The Rise of eCommerce

There is little doubt that eCommerce has become one of the most potent forces on the internet. With millions of

people running their own businesses either directed at

consumers or other businesses, the result has been a change that has

affected virtually all businesses both small and large within reach of the

internet.

Traditional retailers have also entered the internet in very strong numbers,

pulling out their own share of the total customer base found on the internet.

One interesting fact is that travel services and consumer electronics make up the largest percentage of

eCommerce businesses.

The reasons for the rise of eCommerce have been many and the explosion of new businesses online will continue for quite some time because the internet is reaching new people everyday. Here are

some of the reasons why eCommerce has taken off so well.

-       No Taxation

-       Worldwide Reach

-       Variety of Retailers

The lack of taxation has been cited as one of the biggest reasons eCommerce

businesses do so well. Because of this lack of taxation, people can purchase products at a lower rate and businesses do not have to keep complicated tax forms. The reach

of the internet is expanding on a daily basis as millions more people gain access. Plus,

the wide variety of retailers has led to increased competition which in turn has

lowered prices even further.

As eCommerce expands on the internet, so is the technology expanding

which is making it easier to create new websites and reach more people.

The development of expanded bandwidths has

led to the use of more images and video.

However, it is the expansion of the internet to more people which has led to a drop in the charges for those to

surf, build websites and utilize expanded services.

This is one reason that travel services has really taken off in the

eCommerce field. What once took a series of time consuming phone calls, people can now go online and book tickets, hotel rooms, rental cars and

more in just a few minutes while getting the best deal. Add to that the

competition which has worked to further reduce prices and more

consumers benefit.

Since the internet itself is strongly tied to technology, the consumer

electronics business has exploded online. Businesses that retail

consumer electronics have greatly increased their visibility and allowed customers to make purchases online

without having to go to the retail store.

The advancement of paying options online, especially services such as PayPal, have allows consumers to

make safe, direct purchases and have products shipped to them or they can pick them up at the store. Needless to

say, shipping companies have also greatly benefitted from the expansion

of the internet as well.

What is also true is that companies who market eCommerce software and

business ideas are also booming as well. With so many people seeing the internet as the place where they can operate a business, the services for creating such businesses sell in the

billions of dollars. Today, a person with relatively little money can set up their own eCommerce website and begin to

sell products or services.

You can start your own eCommerce business by

contacting us today.

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