Michael Gilmour has been in business for over 32 years and has both a BSC in Electronics and Computer Science and an MBA. He was the former vice-chairman of the Internet Industry Association in Australia and is in demand as a speaker at Internet conferences the world over. He has also recently published his first science fiction book, Battleframe.

Michael is passionate about working with online entrepreneurs to help them navigate their new ventures around the many pitfalls that all businesses face. Due to demands on his time, Michael may be contacted by clicking here for limited consulting assignments.

What to do in the Coming Financial Earthquake

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I’ve written a number of articles over the past year on the looming problem of the Chinese debt situation. It’s currently just shy of 300% of GDP and this doesn’t bode well for domain investors reliant on cheap Chinese capital to purchase their domains at hugely inflated prices. So should we really panic?

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I saw the following charts in a recent Bloomberg article that puts the Chinese debt problem into perspective. What’s interesting about this chart is that China’s flatter line shows that it’s not getting as big a GDP bang for its debt buck compared to some other nations. Also notice that Germany is retiring debt even while sharply increasing its GDP per capita.

GDP to Debt

The USA is continuing to increase debt while getting a lot of GDP per capita from it.....but the debt still continues to increase. At some stage the piper has to be paid and if the current trends continue it will be more when not if.

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Recent Comments
HRMInc
Wow. I sure hope you're wrong Michael... but we are taking your comments very seriously and and planning accordingly.
01 July 2017
mgilmour
I hope I'm wrong as well.....
03 July 2017
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Saturday Musings - Working to the MAX!

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Some of you may have noticed that I didn’t do any posts last week. Yes, I’m fine and nothing disastrous has happened in my personal life. I just reached a point of work saturation.

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Have you ever been working so hard that no matter how fast and how diligent you are your in-tray just keeps on mounting up? Well, that was me last week. A number of nights I found myself working until 3:30am and up again at 7:30am because there was just so much going on.

So what’s been happening? Everything from reviewing legal agreements, managing partners, sorting through client issues, working with the ParkLogic team, designing graphics, cleaning up websites, debugging servers, launching new platforms, coding client requests into existing systems and working with spreadsheets that literally take 30 minutes to calculate. The last issue drove me crazy because if I touched my PC during a recalc Excel would just stop! Grrrrrrrrrrr!!!!

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Saturday Musings - Simple Solutions

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I’ve just been trying to debug a pretty complex program. One screen displayed the error logs, another the database changes while yet another the actual code. For some stupid reason, nothing appeared in my browser when I run the application……it’s safe to say that I'm pulling my hair out in frustration!

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It was then that it dawned on me…..you moron! I’d forgotten to save my code. Yep, the most obvious of solutions lay withering on the vine of my single-minded focus. A simple control-S saw everything instantly display as it should and my universe come into alignment….well, almost anyway.

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Global Online Trends

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I’m a self-confessed data junky. I love my numbers and if they can be plotted on a graph so I can see a trend then so much the better! Domain investors live and die by their numbers. If you ignore looking at the stats then you can miss out on some significant opportunities and take bullets rather than dodging them.

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Beyond the numbers and charts is understanding how to interpret them and how they may impact your business decisions. From a very high level there are a number of charts that I like to pay attention to and in this article, I’ll step you through them.

World-wide Growth in Internet Users

Ultimately underpinning every e-commerce transaction is a person wanting to buy, watch, click or doing anything. If the number of Internet users suddenly began decreasing then I can guarantee that it’s going to have a big impact on your business.

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The Lure of Social

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Over the last year I’ve been watching my daughter, Sarah, as she embarked on growing her social presence through Instagram. It’s been an up and down journey but since social is vitally important for any online business I thought it would be worthwhile picking the brains of my resident expert.

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She now has close to 10,000 followers and this is continuing to expand. She has not spent a penny on any advertising and the growth has been entirely organic. More than that, her engagement with her followers is incredible with it being much higher than corporations that have five to six times her number.

Sarah Photo 1As an example, last night Sarah posted a photo (she’s VERY particular when they are posted btw) and within five minutes she had 20 likes and a couple of comments. Within an hour she had over 100 likes and 20 comments. By the morning these numbers had grown to 295 likes and 38 comments.

I just checked out some other images that she’s posted and one of them received 696 likes and 115 comments so it looks as if it’s early days for last night’s post.

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