Selling online- Status and Forecast of development

It was invented un the UK in 1979 by Michael Aldrich of Redifon Comluters. The worlds first recorded B2b ( Business to business) online shopping system was Thomson Holidays in March 1981. In 1992 Charles Stack created the first online book store, Book Stacks Unlimited ( akabook.com)
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Selling online- Status and Forecast of developmentSelling OnlineStatus and Forecast of development* AN OVERVIEW OF HISTORY :It was invented in the UK in 1979 by Michael Aldrich of Redifon ComputersThe worlds first recorded B2B ( Business to business ) online shopping system wasThomson Holidays in March 1981In 1992 Charles Stack created the first online book store, Book Stacks Unlimited (akaBooks.com)[7] In 1994 other advances took place, such as online banking and the opening of an onlinepizza shop by Pizza Hut.[6] During that same year, Netscape introduced SSL encryption ofdata transferred online, which has become essential for secure online shopping. In 1995Amazon expanded its online shopping, and in 1996 eBay appeared.[6].* Current status :Online selling and shopping process : completely through the Internet and creditcards Selling : sellers create an e-store/e-shop ( no need a real shop ) – websites, updateall kinds of products in stock ( including price, overview, images) to the websitesand provide advertisements to customers Shopping : shoppers enter the e-stores, click on the chosen products, add theitems to cart,pay money and finish the buying process Method of payment : credit card ( popular ), Cash on delivery, Cheque, wiretransfer, postal mony order,… Method of delivery : download, shipping, drop shipping, in-store pick-upProducts : vary among clothes, food, household appliances, books ( most bought ),electronic devices,… ect for all purposes Vary from brandnew ones to second-hand onesE-stores : various ones : amazon, ebay, ituneDistribution :all over the world where internet and transportation is available ( espSouth Korea )Price : fixed, offer discount, ( include shipping fee )Recorded statistics :According to a recent global survey conducted by The Nielsen Company, over 85percent of the world’s online population has used the Internet to make a purchase,up 40 percent from two years ago, and more than half of Internet users are regularonline shoppers, making online purchases at least once a month.( October to November 2007 ) When The Nielsen Company conducted its firstsurvey into online shopping habits two years ago, only 10 percent of the world’s onlinepopulation (627 million) had made a purchase over the Internet. Within two years,this number has surged by approximately 40 percent – to a staggering 875 million.Ebates.com : Online shopping outpacing offline spendingDespite economic depression, online sales through Ebates.com grew 57% year onyear ( bizreport.com)Problems arising : fraud and security ( phishing, computer security, identity theft ),faulty products* Potential :According to a recent report from eMarketer, e-commerce in Europe will reach 323billion euros ($407 billion) by 2011. That is an average 25% growth rate each year from2007 to 2011.A report released Friday by the price comparison service uSwitch, 40 percent of retailsales in the UK will be made online by 2020. Such sales made up only 2 percent of allUK sales in 2002, but will reach 15 percent this year, with total sales worth around £40billion.Why selling online?The development of the Internet : broadband costs have fallen while speed is increasing.This makes it easier and less expensive to shop online than it is to go out and shop inbrick and mortar stores. Another factor adding to increased online sales is the fact thatthere are now over 13 million broadband subscribers in the UK.The rapid pace of life and the demand of customers: convenient and fast way of shoppingThe potential profits brought to e-retailersA variety of products