Notes

How the History of eCommerce Evolved to greatly 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 took permanent residence on the internet and have opted to maximize the huge benefits that accrue from its use.

It was initially taken to mean the process of conducting transactions electronically by usage 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 entire year 2000, which is famously referred as 'the year of the dotcom collapse' when established businesses worldwide realized the potential of the web and its prospects of serving a global customer base electronically.

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

Take the electronic data interchange for one allows home businesses to switch important documents making use of their clients without the need to move around. Alternatively the electronic funds transfer have made it possible for home businesses in remote locations without spending a supplementary dime to obtain payment for services already offered. These two developments have therefore made the life span of home based business owners easy.

Most businesses in Europe and the US actually set up their first eCommerce websites between your years1998 to 2000 despite the fact that they were rather skeptical following 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.

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

The entire year 1994 was important in the history of eCommerce since it saw the introduction of security protocols and high speed net connectivity. This meant that connection speeds would improve tremendously and invite transactions to be effected on almost real-time basis. With faster online transaction capability, eCommerce grew rapidly. Home businesses are bound to greatly reap the benefits of 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 the majority of their customers satisfied and definitely yearning for more. On the part, home based business owners will not be put on hold looking forward to 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 benefit of the internet and its eCommerce ability to grow in to the world's esteemed corporations such as Amazon and eBay. Not that they did not have their fair share of drawbacks over time. The main thing is that they had the temerity to fight back and just see where they are today. Home based business owners shouldn't be cowed by the length and breadth of these resources and also have it as an excuse for not venturing out there and exploit this rich history of eCommerce.

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