Starting and running an online business is smart low capital way to start your own business or a great way to expand an existing business. Ecommerce or electronic commerce can help the smart entrepreneur create a niche, join an existing niche or find a way to help fulfil a need. Average users spend 32 hours a week online and worldwide Google is used to search for information more than 1 billion times per day.
The development of ecommerce, better delivery systems, better payment systems and the sheer number of people online mean more people shop online and stay online. 167 million people shopped online in 2012 alone all over the world, with the amount of social commerce average $9.2 billion worldwide. E-spending is projected to increase by 62% by 2016, the Internet Retailer reports. For the savvy businessperson, this can translate to steady sales for years to come.
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