Electronic market is huge.
There will be over 250 million Internet users in less than four years, and one billion users in less than eight. And there are new Internet connection products now available including wireless and TV Internet making surfing and shopping on the Net part of our life.
The Electronic Market Place is the beginning of the next business revolution. E-market place is becoming a new communication approach that will affect the way you and your family live, work and play for the rest of your lives. Everybody will be there and everybody will benefit from this new world.
The electronic market is an almost "perfect" market. Most of the users are educated, can afford a computer (proving they have disposable income and money to buy what you're selling). Almost all of them have credit cards (most pay for their Internet access this way), and because they are "netters", most of them are impatient and impulsive buyers.
The electronic market place has been leveraging small businesses with big ones.
Until now it has been difficult for self-employed and small operations to make real money on the Internet. Only big guys could attract a flow of visitors to their sites and automate customer communication and payment processes because they could afford servers, software, advertising budget, and a large staff. Modern technology which is becoming more affordable and understandable brings the same possibilities to small guys. It is possible to set, run and market e-business including full automation on budget.
The electronic market makes e-business lives or dies on its marketing. Possibilities to start or expand online business cheaper and faster than off-line sharply increase online competition. It does not matter if you are small or big, you have to stand above the rest to sell your products or services on-line.
The electronic market brings new marketing opportunities. Search engines, directories, indexes, guides, portals, online classified ads, affiliate/reseller/associate programs, community tools, newsgroup promotions, discussion lists and newsletters, opt-in email techniques, auto responders, bulletin boards, electronic malls, They are open and affordable to anybody who is on-line.
Some rules of thumb of the modern electronic market:
- E-business can be the fastest way to lose a lot of money quickly. There are a lot of business owners who have lost thousands of dollars they put in designing and running their websites.
- E-business can be the fastest way to earn a lot of money quickly. There are a lot of online companies including small operations that are selling successfully on the Net.
- If the business doesn't have the budget, every marketing dollar must do the work of two (if not five, or even ten).
- In fact it is harder to get someone to buy on the Internet than in a normal business environment. While it is true that millions of computer owners are now online, it simply isn't true they are just sitting there eagerly waiting to send you money the moment you contact them.
- It's easier and more fun to earn money from e-business than from off-line business. You can earn a substantial income from your home or office computer with an online business while having free time to do other things in your life.
- What lets e-business become a truly moneymaking machine is a complete automation.