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Teleshopping
English inventor, Micheal Aldrich introduced what would eventually be known as e-commerce, by connecting television and telephone lines. He invented a system that advertised goods and service through television, giving viewers the ability to call an inter processing center to place orders, Aldrich called this system "teleshopping" -
E-commerce Companies
The first e-commerce company was Boston Computer Exchange, it was an online market for people who wanted to sell their used computers. Another online store that launched that year, Book Stacks Unlimited, was an online bookstore and was the first online book market. -
World Wide Web
Tim Berners Lee designed the first web server, and on august 6th he released it as a publicly available server. The National Science Foundation loosened restrictions regarding the commercial use of the internet a short time later, which paved the way for online shopping. -
Online Websites
eBay was one of the first launched in 1995, allowing users to buy and sell their items directly to other user, selling antiques, collectibles, and more. Amazon had began as an online bookstore and within several years, founder Jeff Bezos expanded to also sell music and movies, and Craigslist came online shortly after in 1996. -
Paypal Launches
The e-commerce payment system Confinity launches, now known as PayPal, it allowed a wave of independent providers, from online boutiques to web developers, to sell and get paid online in a secure way and within 3 years the company will handle $3 billion in payments from over 12 million customers -
Adwords
Google developed an advertising system to help businesses reach online target markets through its search engine platform and partner sites, it also pioneered the pay-per-click subgenre of advisements -
Amazon Prime
Amazon launched Amazon Prime at the initial price point of $79 a year, offering unlimited 2-day delivery on over 1 million in-stock items, this has paved a new era in online shopping -
Drop Shipping
The launch of AliExpress marked the beginning of a new era of online shopping known as drop-shipping, this business model positions a middle person between manufacturers and customers, allowing both selling and receiving goods. The middle person simply takes the orders, letting the manufacturer know where to send them.