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The growth of the internet and web hosting services have certainly caused the world to shrink, especially in terms of the ability to effectively interact and communicate. Did these factors play a significant role in shaping trends in world trade?
Making Selling Goods Far Easier
In the past, global trade was far more cumbersome, since individuals had no choice but to tolerate long delays in communication. This problem was lessened somewhat by the development of advanced telephone communications, though such technologies were often quite costly.
Back in 1991, it would have been hard to predict the revolutionary nature of the World Wide Web, and its transformational impact on global communication. At that time, the advent of web hosting was largely viewed as an information conduit more than anything. However, the growth in popularity of email communications began to change that perception. The trend began primarily with personal email communication, but quickly expanded to additional realms.
As email communication became more prevalent, interactions among merchants and other traders became quicker and easier, which facilitated an increased pace in all types of transactions. Soon, businesspeople everywhere became intrigued by the possibilities offered by websites. Trading of all types could become much simpler if every kind of business operated its own website.
Purchasers and prospective clients could view business websites and order products and services immediately, instead of dealing with the delays plaguing such deals in the past. Time zone differentiation would not longer be a factor, due to the speed of communication. Web hosting for enterprises of all types and sizes made transactions faster and simpler for clients the world over.
Business Opportunities Abound
Whereas business opportunities were relatively restricted prior to the advent of web hosting, once the concept took hold, the potential for businesses of all types became virtually limitless. Because of web hosting, business owners no longer had to spend resources digging for potential clients. With a few clicks of the mouse and a little bit of internet savvy, business opportunities came in droves.
Online resources and web hosting solutions have resulted in the creation of substantial merchant and trading communities. Such a phenomenon was not immediate, since costs were initially rather high. Web hosting and internet marketing was often unaffordable in the earliest years. With time, however, web hosting developed and grew, bringing greater numbers of businesses into the market, which worked to lower costs.
Eventually, virtually anyone could afford to host their own website, opening their business to countless potential customers all over the globe. Enterprises based in underdeveloped nations even obtained the ability to use the internet to great advantage. Global trade began to boom, as vendors and consumers were able to communicate through online platforms.
Of additional assistance was the growth in websites that were hosted at no charge. This type of site was funded through advertising placement. In this manner, countless visitors and businesses were able to make use of internet communities. Communication could be accomplished immediately, and participants gained the freedom to develop trading innovations of all descriptions. The ability finally existed to trade in goods and services in a way never before imagined.
Of further import was the fact that individuals began to trade online from the comfort of their own living rooms. Global trade has increased by billions of dollars, due to the advent and expansion of web hosting.
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