Technology Industry
Industry: Email Alert RSS FeedGet your business on the Net - advertising on the Internet - includes related articles on the experience of three small-business persons on the Internet
Home Office Computing, Feb, 1995 by Rosalind Resnick
In September, Spry Inc., developer of Internet in a Box, rolled out Secure Encrypted Transactions (SET), a new software architecture that permits credit card transactions to be conducted safely via encryption through the Web's Mosaic graphical browser. Mosaic Communications Corp. has released Commerce Server, software for cybermalls that incorporates both encryption and authentication features. In November, Microsoft announced an agreement with Visa International to provide technology for secure electronic bank-card transactions across public and private computer networks.
Most RecentTechnology Articles
Look ahead. What does the future hold for Internet retailing? One possibility is full-motion video, the sort of cable-based broadband application that would turn the Internet into a digitized Home Shopping Network where consumers could shop, play games, and interact with one another. Another is electronic currency, or digital cash. In May a Netherlands company called DigiCash rolled out an electronic cash system that lets Internet users pay for products and services directly from their bank accounts sans credit card numbers or checks. Though the DigiCash system is still in the testing phase, hundreds of customers and close to 20 online merchants around the world are already swapping play money for goods and services ranging from books to groceries. Soon, real money may be exchanged through the system.
"You can pay for access to a database, buy software or a newsletter by e-mail, play a computer game over the Net, receive $5 owed you by a friend, or just order a pizza," says David Chaum, DigiCash's managing director.
For now, however, Internet retailing is far more promise than reality--so don't terminate your mall lease or shutter your storefront just yet. At the same time, setting up shop on the Internet is a low-cost way to advertise your company's presence no matter what short-term sales results you get--and, if you don't try it, your competitors almost certainly will.
RELATED ARTICLE: His Web Page Delivers
Larry Grant Grant's Flower & Greenhouse Ann Arbor, MI
Larry Grant doesn't have an e-mail address, but his Michigan florist shop is doing business on the Internet just the same.
In December 1993, Grant, 55, was approached by local cybermall operator Jon Zeeff about setting up shop on Zeeff's Branch Mall. Though Grant didn't know much about the Internet, the florist's eyes lit up when Zeeff described the size of the market he'd be reaching.
"He told me there were 20 million users on the Internet," Grant recalls. "That's a lot of people."
These days, Grant's Flower gets two to five orders a day from its cybershop on the Internet's World Wide Web hypermedia system. The orders come from all over the world--especially on holidays. On Mother's Day, he says, he received 40 orders for bouquets through the Internet, compared with 45 from the international FTD netword. Although Internet orders are still a relatively small part of his total sale, their importance is growing steadily.
Interestingly, the way his ordering system is set up, he barely has to spend any time online. Zeeff compares the arrangement to advertising in a publication you don't read. "You don't have to be a subscriber to advertise," he notes.
CXO UnpluggedSmart Business interviews on BNET
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Technology Articles
Most Recent Technology Publications
Most Popular Technology Articles
- BizRate to monitor in-store customer satisfaction for Office Depot stores - Market Intelligence
- Speed control of separately excited DC motor
- Effects of creative, educational drama activities on developing oral skills in primary school children
- Political stability and economic growth in Asia
- Failed businesses in Japan: a study of how different companies have failed, and tips on how to succeed, in the Japanese market



