The Importance of eCommerce

According to sources like the Concordia University of St. Paul, the history of eCommerce can be traced to the early 1960s, when some students and businesses began using simple computer networks to complete commercial transactions.

In 1971, students from Stanford University’s Artificial Intelligence Lab, used ARPAnet (which was created by the military), to complete some “not so legal” trades with students from the Massachusetts Institute of Technology. In 1979, Michael Aldrich developed a business to business system, which worked via a telephone line and computers. This system was successfully used in the UK and in several European countries.

In 1984, several online marketplaces opened their doors to the public. Gateshead launched the first business to customer (B2C) online store during this year and it allowed Mrs. Jane Snowball, a 72 year old lady, to become the first recorded online shopper. CompuServe also launched the Electronic Mall during this year, allowing more than 100 online retailers to advertise and sell their products. It was also during the 1980s that the State of California in the US, created the first Electronic Commercial Act, which defined the basic rights of consumers in the web.

It was also during the internet boom of the early nineties, when some of the most famous online marketplaces and ecommerce services began. Since then, online commerce has not stopped growing and evolving, year after year.

During the past five years, the electronic transactions between businesses and consumers, increased dramatically, reaching more than a trillion in sales worldwide. B2B e-commerce has also increase exponentially and it can be said that it is now the preferred option for most organizations and customers.

E-Commerce transactions can be very simple, they are very convenient and they save us a lot of time, which is why many of us prefer to do most of our shopping online. For a large number of people, going to a physical store, having to deal with things like transport, finding a parking place and crowds, can be very stressful and this is another reason why online shopping is growing at an incredible pace.

Data from Forbes, shows that during 2020, e-commerce numbers soared, that online shopping increased by more than 75% and that this trend is extremely likely to continue. This is just a bit of proof about the importance of ecommerce for any vendor or business, but there are many more benefits to selling or shopping online and we are going to tell you about some of them now.

These are only a few examples of the benefits and the importance of ecommerce in today’s world, but there are plenty more and at MOONBYS, we will help you to learn more about them.

Whether you are already selling online or are still working from a traditional retail business, there are always new e-commerce opportunities and new ventures to start. If you are still not selling online and you are looking for ways to earn some income, starting your own online shop is one of the smartest things that you can do today. If you already have a traditional retail business, but are not offering your products or services online, a hybrid strategy will also be one of the smartest things that you can do today. Having a physical store and an online shop, will only create more opportunities for your business and help you to make more sales.

In the past, it was difficult for some to have their own web store, but today anyone can start selling online right away. It is no longer necessary to know how to code, to invest a lot of capital or time, to own your own online business.

At MOONBYS, we want anyone who is looking to start selling online, to own their own online shop and to be profitable. At MOONBYS, opening your own online store can take less than an hour, it is a very simple process and you can start your own web shop for FREE. We provide vendors with everything that they need to start selling online. We give you the tools that will help you to succeed with your e-commerce venture, we give you the opportunity to get paid directly from your customers and we give you the opportunity to reach people in the UK and the rest world.

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