The internet has revolutionized the whole business world. It has efficiently transformed all the conventional methods of business practices like selling, buying and prompting products. With Internet, you can reach the far away customers with extreme ease. It was year 1994 when the first ever banner on Internet was launched on a website. There has been no look back since then. E-Commerce is playing a huge role in today’s business. From marketing or promoting a product to selling any product, Internet has eased it all, making business simpler, larger and more profitable.

Internet is very much capable of reaching all the parts of the planet. This gives any business a bigger and better exposure. Now you need not recruit salesmen to promote your product at every door. E-Commerce enables you to directly promote, buy and sell different products and services by the virtue of few clicks.

Internet has completely changed the market and its activities. You can use Internet as an amazing medium to market, promote and sell your products. Customers can easily buy the product they want. One can buy tickets to movie or can make a hotel or flight reservation from his computer. And all the banks are providing the online banking service which enables them to pay and receive payments on Internet.

Past few years have been incredible of the growth of e-commerce. People of cyber age prefer instant information about different services and products. And Internet enabled business organizations and merchants to fulfill the needs of their customers regardless the time and place.

E-commerce is not only the latest business marketing technique but is also the most efficient. And with the increasing rate of Internet literacy, the potential of Internet a virtual marketplace is unbelievable. People are finding it more convenient and so are the merchants. This is the reason that companies are investing good amount of money on their e-commerce strategies.

According to a recent study, the biggest product categories in e-commerce today include:

1. Books
2. Music
3. Hardware and Software Computer products
4. Home Electronics
5. Financial Services
6. Entertainment
7. Clothes, Shoes and Body accessories
8. Information
9. Gifts and flowers
10. Travel package services
11. Toys
12. Tickets

As every coin has two sides, e-commerce too has got its own demerits. People are still hesitant to share their personal and confidential information like name, bank name, bank account number, insurance policy number and many more. And the increasing rate of cyber crime is quite evident to this fact. And one realizes the security of their financial source is more important that their convenient levels. It is obvious that no one want to lose his hard earned money because of his negligence. So, it is advisable to all the online buyers to seal their deals with trusted online marketplaces.

But if all the market activities like buying, selling and paying are done within the frame of rules, one cannot overlook the potential of e-commerce taking over traditional markets. And only single reason behind is the fact that the benefits of e-commerce empower its demerits.

We will surely witness the day when all the business activities of each and every company or merchant will be conducted on Internet. E-commerce is not only the latest buzz but it’s the definite and bright future. Coming times will take us to the world with quicker and smoother business.

E-Commerce trivia:

Biggest Five Online E-Commerce Sites of 2008

1. eBay.com
2. Yahoo.com
3. Amazon.com
4. Google.com
5. Buy.com