Year In Review: Top Ten Internet Businesses 2004

The internet boom hit a high mark in 2004. With old
standbys and new emergences, the top ten internet
businesses 2004 show a variety of companies all with one
thing in common: they have adapted well to the World Wide
Web. Many companies have difficulties and struggle amidst
the huge ocean of the internet, especially since it is
quite difficult to maintain a personal face. The
companies in the top ten have not only succeeded in the
business sense, they have invaded out daily life and have
become a household name. From meagre beginnings, these
top ten entrepreneur companies have mastered this new
medium and are an inspirational to any budding
entrepreneur interested in starting an internet based
business.

The Internet search engine Google was the top internet
business of 2004. The world’s largest search engine
receives over 200 million hits a day. Businesses pay
Google to have an ad for their website appear to the
right side of the user’s search. The paid advertising
targets consumers seeking information. Google’s initial
public offering gave it a market capitalisation of over $23
billion dollars, placing it between Yahoo and Amazon.com.
In addition to becoming an economic success, the company’s
name has invaded our language. The verb “google” entered
the dictionary with a definition meaning “to look someone
or something up on the internet.” The essence of a truly
successful business is not only one that makes money but
also serves its clients to the utmost potential.

The online auction site eBay.com continued to expand its
services and customer base throughout 2004. As the industry
leader it boasts over tens and millions of members and has
websites in over 17 countries. eBay.com generated over $3
billion in revenues off of a record $34 billion dollars in
Gross Merchandise Volume.

Amazon.com continues to be the world’s number one internet
retailer with 2004 sales in excess of $6.9 billion dollars.
The retailer continues to expand its offerings and
partnerships with other retailers. Recently Amazon.com
rolled out a9.com, which provides consumers with expanded
search options to find merchandise on Amazon.com’s website.
As part of the Tsunami relief effort and in conjunction
with the American Red Cross, Amazon.com set-up an online
donation channel, which raised over $13 million dollars.

Yahoo Inc. provides comprehensive global internet services.
It remains the most visited website with over 3 billion
page views per day. Yahoo launched its own search engine
technology after dropping Google-powered results. Boasting
free and paid email accounts and website complete with
design tools, many pleased clients are using Yahoo.

Expedia, the Washington-based travel company has
revolutionized the entire travel industry. Allowing
individuals to serve as their own travel agents and search
a database of airfares, rental cars, and hotel rooms,
Expedia has allowed everyone to gain access to the
phenomenal travel deals that would previously be
reserved for insiders.

Technology giant Microsoft launched the Microsoft to serve
a variety of needs for a consumer. Boasting email, news,
chat software, and website hosting, MSN is one of the most
visited websites on the internet.

America Online has found a great deal of competition with
companies like MSN and Yahoo! but is still one of the most
popular internet service providers out there. Boasting an
entire network of satisfied customers, AOL goes beyond the
service of other providers. Many individuals new to the
internet choose to use AOL due to its ease of use and
availability all over the globe.

Netflix has become an increasingly popular option for many
movie-renting customers. Instead of having to travel to
your local movie store, the movies are shipped directly to
your home. You have an unlimited number of rentals and
pay a nominal monthly fee for the service. By lowering its
fees in the middle of the year to compete with lower
competitor prices, Netflix drastically increased its
clientele.

With the popularity of burning audio and video files to
create your own CDs, many copyright issues have taken
center court. Instead of illegally trading music for free
using person to person programs; Real.com has a wide array
of songs available for legal download for a nominal fee.
Additionally, Real.com offers a variety of free and pay
media players so individuals can play MP3s, CDs, DVDs, and
any other type of media file directly on their computer.

The last internet company in the top ten is online retailer
and technology giant Apple. Their website Apple.com boasts
an amazing number of customers each month, as it provides a
forum to purchase Apple products along with different
programs necessary for maintaining your Apple computer,
iPod, or any other electronic product sold by the company.

E-Commerce – What You Need?

Since the advent of internet, dictionary has been changed a lot. New words are coming and added up. Businesses are getting new meanings. In such terms Ecommerce is widely used in IT world. What is Ecommerce. Ecommerce is simply doing business online.

Is it worth to have Ecommerce for all the businesses? No, this is not true. Ecommerce is only viable for those businesses, which are willing to cross the boundaries and are not limited to a specific local area. This can be a small retail store selling sweets to a huge multinational company selling medicines.

There is lot of potential in Ecommerce. It is the most in expensive way of doing business but it need well planned strategy and patience. It takes years to get your position on the internet and start getting real customers.

In order to start Ecommerce what you need is a good web site with complete ecommerce facilities and then search engine optimization of your site so that it can start pulling real customers.

In Ecommerce solution there should be facilities for:

1. Product catalogue

2. Order Management

3. Merchant Account

4. Shipping

5. Client Management

It should be so simple that any one can buy products easily from your web site. Web site should also give a feel of comfort particularly for the safety of credit card so that every one can shop with any fear of misuse of credit card.

Site must have attraction for the visitors so that they can come again and again. There should be some sort of incentive for buying online.

Shipping should also be prompt and reliable.

This is very important not to jump in the ecommerce without thoroughly searching the net and having plan for your site. It is always good to prompt your site in a limited area than doing it globally.

Ecommerce and the Informational Internet

Everyday there are those who will ask me questions like, “What’s on TV tonight?” or “Do you know what the capital of Connecticut is?” or “How do you really pronounce Lancaster, Pennsylvania?”

What amazes me is there was a time when I would have referred to print publications to answer these questions. It would either be a television directory, atlas, encyclopedia or dictionary.

Today I spend a few seconds online in my favorite search engine and produce the answers I need from a variety of sources. I get to choose which sources I place the most trust in.

If your child is having difficulty with their homework and they ask you to help you can generally find supplemental materials online to help them – and yourself.

If you have questions about tax laws you can find information on the web.

If you simply want to know what’s playing on television at any given time there are a few alternatives to finding exactly what will be on your system. Those alternatives will be found online.

This is reality in the 21st century. Some may call it information overload, but for those who need to know they are most often turning to the Internet for answers.

As a business owner, how are you tapping into that ‘need to know’ mentality of your customers? What are you doing online that will assist them in understanding your product better?

There’s nothing worse than for a mildly motivated consumer to visit an ecommerce site and find something that seems interesting, but then leaves them in the dark about what the product can do.

They are thinking, “Man, I really liked that Whatzit, but I’m not sure if it’s a can opener or a weed whacker used by mice.”

The World Wide Web has become the dominant source for information. In the 21st century people are convinced that being able to access news when they want the information is imperative. Consumers have come to expect the immediacy of information and product availability.

One of the things I love is when I get an email from someone asking if I remember a certain product. I love this because in many cases I can conduct a few minutes of research and find that the product is still being manufactured and where it can be purchased. I feel like a purveyor of product reunions.

The web brings the trivial and the necessary together in one hi-speed connection.

You can set your business site apart by paying attention to the details of detail. Do you just sell a product or can you help your customers understand the product? Do you simply provide a service or do your customers know what to expect from your service?

The Internet is the equivalent of information in the new millennium. When people want to know and they want to know now they look online.

Your business website has to provide more than products to sell. It must also provide information needed to evaluate and imagine what life with your product will be like. When you fail to provide the details you also limit the ability of consumers to appreciate the value your product can offer.