The software and technology industry has produced perhaps the most number of self made millionaires (and billionaires) of our generation. It’s something that happens with every disruptive new industry – a massive redistribution of wealth. Software is unique in the power it provides and the low cost of distribution.
As a result the margins can be extremely high.
We are on the cusp of yet another sea change again in the technology industry as the sales of mobile phones is now out pacing that of computers. While at the same time new mobile phones are now becoming capable of running useful software. Unlike computers, mobile phones work everywhere and usually have some interesting capabilities, like cameras, GPS, and accelerators.
This is still a new industry and there’s plenty of space for new ideas to be implemented and make millions.