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Internet
- the breakthrough?
Getting online will be one of the most advantageous decision
you ever made for your business. |
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Goldman
Sachs' investment research reported B2B and e-commerce in the
region rated Australia as one of the economies best place to
benefit from the B2B revolution (ABS, 2000).
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Contact Us!
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Websites,
a new business revolution: Around
the world, those that are using the Internet as their main form
of advertising, are benefiting greatly. The diagram opposite illustrates
the dramatic growth in number of business websites worldwide during
last few years.
Up to 86% of 61,000 Australian businesses involved in Internet or
web selling, reported a benefit to the business, a survey conducted
in 2000-01 describes. |
Websites
Worldwide
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Not only have
we witnessed a dramatic increase in the number of Australian businesses
using Information technology (ABS, 2002), but the use of the Internet
has grown more rapidly, from 29% of employing businesses in 1997-98
to 69% in 2000-01.
Over the same
period, the proportion of Australian businesses with websites
or homepages has more than tripled, from 6% to 22% of employing
businesses (ABS, 2003), and the growth of websites as witnessed
since the boom of the Internet era, will continue to grow.
Results found 99% had access to the Internet and 81% owned a website
or homepage. About two-thirds (63%) reported that the ability
to sell goods or services via the Internet or web had increased
trading outside their local area. There was also an increase in
trading outside normal business hours (61%), and 57% of business
reported an increased efficiency in business procedures (ABS,
2003).
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Selling and online presence:
Since the e-commerce
community is rapidly growing, where the number of consumers purchasing
their products over the Internet is increasing dramatically, it
is important you grab this once in a life time opportunity to own
a website for your business. |
Online
Purchases
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This marketing
phenomenon is rapidly changing the Internet retail market into
a virtual marketplace, where Australian businesses on its own
earned AUS43 billion (USD24 billion) in online revenue from December
2000 to mid 2002 (NUA, 2003), and consumer spending in the United
States was up to USD$1.3 billion in 2002 - a 95% increase over
the previous year (Habib, 2003).
An exponential
growth of total sales made globally (refer to graph above), is
seen to increase steadily from the year 1998 to 2003. You too
can be found amongst these fortunate businesses earning a great
deal. All you have to do is get online!
Australia
also provides businesses with one of the most secure Internet
infrastructures in the world. Figures released in March 2000 by
the OECD ranked Australia third in the world for providing secure
servers (ABC, 2000). This indicates Australia can expect a strong
growth of secure electronic commerce over the Internet.
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Global shift - from shopping malls to Internet virtuality:
In 2002, the total number of people that actually went online in
a given month was estimated for every country. The total Internet
population (for a given month), can be seen, in the graph opposite
for the top 12 countries. The ratio of Australians that went online-vs-Total
Population is much bigger then many top Internet countries.
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Top
Internet Countries
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With the greater use of the Internet for B2C (business-to-customer)
and B2B (business-to-business) transactions, the National Office
for the Information Economy (NOIE), states these transactions
will further support a strong and favourable productivity growth
for your business.
References
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