E Commerce & Its Growth Spurt by Katt DelaCruz
E to stand for electronic eCommerce has been on a journey of development growth since the 70's. Electronic Data Interchange or in short EDI is the term that has taken the place of the eCommerce of yesteryears. Back then it meant eBanking but not any more. Now it means having ATMs a more advanced system of data exchange where credit card details can be passed over the internet.
Back in the 1990's the internet was not even half popular as it today that meant few people understood how eCommerce went on. to those who society refers to as computer geeks they understood it to be something that meant doing business online. That means that a virtual supermarket was created. There are records of people buying cars over the internet during this time. It only came to be more familiar to the other group of people after the internet received popularity in 1994.
One major reason for the lag in years that it took for the internet to take off globally may be that the government prohibited commercial enterprise via the Internet. It wasn't until late 1994 early 1995 that the security protocols were such that credit card usage over the internet was considered relatively safe. Not to mention we didn't have the option of continuous streaming through DSL until that time which made it nearly impossible to browse add to shopping carts purchase items via the Internet.
Moreover in the same period that is 1994s e commerce strategy made quite a number of landmarks. It saw the release of Mozilla by Netscape Pizza Hut enabled an online ordering where you made your order online. Talk about creating convenience. In 1995 Amazon was launched. Furthermore in the same year the first 24 hours radio station was launched eventually the renown eBay got its' way into the internet. However back then eBay was not the name used but it was Auction Web. EBay came in much later.
Gradually over the years e Commerce strategy has gone from being known only by the Internet savvy to being fully recognized by the average person. When one heard 'B2B' they eventually recognized that to mean business to business could assume it was referring to the concept of e Commerce. Retailers became e tailers receipts form purchase of products or services were widely accepted via emails form seller or provider. Email Electronic Mail instant messaging online shopping order tracking domestic international payment systems shopping carts electronic tickets have all become part of our daily vocabulary. In today's business world there really is no option to have an internet presence this is how fully evolved e commerce has become.
More recently due to the government's involvement consumers have begun to feel much more comfortable sharing their private information financial personal banking information over the internet. & today many businesses are completely online businesses with no actual 'brick & mortar' stores. E commerce strategy has become so fully evolved that it now possible to open your own online business not accrue any overhead such as rent or leasing a studio fax machines printers post it notes staplers with good e Commerce strategy you can successfully run your own business online.
Katt DelaCruz is contributing writer intern at [MN]interactive. com. [MN]interactive. com is web design creative design studio based out of Miami Florida USA. If you need assistance with e commerce consulting mninteractive. com or need ecommerce web site development [MN]interactive. com will exceed your expectations an assure you results. E Commerce & Its Growth Spurt
