The simple fact is that online business is nothing new in this internet-crazy age. However, does it still has a bright future?
To be honest, online business has witnessed rapid growth as technology advances, and more and more people have access to the Internet ever than before.
People 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 the days when running an online business, especially an e-commerce business, which meant you would have to worry about payment methods, packaging, and shipping.
But things are much easier nowadays. Some recent research has indicated that businesses are now closing down their stores to concentrate on online business.
Why is online business flourishing?
But an online business is flourishing today thanks to modern technology.
From easily setting up an 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 the online business more seriously
Despite ever-increasing growth, online business – especially e-commerce, has not always been taken seriously. 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 storefronts 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.