The definition of e-Commerce, in Webster's Dictionary, is ?commerce that is transacted electronically, as over the Internet'. People can track their finances online through the Internet. Why track personal finances and pay bills over the Internet? The main two reasons: 1) tracking finances through the Internet has economical advantages, and 2) the efficiency of the Internet.
One of the most popular Internet myths is the claim that building an online store is easy. The myth is a belief that all the customer has to do is point, click, and buy. In reality, successful e-Commerce is far more complex and unlike any other web site project tackled in the past. Individuals trying to make an easy fortune on web business need to beware of the task at hand. Before that first "cyber-buck" transfers into your bank account, you need to do considerable research and planning.
As you begin planning, consider all issues that need to be addressed. Some issues include registering a domain name, setting specific goals and charting the progress towards meeting those goals. Next, you must construct a successful online business plan. You can imagine a real company that suddenly decides to regard the "welcome" announcement of e-Commerce.
Imagine you are working for the Ford Motor Company, one of the nation's leading suppliers of heavy-duty trucks. Your CEO is catching up on the past several months of business journals and the spark plugs start firing. The screaming headlines cannot be ignored: "Consumer e-Commerce Will Jump To $26 Billion By 2002" and "U.S. Online Business Trade Will Soar to $1.3 Trillion By 2003". Most importantly, Chevrolet has rumored to be developing its own E-business plan. So the CEO meets with the board of directors, and after an agoniz ...