E-commerce can be defined as buying and selling goods and services online by businesses and consumers.

It can be divided into three categories:

• B2B - Business to Business (Siebel)
• B2C - Business to Consumer (Amazon)
• C2C - Consumer to Consumer (E-bay)

Retail wood sales would, of course, fall into the B2C category and lumber suppliers selling wholesale would fall into the B2B slot.

In the near future, people will realize that the Internet is ultimately a viable source of income for their business and there is money to be made in online commerce. But, there will be more realistic expectations and down to earth ideas than those that have been projected to date. More and more real-world businesses will use the Internet as an extension to their business.

Online sales will increase. Even during this current financial down period, we are still seeing a tremendous rise in Internet usage. Several recent studies have shown that more and more people are spending more time online and less time watching television.

Retirees who previously found the internet a daunting tool are now embracing it and revelling in the conveniences it offers - from online banking to researching and ordering products.

When advertisers see that more of their potential customers are online, they will begin to increase their online marketing budgets. Forrester Research says that in as little as 3 years, up to 20% of advertising dollars will be spent online.

Since more businesses will be functioning online, the B2B world is where you will see a dramatic economic increase.

Competition will increase dramatically as more businesses go online. Even now, almost every company has an online presence in one form or another. In the future most businesses without a Web strategy will not succeed.

If you would need help with your E-Commerce project please fill in this form or contact us directly to speak with a Mango Jar representative.