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What is e-commerce?

e-commerce explained

E-commerce, or electronic commerce, is the buying and selling of goods and services across the Internet. An e-commerce Web site can be as simple as a catalog page with a phone number for ordering, or as sophisticated as a real-time credit card processing site where customers can select their product and pay instantly via credit card.

 

why do I need e-commerce?

E-commerce is the wave of the future. Selling your products and services online allows you to reach a global population with unprecedented buying power. Your online business will be open 24 hours a day, 7 days a week—you can even sell while you sleep.

Consider these facts concerning e-commerce:

  • Over 20 million people are currently buying products and services through the Internet.

  • Global e-commerce spending in 1998 was approximately $50 billion.  In 1999, it was $111 billion.  In 2003, it is expected to reach $1.3 trillion.  

  • Currently, the frequent online shopper spends an average $672 per year online; in 2001, this average is expected to grow to $773 per year.

  • Consumers are gaining confidence in the security of the Internet, which will further increase the growth in sales.

  • Setting up an e-commerce Web site is relatively inexpensive compared with traditional marketing efforts.

To find out more about HostGlobe's e-commerce offerings, please contact one of our knowledgeable sales consultants at 1-888-571-7516.

 


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