It all began at the University of California
, Los Angeles, in October of 1969. Scientists there were working on an experiment to see if they could send information between two remotely distant computer using phone lines. Now, this experiment could have been with two computers across the room from each other or across the country, but the goal was to create a single working system. Although the first attempt failed, the scientists created the blueprints for the way the world would communicate and do business just thirty years later. Today, millions of people around the world either own a computer that is hooked up to the Internet, or have access to it through work, school, or other outlets. As the Internet is a relatively new idea, many companies are just now finding ways to use it to help them for financial gains.
For small businesses, e-commerce can significantly boost revenue and profitability. E-commerce sales are projected to account for one-tenth of discretionary purchases in the U.S. and an estimated 33 percent (and growing) of e-commerce revenue goes to small businesses. Despite the clear benefits of e-commerce for business including: visibility, accessibility and profitability, it is not without challenges for small business owners.