How Electronic Commerce Is Affecting American Industry Essay example --

ELECTRONIC-Commerce How It Is Affecting Ameri tail end IndustryThe net income all oer the past few years has seen a huge step-up in online businesses and consumers. Electronic-commerce is expected to generate $36 billion in revenue during 1999, up 140% from last year alone.1 With such a huge enumerate of money to be made on the Internet it is becoming actually appealing for small businesses and start-up companies to try and make their niche in e-commerce. The Internet is drastically affecting the way companies and people conduct business now. E-commerce encourages issue in existing as well as late businesses because of get overhead costs, the huge consumer base and the freedom of information flow. However the online whirling has created a mountainous amount of competition for consumers between businesses despite the feature that the public does not yet have total confidence in the e-commerce market.The Internet is a free and seemingly boundless medium that is distributed t o over 200 million people worldwide.2 This creates a large market for companies that atomic number 18 competing on the Internet, which acts as a level playing field. Small companies can compete with larger vendors by getting their product and prices seen by anyone implicated online while not being limited by their locale or to just their local area consumers. Another reason why e-commerce is so attractive are the low star-up costs required to start a company. A basic site can be created with as itty-bitty as a couple hundred dollars, a computer and a little imagination. A business can then be order from a home or network instead of a large expensive building where many employees and machines are needed. Because of this online businesses can sell their products for some(prenominal) less by passing their ... ... Internet shopping is expected to increase by at least 50% into the millennium, which leaves much room for return and new opportunities for new and adventurous companies .4 E-commerce has opened up a new market in American industry that is forcing companies to become part of the online gyration or suffer the consequences in the long run. The freedom of the Internet have with the huge amounts of information make for a more easily approachable environment that will revolutionize the way all business is conducted in the future.Notes1. Shop.org. 30 October 1999. http//www.shop.org/nr/99/071999.html2. NUA - Internet Surveys. 03 November 1999. http//www.nua.ie/surveys/how_many_online/index.html3. C-Net. 1997. 30 October 1999. http//sellitontheweb.com/ezine/news0296.shtml4. C-Net. 31 October 30, 1999. http//sellitontheweb.com/ezine/news0310.shtml