Read more at eMarketer . I bet there are a lot of CEOs who blew through at least a million apiece kicking themselves in the head right now. I actually know of a number of very successful e-commerce sites that have been turning a profit since day one. It just emphasizes the point that all you really need is a good business model and you can make money on the 'Net. At least I have a story for my children some day.
Profit margins are too low or the people running the show are too greedy.
People using the net are looking for bargains just like they do in normal shops, but it is cheaper and sometimes faster to get a number of quotes for the same product and service online. Personally I love the internet and the idea of getting goods from around the world. However last time I used Amazon it took 6-8 weeks for the book to arrive. It would have been quicker and cheaper to have ordered it from my local bookstore. Comments are limited to 2000 characters, and are posted immediately.