Wednesday, March 17, 2010

online business

I believe online business will be extremely successful moving forward. This is mainly due to the fact that the world as a whole is going digital and all of the technological advances resulting from that. Shopping online has made purchasing products quick and easy for consumers, and with more time I am sure this will become even more popular. The businesses that will succeed most are the ones that bring people what they want the easiest. Businesses which sell products everyone needs will find the industry most useful, as the ease they offer will attract consumers to get the wanted and needed products online. Examples currently seen of this include iTunes for music and Amazon for books, software and other products,

However, one of the biggest challenges to online businesses is the threat of identity theft. When shopping online consumers will face the possibility of picking up viruses on their computers or having personal information stolen by hackers. This has and will continue to turn some consumers off to the idea of online shopping and I think is the biggest thing handicapping the industry going forward.

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