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Getting Started in ECommerce - Part One
What does this mean? It means that if we understand the searching and shopping patterns of our target audience we are better able to create marketing strategies to effectively drive traffic to our sites. Don't yet have a website?
Government Buying and Selling on the Internet
Vendors willing to make the commitment to sell to government can reap the benefits of this projected government spending.
Is ClickBanks Popularity Drawing To An End?
ClickBank allows website owners to accept credit and debit card payments online and then deliver the products to their customers instantly. Since August 2005, ClickBank has integrated with PayPal so that people who either do not have a credit or debit card or choose not to use their cards online, can now pay using funds from their PayPal account instead.
It is one of the first digital e-currency providers, having started in 1996. E-gold accounts are backed by actual physical gold, dollar for dollar. You can take delivery of the physical gold if you wish, although there is an additional handling charge.
Today's Featured Ecommerce Information Article:
Google to Compete with PayPal?
Following reports that Google planned to launch a new Internet payment service (nicknamed Google Wallet), Eric Schmidt, CEO of Google, denied that Google would be directly competing with PayPal. He did, however, acknowledge that Google has plans for some type of electronic payment service.
Without revealing any details, Schmidt emphasized that the Google payment service will not offer the same sort of "person to person, store-valued payments system" as PayPal provides.
The Internet commerce industry was rampant with rumours of the new Google service following an e-commerce conference hosted by securities firm Piper Jaffray. Speculation that Google Wallet would encroach on PayPal territory was reinforced by the appearance of a June 20th article in the Wall Street Journal which stated that Google was planning an online payment service to compete with PayPal.
PayPal is a unit of eBay and generates almost 25% of total eBay revenue. It is used by consumers for making a wide variety of Internet purchases. It allows purchasers to use their credit cards without divulging their credit card numbers to merchants. PayPal takes a percentage of each transaction and had revenues of $233.1 million in the first quarter of this year.
Most of Google's revenue comes from online advertising and this expansion into online payments was seen by many in the industry as yet another example of the rivalry between the two companies.
Google is a giant in Internet commerce with revenues of $3.2 billion last year. A payment service that competed directly with PayPal would be a serious blow to both PayPal and eBay.
Google maintained silence about the rumours until Schmidt's comments last Tuesday. Without elaborating, he stated that Google's payment service would be an extension of its existing advertising programs.
Copyright 2005 by Ross MacIver
This article may be redistributed freely on the Internet or in ezines as long as the resource box and hyperlinks remain intact.
Ross MacIver is the director of Best Online Content. We provide quality content for your web site and offer a full range of design and SEO services.
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