Consumers will be able to shop in their homes for a wide variety of products from manufacturers and retailers all over the world. Commerce on the Internet could total tens of billions of dollars by the turn of the century. Official decision makers must respect the unique nature of the medium and recognize that widespread competition and increased consumer choice should be the defining features of the new digital marketplace. Electronic commerce is about doing business on the web. It is about being able to contact millions of people 24 hours a day seven days a week.
People shop only when they have time to shop.
So, if you have a great idea and some spare time e-commerce offers the perfect opportunity for you to set up a business in a record amount of time. Market researchers are indicating that e-commerce has a very bright future. All the predictions about the future of e-commerce are extremely positive. There are many different projections about how much dollar volume will be transacted over the web by the year 2002. These kind of numbers tell us that consumer buying habits are going to vastly change over the next 4 years.