An e-commerce explosion.In its first 200 days of existence, Quixtar.com racked up $250 million in e-commerce sales. Launched Sept. 1 of last year, Quixtar--a sister company of Amway--has reported daily sales averages of about $2 million, and had its first $4 million day on April 3. Quixtar's rapid growth reflects the worldwide e-commerce market, which is expected to balloon balloon, lighter-than-air craft without a propulsion system, lifted by inflation of one or more containers with a gas lighter than air or with heated air. During flight, altitude may be gained by discarding ballast (e.g. to $4.3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. by 2004--with an average annual growth rate of 82%, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by Business Communications Company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , Norwalk, CT. The report says overall e-commerce spending in the U.S. will increase to $3.169 trillion in 2004, from the $164 billion posted in 1999. The consumer segment--Quixtar's major revenue source--is expected to increase from $22 billion in 1999 to $157.4 billion in 2004, an annual 48.2% growth rate. An increase in the number of Internet users--and their increased spending--will be the force behind this growth, the report says. International consumer e-commerce will grow by 76.2% each year, from $7 billion in 1999 to $120 billion in 2004. The Grand Rapids Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , MI-based company utilizes independent business owners (IBOs), who refer clients and members to the Quixtar Web site to purchase a variety of products and register others to be IBOs. "Quixtar is different than other e-commerce sites because we don't need to advertise in order to build our brand," says John Parker The name John Parker may refer to any of these people:
Quixtar was recently ranked the seventh "stickiest" Web site, according to USA Today/Nielsen ratings; it also topped the health/ beauty e-commerce market and ranks sixth among fashion sites. The bulk of e-commerce revenues, however, will be in B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , according to the study. U.S. expenditures by businesses buying materials and services from other companies will increase to $3.012 trillion in 2004, from $142 billion recorded in 1999--an annual growth rate of 84.2%. International B2B sales, estimated at $37 billion in 1999, will grow annually by 92% to $980 billion in 2004. The study says that the Internet will become a viable resource for international consumers and businesses/once adequate telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and infrastructure is established. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion