Web 2.0 should be at the center of every business owners plan to survive in the Internet world. It is the latest rage sporting the covers of several magazines as well as the biggest topic on the web. It is speculated to be the resurgence of the dot com boom. For the next five weeks, we will look at Web 2.0, specifically social bookmarking, wikis, blogs, Squidoo and Video, and how they affect business owners.

So What Is Web 2.0?

There is still controversy surrounding what exactly the term Web 2.0 entails. Some view it as a marketing buzzword while others view it as the new wisdom of the Internet. For the purpose of this newsletter we are looking at Web 2.0 as the new conventional wisdom of the Internet. Web 2.0 is defined as websites that build on community or offer a service. Rather than offering simply static information, Web 2.0 allows for interactive viewing of the net. There are several sites that have already mastered the Web 2.0 phenomenon such as Flickr, MySpace, Squidoo, YouTube and the social bookmarking site del.icio.us.

The function of these sites is to use community to maintain content. Tim O’Reilly, founder of O