Impact of the History of Ecommerce on Small Businesses

The healthy financial standing of the small and medium business has, by far, been shaped by the history of e commerce. Considering the fact that SMEs (small and medium sized enterprises) are mostly a one-man show or a family affair, e commerce has paved the way for market penetration, financial advancement and the general e commerce business of small enterprises. It has given them a competitive edge over their larger counterparts by offering them a place in the 24 hour 7 days a week e commerce. Small businesses make up a majority of businesses in the developed nations as well as in the whole wide world and it would be to the detriment of e commerce to ignore their contribution to the electronic transactions.

Their products and services are diverse and of good quality. However, since sales promotions, campaigns and advertisements would be too expensive, then the cheap, convenient, and readily available e commerce comes in. It is only a click away and you get to link up with the global market where you showcase your products then sit back and watch as orders flood in. as a small business operator, once you log in to an e commerce service provider, you get linked up with online product advertisers and promoters who work on a commission basis. These are the companies or individuals who convince the global market out there electronically to buy your products, online of course.

The history of e commerce has worked to create the moderating effects in family businesses where the small businesses are given an equal chance with the big companies to showcase their products. The history of e commerce is a kind of a fulcrum that seeks to bring at par all businesses giving them equal opportunity to tap into the potential global market. E commerce offers the SMEs the opportunities of market exploration in order to enable them strategize on their next financial step. Advice is offered freely by different e commerce website. E commerce avails strategy, moderating effects and orientation top successful small businesses.

Cheap and operational websites are made easily available. In developed nations, people are quitting well paying white and blue-collar jobs to venture into e commerce. No one has ever looked back. Bearing in mind that the world has over 2 billion spenders who are internet users and who can be convinced into buying an online products, then e commerce is the link. It caters to the promotional and advertisement of products from people f all walks of life. Software products, travel agencies and other small business are connected into the larger global market of e commerce. Transactions are instantaneous, efficient and the booming cell phone consumption is a plus for the small businesses.

Certain e commerce software can be downloaded to cell phones. Bearing in mind the more than four billion cell phones users we have in the world today, the small businesses are keen on tapping in to this unexploited potential. Electronic message will reach the customer and immediately, an order placed. Such e commerce marketing strategies are changing lives positively as well as improving the economic health of nations. So far, the existence of the small business, since the time of industrial revolution and cottage industries, has been positively affected by the consistent growth in the history of e commerce.

Note that with emergence of e commerce the running of small businesses was hugely changed with the history of e commerce’s unending evolution, the small businesses have kept evolving too and changing small businesses for the better.

Key Milestones in the History of Ecommerce

The history of e commerce 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.

Come the mid-nineties and this marked a key point in the history of e commerce as the technology exploded. This period saw the designing and hosting of the first static web page. This was a website that linked individuals, organizations, and even governments to the global online market that the economic world had started to evolve into. This was the turning point of the history of e commerce where, in hindsight, electronic transactions went past the point of no return since then. E commerce was giving other manual and cumbersome marketing initiatives a wide berth and they had no choice other than to bow out. With the turning of the millennium in early 200, simplistic e commerce websites were designed by the then major computer software manufacturers.

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.

Within duration of one year (2000-2001) sales from e commerce soared with the developed countries in the lead, from a paltry figure of tens of billions to over seven hundred billion US dollars worth of total sales from e commerce recorded. The net worth of the affluent households rose, jobs were created, and the whole global economy improved. Almost ten years later (2000-2009), e commerce is today virtually indispensable. Services and products have to be promoted through e commerce.

The health of the world economic giants and the economical pathfinders heavily rests on e commerce. Companies continue to post profit returns that are beyond any CEO’s wildest dreams. E commerce sales have continued to grow and today, they account for close to 5% of total sales, globally and this figure seems to be rising almost by the hour. Thanks to the history of e commerce, it is now the stress-free electronic transaction choice of all time and the global economy heavily depends on e commerce that is only a click of a button away and so user and consumer friendly.

How History of Ecommerce Has Contributed to Affluent Homes

It is not a public relations stunt that the history of ecommerce has contributed greatly to more affluent households and/or homes in developed nations, as well as the whole world over. Ecommerce has catapulted sales to the highest possible levels and all this is done electronically over the internet. Since ecommerce charges head on in to the global market. Electronic transactions are quick and rich and this has created affluent persons. It is these affluent and tech-savvy whose expensive whims must be provided for.

Over 55% of people from developed nations do not commute to work and adhere to no dress code because they work from home. With a computer that is connected to the internet, you are in business. More affluent homes continue to sprout up because ecommerce is producing millionaires by the hour. This in turn encourages both spouses to work from time home, limiting expense while more than tripling their incomes. Affluent homes continue to grow because ecommerce is a steady business that has no risks of crashing.

Ecommerce has led to increase business. The former middle-income earners he realized that it is easy to achieve their financial dreams of joining the affluent club. Their homes are exclusively designed with fancy landscapes. It is true that these super rich ecommerce marketers live online. The search engines and the ecommerce websites are their food and drinks. By their affluent lifestyles, they are the dream target buyer of other electronic marketers and promoters. The history of ecommerce has unfailingly influenced the rise f affluent. The affluent homes belong to big spenders who in turn attract big sellers. It is these sellers themselves who graduate into the affluent clubs thus continuing the legacy of affluent homes

There are product advertisements in the history of ecommerce that were geared only towards the affluent homes. It is only the affluent who can afford them because of the affluent homes intense internet use other customers are finding it easy to locate products and services related to affluent homes in the ecommerce websites. The world’s superrich are their success to ecommerce’s history. Be they musicians, media, or computer moguls. Ecommerce has since its interception in the early eighties been predominantly earning to wealth audiences.

It has given the affluent wide channels to make extra cash without an extra ounce of energy. The net worth of the affluent homes has risen consistently pointing to the higher end of income brackets. All family members of the affluent household live on the internet marketing and promoting product to other affluent homes elsewhere. The amounts of money they spend are unbelievable but good. This ensures that the economy is stable because what the economy needs is the spenders and not spectators.

Products of all types are just a click away. The tech-savvy affluent households never miss them. They are given the first chance for new product promotions with hefty commissions. Their lifestyles by far surpass those of high-end politicians and white collar CEOs. With internet friendly cell phones and 24 hour 7 days a week ecommerce websites, business is actually peddled around in the pockets of the affluent. The history of ecommerce has favored the affluent homes and because of their strategic positioning and dynamism, they continue to dominate the affluent clubs.