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.

How the History of eCommerce Evolved to Help Home Businesses

The history of eCommerce began almost forty years ago but started gaining currency in 1991 when the internet was first embraced by commercial users. Ever since, businesses have taken permanent residence on the net and have opted to maximize the benefits that accrue from its use.

It was initially taken to mean the process of conducting transactions electronically by use of technology such as Electronic Data Interchange and Electronic Funds Transfer, which gained prominence in the 70s. The Boston Computer Exchange was indeed the first known example of eCommerce in the 80s. This perception changed in the year 2000, which is famously referred as ‘the year of the dotcom collapse’ when established businesses worldwide realized the potential of the internet and its prospects of serving a global customer base electronically.

It is becoming increasingly popular for people to shop on the web for the simple reason that it allows them to do their thing at their own convenient times as opposed to conventional ways that we know of in fact people can even shop in the privacy of their bedrooms thanks to the internet. Home businesses have gained tremendously as a result of the evolutions arising from this rich history of eCommerce.

Take the electronic data interchange for one allows home businesses to exchange important documents with their clients without the need to move around. On the other hand the electronic funds transfer have made it possible for home businesses in remote locations without spending an extra dime to obtain payment for services already offered. These two developments have therefore made the life of home business owners easy.

Most businesses in Europe and the US actually set up their first eCommerce websites between the years1998 to 2000 even though they were rather skeptical after the events of the dotcom collapse of 2000. Those who were courageous enough to stand up and take the challenges offered by the internet reaped its benefits when the following year business to business transactions online accounted for over $700 Billion in sales.

The history of eCommerce is therefore backed by tangible evidence in terms of revenues that can purely be attributed to its use. Home businesses too can improve their revenues by taking a permanent residence on the net. This way they would be able to net a wider variety of customer base and hence be poised to greatly improve on their return on investment.

The year 1994 was important in the history of eCommerce as it saw the introduction of security protocols and high speed net connectivity. This meant that connection speeds would improve tremendously and allow transactions to be effected on almost real-time basis. With faster online transaction capability, eCommerce grew rapidly. Home businesses are bound to greatly benefit from this phenomenon as it means their dealings with clients will now be prompt hence no question of time lags in between transactions. Service delivery will certainly improve hence leave most of their customers satisfied and definitely yearning for more. On their part, home business owners will not be put on hold waiting for feedback from clients. Most of the dealings will now be real-time meaning there will be an almost instant communication.

In conclusion, home businesses ought to take a leaf from established internet based companies that took full advantage of the internet and its eCommerce ability to grow into the world’s most respected corporations such as Amazon and eBay. Not that they did not have their fair share of drawbacks over the years. The important thing is that they had the temerity to fight back and just see where they are today. Home business owners should not be cowed by the length and breadth of their resources and have it as an excuse for not venturing out there and exploit this rich history of eCommerce.

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.