The simple fact is that online business is nothing new in this internet-crazy age. Rather, it has witnessed a rapid growth as technology advanced and more and more people have access to the Internet ever than before.
We now do almost everything online, from shopping online to reading news, watching videos/movies, chatting and meeting new people, the Internet has become an integral part of our daily activities.
Gone were days when running an online business, especially e-commerce business, meant you would have to worry about payment methods, packaging and shipping.
But things are much more easy nowadays. Some recent researches have indicated that businesses are now closing down their stores to concentrate on online business.
Why is online business flourishing?
But online business are flourishing today thanks to modern technology.
From easily setting up online business to marketing it to a wider audience, modern technology has had positive effects on how businesses operate today.
But as technology becomes really advanced so as its vulnerabilities. Today, online businesses are in danger of incessant cyber attacks leading to identity theft, credit information theft etc.
But the fact is that businesses are coping very well and they are highly prepared against cyber attacks.
Why you should take online business more serious
Despite ever-increasing growth, online business – especially e-commerce, has not always been taken serious. According to the infographic by Digital Exits below, online business still has a bright future.
Multi-million dollar acquisitions are happening now more than ever and they just keep growing while storefront are cutting back to make way.
Gap, RadioShack, and Staples all plan to close down hundreds of stores in the coming years, going the same way as Blockbuster (who turned down an offer to purchase Netflix for just $50 million in 2000).
From mortar and bricks to cash and clicks, this infographic gives the rundown about what is actually going on in the world of e-commerce and what we can expect for the future.