One of the major changes that the internet has introduced to the world is the way people conduct business. Gone are the old traditions of selling, buying and marketing products through old fashioned advertisements and business practices. It started in 1994 with the first banner ad being placed on a website, since then E-Commerce or Electronic Commerce have since took off and forever changing the way we do business again.
E-Commerce covers everything from buying, selling, marketing, services of products over the electronic systems like the internet. As internet usage grows and reaches far ending corners of our world, more and more people will rely on looking for and selling stuffs on the internet.
From the simple purchasing of books, making a bid at an online auction site, posting and marketing products online, money transfers online, credits card transactions to buying tickets and making flight and hotel reservations through the internet, e-commerce is making this all a huge reality.
According to a latest report, e-commerce have attracted huge numbers of young people because they find the importance of getting information 24 hours a day and 7 days a week to go along with a very detailed specifications and information of products out there posted on the world wide web.
As a stable economic growth and high internet literacy, more and more people will be attracted to the idea of going the e-commerce route. Not only it is the most convenient way it’s also the hip way of doing business that will reach unmatched potentials and infinite possibilities of reaching out with consumers and companies out in the world.
According to a recent study, the biggest product categories in e-commerce today include:
o Hardware and Software Computer products
o Financial Services
o Home Electronics
o Clothes, Shoes and Body accessories
o Gifts and flowers
o Travel package services
Although e-commerce possibilities are endless, there is one disadvantage that is known to exist among internet users today. E-commerce fraud lingers around the World Wide Web. This is where the chances of having your personal information such as name, bank card number, age, and national insurance number can be taken away from you by simply logging in on a seemingly safe website. These details can be used to steal money from you and make online purchases without your knowledge that is why it is highly advisable to still practice safety measures in dealing with online companies that entails you to write down personal information.
But over-all if done with the proper way and backed up by strong up to date laws that will put more security functions to the e-commerce industry; the good things that come from e-commerce are no doubt weighed much heavier than the disadvantages that it brings.
E-commerce is the wave of the present and surely the future as well, as more internet users do business the modern way. Expect more business to be conducted through the internet and more companies to follow the trend that was started by the e-commerce boom.
Biggest Five Online E-Commerce Sites of 2006