What is Web Commerce?
- August 18, 2016
- Posted by: iNurture
- Category: Blogs
Web Commerce/ E-Commerce is a quiet revolution that is going on all over the Internet nowadays. It is not a novel concept. In fact, it has been around for practically as long as the web itself. However, it is only in recent years that online trade has started realising its potential. This was a result of growing users of the internet and user’s increased trust in using the web as a platform for conducting commerce. This is already a multi-billion dollar industry that is poised to further develop and enhance its share in the overall business/commerce space.
It first made its presence during the affluent days of the internet. User in the online as well as the offline spheres, with no idea of the actual potential of the Internet, began planning of related sites. They made wild predictions based on the rate at which the Internet was thriving and regulated that their retail sites would be wildly successful. They neither had the expertise nor the competence to make Web Commerce succeed. In fact, almost all the forecasts of internet success in those days were enthusiastically inflated. When the bubble burst, such sites were hit hard, and many experts starting forecasting the end of E-Commerce.
Conversely, Web Commerce was far from dead! In the next few years, as both businesses and technology matured, it has made a strong come back. And what a recovery it has been! Analysts from some of the major consulting groups estimate that today nearly one third of all goods and services are transacted through it. You need not look so distant to see the development of this technology; just think about your own online activities. The books you buy, the music you source and progressively the products you shop for, whether technology related or otherwise, are empowered by E-commerce. It is a global trend that shows no signs of reducing down!
Presently it is not just a substitute to traditional methods of commerce. It is the first-hand revolution in commerce that has more and more users contributing in it. After all, the achievement was confirmed ever since the Internet came into being. What could be a more expedient, accessible and contented way to involve in commerce than from in front of your own computer screen? Furthermore, the increasing advancements in the field of Internet security have only made Web Commerce more feasible.
Purely internet based businesses like Yahoo, Google, Amazon and even eBay owe all of their triumph to the concept of E-commerce. This is what has empowered these businesses to come into being and t become a lucrative source of commercial activity. And going by their track record, additionally as the demand being crafted for Web Commerce by individuals like you and me, the future has only healthy prospects in store!
This means that Online Shopping is the new opportunity for many users. Now is the impeccable time for anyone to get their share of the action going on the internet? First, the internet started as a platform for research and information. Now, the internet is a big share of our lives, and I and you can corroborate to that every day. Individuals are engaging in online shopping every day, and consumer trust of the Internet as a safe medium for transactions is increasing.
The point here is, you should get on this gigantic wave of opportunity; it’s not too late. Internet users are growing everyday by the thousands, and the technology is growing as well. So, if you are selling products offline, contemplate opening a web store as an added sales channel of your merchandise.
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