What happend at Ecommerce Industry from 2000 - 2017

Posted by Bevisible BDM

Explain by Bevisible Marketing Company source : Wikipedia

  • 2000: Complete Idiots Guide to e-commerce released on Amazon
  • 2000: The dot-com bust.
  • 2001: Alibaba.com achieved profitability in December 2001.
  • 2002: eBay acquires PayPal for $1.5 billion Niche retail companies Wayfair and NetShops are founded with the concept of selling products through several targeted domains, rather than a central portal.
  • 2003: Amazon.com posts first yearly profit.
  • 2003: Bossgoo B2B marketplace established in China.
  • 2004: DHgate.com, Chinas first online b2b transaction platform, is established, forcing other b2b sites to move away from the yellow pages model.
  • 2007: Business.com acquired by R.H. Donnelley for $345 million.
  • 2009: Zappos.com acquired by Amazon.com for $928 million. Retail Convergence, operator of private sale website RueLaLa.com, acquired by GSI Commerce for $180 million, plus up to $170 million in earn-out payments based on performance through 2012.
  • 2010: Groupon reportedly rejects a $6 billion offer from Google. Instead, the group buying websites went ahead with an IPO on 4 November 2011. It was the largest IPO since Google.
  • 2012: Zalora Group was founded and started operations around Asia.
  • 2014: Overstock.com processes over $1 million in Bitcoin sales. Indias e-commerce industry is estimated to have grown more than 30% from 2012 to $12.6 billion in 2013. US e-commerce and Online Retail sales projected to reach $294 billion, an increase of 12 percent over 2013 and 9% of all retail sales.[24] Alibaba Grouphas the largest Initial public offering ever, worth $25 billion.
  • 2015: Amazon.com accounts for more than half of all e-commerce growth,[25] selling almost 500 Million SKUs in the US.
  • 2016: Amazon.com aided more than 10,000 sellers[26] to generate more than $1 million of annual sales .[27]
  • 2017 : Introduce : Zairish (next level ecommerce)

2017: Most Trusted Digital Marketing Company Comes In front by the Name of Bevisible Marketing Company helps people to transform their traditional business to ebusiness next big open the platforms. On march Amazon.com acquired Souq.com the bigest e-commerce website in Middle East ( Egypt, KSA and UAE)

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Custumer Enjoy Ecommerce Era - E-commerce brings convenience for customers as they do not have to leave home and only need to browse website online, especially for buying the products which are not sold in nearby shops but now nearyou.online also increase interest. It could help customers buy wider range of products and save customers time. Consumers also gain power through online shopping. They are able to research products and compare prices among retailers. Also, online shopping often provides sales promotion or discounts code, thus it is more price effective for customers. Moreover, e-commerce provides products detailed information; even the in-store staff cannot offer such detailed explanation. Customers can also review and track the order history online. However, e-commerce lacks human interaction for customers, especially who prefer face-to-face connection. Customers are also concerned with with the security of online transactions and tend to remain loyal to well-know retailers. When the customer regret the purchase of a product, it involves returning goods and refunding process. This process is inconvenient as customers need to pack and post the goods. If the products are expensive, large or fragile, it refers to safety issues.

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