giant corporation as hotmail did a few years later. Oh, well, live and learn.

When I started writing an online journal and political opinions (Occasionally Obnoxious, Obviously Outspoken Opinions) at http://imran.com in 1995-96, little did I know that I could have built some sort of "blogging" empire on that.

In 1995 I became a heavy GPS user in boating and later in aviation. In 1998-2000 I became CEO of EverTrac, among the first out the gate pitching RFID and GPS based solutions. Alas, as usual, like Panasonic's slogan, I was just slightly ahead of my time.

But, this current new momentum of GPS based devices we are seeing will prove I was on the right.... umm.. EverTrac?

Hopefully, this time, with my current projects, covering GPS, social networking and mobile-monetization - I'll actually make some real money if I can sell something to a Google or Yahoo or, some even smarter business!

If that does not happen, I guess the pattern (or call it the Corporate Culture of an Entrepreneur) here is that I love to start new things, just before their time, that others make billions off later.

So, feel free to call me about what I an doing now. Surely I can help you become a Web 2.0 multi-millionaire doing whatever I am too lazy to make money from!

Is Indian Outsourcing Industry Losing Out To Other Sources?

Someone posted an interesting question on LinkedIn, that I have also seen being asked in other places, whether India was not the top outsourcing destination and why?

From discussions I have had with various people, and my own observations, I think that, yes, India's value as an outsourced services provider has increased in volume but is now less of a cost advantage to client companies. Quality has suffered, and many American companies in particular have pulled back from Indian operations.

While it will take some time for India to fall off its perch as the main focus of IT and even other professional services outsourcing, IT is beginning to show some changes.

Several factors are at play. In the past Pakistan, etc. could not really come close to what Indian companies could offer in a scalable manner. Such countries are getting better, though India still has far more momentum.

A major problem, besides India's poor infrastructure, is the fact that GOOD Indian engineers can now command salaries not a small but a significant fraction of salaries for similar positions in the USA.

Additionally, the quality of resources being churned out, almost mass-produced, by the professional/educational system there is not at par with what Indians have previously built a great reputation on. So some clients are starting to see significant declines in quality and significant increases in the amount of hand-holding or reiterations needed to get things right.

That still does not mean it is a slam dunk for Pakistan, Bangla Desh, etc. to steal India's thunder. India still offers far greater stability than, say, Pakistan can - so a US businessman is not going to worry too much about being beheaded during a trip to India.

So, yes, India is vulnerable to good competition on cost with good quality work. But, it is not on the way out.

Certainly many Pakistani and other countries' companies are leveraging that. But, I do not see Pakistan's built-in tendency to self-destruct any great opportunity going away anytime soon. Having been born in Pakistan, I have been an entrepreneur in Pakistan in the 80s. I know how tough it was then - even before suicide bombings became a problem. Now, suicide bombings targeting Pakistanis are a DAILY occurrence. I can only imagine how difficult it would be for a Pakistani company to convince Americans or any foreign clients to visit and freely move about the country.

I surely respect those that are trying to do it in the even worse situation of law and order they face. Their job is not going to be easy to even catch up to India, much less get ahead. But, time, effort and rising Indian costs can give them a better foot in the door than ever in the past.

In the meantime, Indians being far more strategic and better business-minded thinkers, are doing a great job not just moving up the "food chain" in services they provide, but are also leveraging global capital markets to turn the tables and buy American and European companies.

I do not see Pakistan's biggest business, industry and media tycoons thinking or being far sighted beyond the lengths of their own noses.

What do you think?