Internet In Business World 3456

The history of the Internet traces its roots to the United States government.The original use of the information system was to maintain communication duringthe cold war, with the Soviet Union in 1969, by the Department of Defense,incase of a nuclear attack or a major catastrophe.

The National Sciencefoundation created the Internet based on the ARPAnet. The first mass connectionwas between the University of California Santa Barbara, Stanford ResearchInstitute, the University of Utah and the University of California LosAngeles.Ray Tomlinson develops E-mail in 1972.The ARPAnet became obsolete in1982, but the basis for the program is still used at the present time. The Webbegan in 1989;it wasn’t released to the world till the early 90’s that’swhen it became the World Wide Web.

In 1993 Marc Andressen created software forthe Internet to publish text, images and sound. Andressen also introduced thefirst graphical Web browser, called Mosaic, still in use today. The UnitedStates runs most of the access to the Internet with 62% of all the routers, nextclosest is the United Kingdom with 5.2%. That is just an example of what Americacontrols much on the Internet.

70% of the writing on the Internet is in English,next is Japanese. Statistics say 1 in 3 people use the Internet for E- Mail, 1in 6 use it because they want to find out how it works, 1 in 8 want businessinformation and 1 in 2 go to the Internet for education, hobbies, job listings,and entertainment. In 1993 less than 1% of users paid for use of the Internet.By 1995, it rose to over 200% due to the profits companies made from theproviding this service. This became a common change that businesses have madesince the beginning of the information highway. It was then clear that theInternet wasn’t going anywhere anytime soon.

This stared a trend, which isstill being felt today and into the near future. Because of the demand for theInternet around the World, and the amount of capital a business could make thatprovides this service, is astounding, a good example of this is Cisco, a onceSilicon Valley based business, which is now a Internet technology provider,reaped in $10 billion in 1986 without an IPO (initial public offering), and thisis 14 years before the Internet became what it is today. In 1999 they became thethird company in history to surpass $300 billion in market capitalization,second is Microsoft, and first is General Electric. Out of 150 million peoplewho have access to the Internet 80 million of them are looking for opportunitiesto make a profit on the Internet. The entrepreneurs, small business owners, andlarge corporations are changing the Internet. Some of the information that useto be free is now being held for a price to subscribe to a companies web site.

This is mainly because of the money involved in the E-commerce businesses andthe amount of information acquired everyday in the use of the Internet, whetherit’s a question about a service or a complaint about a product. Internet basedbusinesses have went from poor to rich overnight, this is the reason most peopleare in search of the goldmine of answers and money the Internet provides to thepublic through business on the Internet. Internet based businesses have wentfrom poor to rich overnight and have a market full of consumers that arefinancially stable and are in demand of services and information from theInternet, this is the reason most businesses are in search of the goldmine theInternet provides. I.The three main reasons for people using the Internet. A.

Communication 1.lower long distance charges than the telephone 2.technologybeing developed to make long distance phone calls free 3.E-mail 4.less expensivethan postage stamps and paper 5.

is less time consuming 6.availbe 24 hours a day7 days a week 7.unlimited boundaries B. Business 1.80 million out of 150 millionare on Internet for business opportunities 2. No geographic boundaries 3.

accessto more consumers 4.150 businesses join the Internet every day 5. Open 24 hoursa day 6. Less labor force needed 7.

able to answer question 24 hours a day 8.abigger and cheaper way to advertise C. Education 1.more than 51% ofinstructional rooms had Internet access in 1998.

2.Classes and Seminars overInternet can be taken 3.virtualy all schools in the US are connected to theInternet and hookups in classrooms have increased 20 fold-since 19944.convienience, now people can learn at home 5.Internet based training hasbecome a common business tool used to obtain advancements in job level. 6.

newupdates on material learned available daily 7.tutoring over the Internet isavailable II. Why Business makes up a major part of the Internet A. Entrepreneur1.a independently owned business can start up with under $1500.

2.small laborneeded if any. 3.no need for warehouse the, Internet provides a business wereyou can sell their products from your home or office. 4.advertising cost arelower because of E-mail and Internet business Web page communities.

B. Smallbusinesses 1. 40% of small businesses have their own web site. 2. smallbusinesses owned by women are more likely to have access to the Internet thanmales that’s 67% vs. 63%.

3.minority owned business buy goods and servicesfrom the Internet more than other at 53% vs. 37%. 4.more than 600,000 smallbusinesses were selling their products and service via e-commerce sites in 1999with valued transactions at $25 billion.

5.of 7.5 million small businesses 11%were engaged in e-commerce activity. 6.

71% used E-mail in 1999. 7.58% conductbusiness research on the Internet. C.

Corporations 1.B2C (Business to consumer)sales just over the Internet will grow from an estimated $25 billion in 1999 toover $152 billion by 2002. 2.In Internet advertising, opposite of televisionadvertising, the top 10 Internet corporations spent only $367 million which ison an average $36.

7 million a piece which is fairly low to advertise yourcorporation to the world everyday in a month. 3.The nations largest ISP(Internet service provider) reaches nearly 50.3 million consumers. 4.

Categoriesleading online spending were consumer-related (31 percent), financial services(17 percent), computing (16 percent), new media (12 percent) and businessservices (7 percent). III. Why business are doing so well on the Internet A.Buyer Demographics 1.

two thirds of those who shop the Internet at least threetimes a week are women, 32% of these women have incomes of over $75,000 a year .2.the biggest gap in Internet shoppers exist between the rich and poor notbetween ethnic groups. 3. 70% attend college, and 65% have white-collar jobs.

4.users that have been on the Internet 3 years or longer are reported to spendan average of $266, compared to newcomers with an average of purchase of $109every three months. 5.teens spent $161 million online in 1999, that’s only 1%of the total US online spending. Estimated to go over $1.

4 billion by 2002.6.Internet users increase by 10% every day. IV. Conclusion Business on theInternet has no signs of disappearing or getting smaller.

With over 150businesses joining daily, plus research has also been done and its is estimatedthat by the year 2004, if not sooner, there will be 90 million consumers on theInternet. With the technology advancing, to where you can access the Internetfrom a cellular phone, your car, even your TV, plus MP3 which downloads musicfrom the Internet and can hold over 1000 songs, the Internet is becoming a wayof life for some people and for businesses a very profitable outlook in thefuture. The Internet has changed a number of areas in society, especially thebusiness world, in the past 20 years. In the last 40 years the Internet has wentfrom a method of defense communication for the government, to a business venturefor an entrepreneur or a fortune 500-company .The Internet is away for gainingconsumers, products and capital for a business. Bibliography1.

Bunnell, David. Making The Cisco Connection, The Story Behind The RealInternet Super Power. New York. John Wiley & Son Inc. New York. 2000.

2.Christopher, Harper. And That’s the Way It Will Be. New York. NY UniversityNew York.1998.

3.Cyber Atlas. Internet. Com Corp. 1998-2000. 15 July.

http://cyberatlas.Internet.com/ markets/education/ 4. Government and Education Log On. PC Magazine27 June 2000: 12. 5.

How does the Web work. CNET Networks. 1995-2000. 6 July.http://coverage.

cnet. com/Content/ Features/ Techno/ Networks/ ss04.html6.Juliussen, Egil.

Internet Industry Almanac. Nevada. Computer Industry AlmanacInc.1998.

7. Project Xanadu. Project Xanadau History. 1999.

9 Feb. http://www.Xanadu. net/ com. 8.Vablais, Cerise, and, Tony Leiniger.

How the Web WasWon.Redmond Wash: Microsoft, 1998. 9. What is the Web.

CNET Networks. 1995-2000.6 July. http://coverage.

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