Highlights from a presentation on June 3, 1999 to the Southwest Region Economic Development Administration Annual Conference in Dallas, Texas
1998 Internet advertising |
$2 Billion |
1998 Internet consumer sales |
$8 Billion |
2003 Internet consumer sales forecast |
$108 Billion |
1998 Internet business to business sales |
$43 Billion |
Cost of "average" big-company store web site |
$1 Million |
Electronic commerce is growing, and small businesses in small towns can do it.
Example: Iron Works in Stockbridge, Michigan (www.topgrill.com) which sells high-end gas barbecue grills.
Example: The Public WebMarket from Center for Civic Networking (www.webmarket.org). This is a cooperative web building effort by community-based organizations and microenterprises.
The numbers above show that e-commerce also works for business-to-business, as seen in the example of Milpro (www.milpro.com), a site that aggregates the offerings of machine tool parts producers.