It was in the 1970’s that eccomerce appeared on the scene. Originally it was a process of electronically transacting business using Electronic Data Interchange and Electronic Funds Transfer. This was a way of making electronic transactions and information between businesses. This is the basis of the eccomerce that is enjoyed today. Although this was an adventurous plan they could not begin to predict eccomerce and the future it would bring.
Because of this original invention, credit cards, ATM machines and telephone banking developed in the 1980’s. Early in 1990 this expanded to include enterprise resource planning, data mining and warehousing. By 1994 this phenomenal use of technology started to advance by leaps and bounds.
With the introduction of high speed internet connections there were faster connective speeds and the ability to make more online transactions. Between 1998 and 2000, businesses first started building their online eccomerce sites, unfortunately, in 2000 there were a number of these businesses that failed. This was mainly due to their failure to realize the type of web site design that is needed to be successful.
This did not discourage many of the stronger businesses and they stayed with the idea of eccomerce. The success of their faith in the idea is illustrated by the huge amount of commercial transactions that now happen every day on the Internet.
It was in 1994 that eBay and Amazon were the first to establish eccomerce brands. This was not success at first try. Amazon is considered the first eccomerce pioneer but it was ten years before a profit was ever realized a profit because of the immense amount of investment required when it was launched.
It is hard to believe that Amazon started out as an online bookstore when one looks at its extensive coverage of online products today. It also was the original enterprise to pioneer in affiliate marketing, which allows other websites to earn sales commissions by way of referrals to Amazon sites. Amazon and Dell are recognized as the two largest internet retailers in the world.
It is amazing how a single idea can advance to the giant that eccomerce is today. When one looks at the thousands of online stores on the web, where it is possible to make a purchase at the click of a mouse, it is unbelievable. With their advanced web tracking abilities, these sites can determine customers preferences and plan their marketing accordingly. With the ability to make purchases on line, many people do the majority of their purchasing in this manner. Safeway and Albertsons even offer online shopping and delivery of grocery goods which has become very popular.
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