The internet has revolutionized
the whole business world. It has efficiently transformed all the conventional methods of business practices like selling, buying and prompting products. With the Internet, you can reach the far away customers with extreme ease. It was year 1994 when the first ever banner on the Internet which launched on a website. There has been no look back since then. E-commerce is playing a huge role in today?s business. From marketing or promoting a product to selling any product, the Internet has eased it all, making business simpler, larger and more profitable.
Internet is very much capable of reaching all the parts of the planet. This gives any business a bigger and better exposure. Now you need not recruit salesmen to promote your product at every door. Enables you to e-commerce directly promote, buy and sell different products and services by the virtue of few clicks. Internet has completely changed the market and its activities. You can use the Internet as an amazing medium to market, promote and sell your products. Customers can easily buy the product they want. One can buy tickets to movie or can make a hotel or flight reservation from his computer. And all the banks are providing the online banking service Which Enables Them to pay and receive payments on the Internet. Past two years have been incredible growth of the of e-commerce. People of cyber age prefer instant information about different services and products. And internet enabled business organizations and merchants to Fulfill The needs of their customers regardless the time and place. E-commerce is not only the latest business marketing technique but is also the most efficient. And with the increasing rate of Internet literacy, the potential of the Internet a virtual marketplace is unbelievable. People are finding it more convenient and so are the merchants. . This is the reason that companies are investing good amount of money on their e-commerce strategies According to a recent study, the biggest product categories in e-commerce today include:
Music
Hardware and software computer products
Home Electronics
Financial Services
Entertainment
Clothes, shoes and accessories Body
Information
Gifts and flowers
Travel package services
Toys
Tickets
As every coin has two sides, e-commerce too has got its own demerits. People are hesitant to share their quiet personal and confidential information like name, bank name, bank account number, insurance policy number and many more. And the increasing rate of cyber crime is quite evident to this fact. And one Realizes the security of their financial source is more important that their convenient levels. It is obvious that no one want to lose his hard earned money because of his negligence. So, it is advisable to all the online buyers to seal their deals with trusted online marketplaces.
But if all the market activities like buying, selling and paying are done within the frame of rules, one can not overlook the potential of e- commerce taking over traditional markets. Single and only reason behind is the fact that the benefits of e-commerce empower its demerits.
We will surely witness the day when all the business activities of each and every merchant or company will be conducted on the Internet. E-commerce is not only the latest buzz but it?s the definite and bright future. Coming times will take us to the world with quicker and smoother businessE-Commerce trivia.
Five Biggest Online E-commerce sites of 2008eBay.com
Yahoo.com
Amazon.com
Google.com
Buy.com
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