Start Your Own Online Business Presence

The history of ecommerce is nothing else but captivating. It is true that e commerce has come a long way and is unthinkable without the internet and the search engines. No wonder history of e commerce has gone through an interesting metamorphosis, from an unheard of entity in the ’70s’ to the booming multibillion-dollar enterprise it is today. It has come well in handy especially in assisting today’s tech savvy businessman/woman who wants to work from the comfort of home. The term ‘e commerce’ is coined from Electronic Data Transfer (EDT) and Electronic Funds Transfer (EFT), the then only forms of electronic transactions in the 1970s.

In 1982 and throughout the 1980s, several online market places were started. Websites were designed and hosted and there was an increased proliferation of credit cards, ATMs, and telephone banking services. All these marked a major milestone in the evolution of the history of e commerce. Used computer parts were advertised and sold through e commerce from places as far as the Boston computer exchange market, to other parts of the world.

The mid nineties were a major point in the history of e commerce. This is due largely because of a major leap forward in technology. The first static web page was created, and it was a page that could link everyone to the online business world. Things had changed, and actually put many other marketing techniques out of business. E commerce had changed the world for the better. In many ways it has brought us closer together, and today e commerce websites are easier to use than ever before.

This, by far, eased the sale of their software, music and videos could be uploaded and downloaded by anyone who met the subscription criteria. The financial industry analysts called it the economical boom of all time. Internet use exploded and the world was turned into one global e-market. Services and products sales grew by the hour. People in developed countries quit going to work daily and started working from home. Since e commerce minted money by the hour, affluent households increased and thus increased the demand for expensive products and services to cater for the whims of the affluent.

It only took one year for e commerce to go from an industry of tens of billions per year, to over seven hundred billions per year. For an experiment that many thought would never work, it has certainly proven itself over the years. In fact, many people find that they cannot live without it.

The survival of many businesses depends heavily on e commerce. There are many companies, both large and small that are making as much money as some of the industry giants. Individuals have gained global influence thanks to the internet, and this phenomenon shows no signs of slowing down. The e commerce sales today account for 5% of all global sales. The history of e commerce has been colorful, and it has grown faster than any other revolutionary change in our history. Read the Rich Schefren blog to learn more.

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