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ESSAY ON History of E-business
Background of online shopping
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People and companies online have paid more attention to the money and profit in the past few years. Even though this brought people problems, like making people more selfish, monetization under government regulation to protect users' rights, like privacy, would help the internet to develop. Online monetization and E-commerce should keep running with the expansion of internet under proper government regulation, which will help the development of internet.
Usage of internet has increased dramatically. In March, 2000, there were 304 million internet users, which were 5% of Global population; in March 2013, this number has grown to 2749 million, which were 38.8% of Global population (“Internet Growth Statistics”). By 2020, the number of global internet users is expected to quadruple to 4 billion, and most of these new users will come online using multiple devices (Nukala). Internet is so attractive because it provides luxuriant information and enjoyable entertainment to people. It seems that the internet coverage will keep expand.
Online monetization and E-commerce have grown while internet was growing. E-commerce is any activity that includes profits and/or money transfer, and online monetization is the trend that seeking money and profits becomes more and more popular online. In 2012, United States made $40 billion online revenue (Salazar). According to the Pew Internet & American Life Project, 66 percent of the adults online have purchased something over the Internet. This includes searching, contents viewing, social graphing, transactions, communication, and app purchasing. E-commerce has gradually been developed with its own market division. It has its own seeking profit programs and money flow cycle.
E-commerce becomes popular....
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Salam, Reiham. "Should You Be Freaking out over the Net Neutrality Ruling?" National Review Online. National Review Online, 15 Jan. 2014. Web. 26 Feb. 2014.
Salazar, Luis J., ed. "Beyond Online Aadvertising into Knowledge Monetization." Geek Wire. Geek Wire, 13 July 2012. Web. 6 Feb. 2014.
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7.Gregory Wester, Stephen Franco. The Internet Shakeout 1996. Interactive Commerce Research Bulletin. the Yankee Group, Boston, MA. December 1995
Carr, Pete. “Tracking Is an Assault on Liberty, With Real Dangers.” The Wall Street Journal. 6 Aug. 2010. Web.
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The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices.
Tech Innovation Daily -. N.p., 01 Apr. 2013. The. Web. The Web. The Web. 11 Mar. 2014.
The Internet has become a major tool for communication and access to information for over two and half billion people (Wright 121). Although Internet has become an unavoidable reality that is consuming our planet in a web of information. This process is being shaped by our actions and choices which ultimately drives us together (Deibert 11). Nowadays China has over 538 million netizens, the world’s largest online community (Feng & Guo 335).
Advertising has been round for centuries; starting with print ads, then evolving into radio and TV adverts. Each form of advertisement requires several different strategies in order to make the advertisement effective and appealing to the consumer. With the ever popular rising of the usage of the internet, online advertisements have also become more popular. According to Dr. David Evans, who received his Ph.D. in Economics, e-commerce, or sales processed online, were equal to 34 billion dollars as of 2008. (Evans, 2) This amount has only grown and will continue to grow as the usage of the internet becomes more and more popular. The heart around this monumental sum of revenue is online advertising. Advertising agencies optimize their online
The Information revolution is changing our daily lives. With the rapid development of computers and the internet, online commerce has become quite common and plays an important role in the modern world. Online business has been booming in recent years. US online retail sales rose an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may be due to the growing number of consumers who shop online.
Many advertisers are spending time and money on online technologies. More marketers are advertising on internet and more companies are doing online business as well, so this is increasing the revenue of online media. Newspaper advertisement is declining because internet advertisement is facilitating both the marketers and the consumers. (Evans, David S. 2009)
In our society, there has been a revolution which competes that of the industrial revolution. It is called technological revolution. At the top of the technological revolution is what we call, the Internet. In the following report we will be discussing about what the internet is about in general and how it might be in the future, why it is necessary in our everyday lives, and why has it become so important to everyone (i.e. companies, individuals ).
... and government sectors, in some way or another. Individuals can profit through this trade of information on the internet, too, by increasing their knowledge and offering personal benefits. Information is a commercial product is as tradable as the precious metals(GOLD).
For the past decade or two, Internet is a channel that promotes an access to information and communication in the global world. It is one of the most powerful tool. Now-a-days, an access to the internet has become easier than ever, whether we are using a computer, phone or tablets. There is no doubt that people are spending more and more time online. Because many people use the internet for their career and education, it is hard to differentiate between the normal usage and excessive usage of the internet. We all use web at a normal level, but when it becomes compulsory for survival it becomes an addiction.
At the very start, internet revolution was known as a world wide web that would change everything. In 1990s, the concept of "online business" was created, this business is known by various names such as dot-coms, e-biz etc. which made easier to start a business on internet and inexpensive as well. Whether it's a big or a small, local or international it can reach infront of the world very easily. Thousands of ventures have been made on internet for online business on the basis of brick and mortar. Online business is not different from any other venture. Same rules and principles are applied. First thing to start up a business is to create a business plan and think of how to make money. Some of the options which should be applied for an online business includes, sell products, sell advertising, sell information, sell services and to become a reseller. All of these options are complied together. For any virtual business an individual should always look for products with high margins, high demand and less competition either for physical or digital manner. However, many services are sold on internet such as web hosting, domain name registration, software applications and comparison of different products and services. Selling information is another basic option in an online business which is done in two forms, one is subscribing on a website where online articles are available for free and on the other hand e-books are popular and are free, they can be downloaded easily plus when the writing is done the cost of subscription is very low. Advertising on internet leads toward a lot of money though it's an expensive procedure, with a lot of traffic on a web site one can make money easily by joining any kind of ad network such as Google. By getting affiliated with another web site can also make a lot of money such as sending a buyer on another merchant's web page, like this one can get a percentage on per sale basis but first an individual needs to get expert in marketing for search engines.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.