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Word Count: 1,300
As our economy evolves new means of conducting and creating business are being explored The newest discovery e-commerce has given the world the ability to conduct business over the internet E-Commerce or Electronic Commerce is a general term for any type of business or commercial transaction that involves the transfer of information across the Internet This covers a range of different types of businesses from consumer-based retail sites like Amazoncom which is an online book store through auction and music sites like eBay or MP3com to business exchanges trading goods or services between corporations After several companies failing to profit within e-commerce due to overspending lack of volume and poor planning the e-business world began to develop day by day Many success factors which include market planning no overspending and grabbing the attention of the venture capitalists are needed to preserve and make the e-business a dominant force in a new era of business Even though e-commerce is considered the next step in the evolution of commerce there is reason for cynicism Rather than hearing success stories from the sector layoffs mergers and company failures have been the current trend Currently e-commerce companies are closing at the rate of one company per day Bloomberg Magazine There are only a handful of companies that are showing growth and even fewer that are producing profits Less than 20 of Canadians who use the internet have purchased products using e-commerce Globe and Mail Report on E-business What is even more unsettling is the inability to conserve customers who have used e-commerce Current trends indicate that there is no need or room for the success of e-commerce within the already cramped world of cyberspace The current saying within the e-commerce world as of late is too much too soon After many heavily capitalized companies went bankrupt lessons have been learned Initially the main focus for e-commerce companies was to get big and to do it fast
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