Internet revolution has taken the whole world by storm. In only five years the web has almost doubled in terms of the number of users according to the Internet World stats and as represented in the two pretty slides by royal.pingdom.com
In numbers about 1.1 billion new users have joined the internet population. Amazed? Well that's the truth. Okay now answer another question. How many mom and pop businesses have closed down in your area in the past year? Another question: How many of your acquaintances have lost their jobs in the past six months?
According to the International Business Times about 9 million jobs were lost in the U.S. in this recession. Following is a graphic representation of the long term unemployment rate states-wise across the U.S.
It's not just U.S. actually the entire world is going through a phase of recession. Even Europe is badly hit. Take a look below:
Importance of E-commerce
Online presence is the new gold standard of successful companies. Even the big name companies are now paying serious attention to online retail selling or "e-commerce."
E-commerce is undergoing an explosive growth due to the fact that more and more people throughout the world are getting connected to the internet either by their laptops, computers or mobile devices i.e. tablets and smartphones. They now have access to shopping sites worldwide to choose what they want and they are certainly opting to do so from the comfort of their homes.
More and more established brick and mortar businesses are creating their online presence because they want to be where their customers are...
Yellow pages are dead, magazines are dying and newspapers are losing their readers... Why? Because, now we have this wonderful thing called internet which keeps us connected 24 hours a day, 7 days a week with our friends and interest groups and also gives us free access to hoards and hoards of information of any kind we desire.
According to Forrester Research: E-commerce now makes upto 10% of the total U.S. online retail at $218 Billion and it is expected to jump to 11% at $279 Billion by 2015.
Globally also the e-commerce is predicted to rise. See the forecast below:
Internet has brought the global market place at our door step. We can buy anything from anybody anywhere in the world or we can sell our stuff to anybody living anywhere in the world.
So this is actually the time for businesses to take internet marketing seriously and reap the profits before their competition figures it out and captures the market.
I hope by now you are sufficiently convinced that e-commerce is the face of the future retail business and if you want to start your business, the best place is online! Also because the startup costs of an online business are much less than a real brick and mortar business. In an online business you can afford to make mistakes and yet recover without losing all you've got.
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