Online business and e-commerce has grown incredibly quickly in the last 10 to 15 years and there are no signs of this industry slowing down. But why exactly is it so popular and why has it continued to grow even with the current economic climate?
Of course this is an enormous subject and this article could go on for ever, so I will try to keep some of these points short.
I think that one of the main factors responsible for the continuous growth of e-commerce is the fact that many online businesses can be started with very small or zero start-up costs. People can now produce free blogs and websites within minutes and monetise these the same day.
There are also many free traffic getting methods that people can apply in order to bring visitors and customers to their online real estate.
Another factor seems to be growing confidence that consumers have when it comes to buying online. At one time people were almost scared to enter their credit card details into a computer, but now this is common practice for most people.
The result is more and more of the world’s population willing to spend their hard earned cash online.
I think one of the final factors is also the current economic credit crunch. People are actively seeking extra income’s or they are wishing to diversify their income. Therefore more and more people are adding to the growth of this industry, literally as they arrive home from work. People can now easily jump onto the computer when they get home and add to this growth.
Learning how to develop an e-commerce business is a growing trend.
