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E-commerce

E-commerce is the sale of products and services over the Internet. It is the fastest growing segment of our economy. It allows even the smallest business to reach a global audience with its product or message with minimal cost. The sale of products or services on your Web site can generate sales that will make the difference between success and failure. Even Walmart, the largest retailer in the world with one billion dollars sales per day, could not anticipate the increasing wave of Internet business. On the morning of November 24, 2006, their Web site broke down because it could not handle the volume of Internet orders
180 million people in the US use the internet at least once per month
In 2005 there were approximately 1.08 billion people worldwide who used the internet at least once a month. This is projected to grow to 1.8 billion in 2010
The online population has hit 73% of all U.S. adults
The average income of Internet households is over $66,790, making the Internet user a very attractive customer for you to target.

2010-08-07

Is the Internet economy synonymous with e-commerce and e-business?

The Internet economy is a broader concept than e-commerce and e-business. It
includes e-commerce and e-business.
The Internet economy pertains to all economic activities using electronic networks
as a medium for commerce or those activities involved in both building the networks
linked to the Internet and the purchase of application services7 such as the
provision of enabling hardware and software and network equipment for Web-based/
online retail and shopping malls (or “e-malls”). It is made up of three major segments:
physical (ICT) infrastructure, business infrastructure, and commerce.
sent by e-commerce jobs at 9:20 PM
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