The History of Online Shopping

THE HISTORY OF ONLINE SHOPPING IS AN THE HISTORY OF ONLINE SHOPPING INTERESTING ONE, AND LONGER THAN YOU MIGHT THINK. BEGINNING IN THE EARLY DAYS OF THE MODERN COMPUTER AND ONLY ALLOWING SIMPLE B2B TRANSACTIONS IT HAS GROWN TO A MULTI-BILLION DOLLAR INDUSTRY THAT NEARLY ALL OF US USE TODAY. BUT WHERE DID IT ALL BEGIN? 1960S - ELECTRONIC DATA INTERCHANGE ELECTRONIC DATA INTERCHANGE ALLOWS COMPANIES TO CARRY EDI OUT ELECTRONIC TRANSACTIONS, THE PRECURSOR TO MODERN 1979 - MICHAEL ALDRICH ONLINE SHOPPING REDIFFUSION COMPUTERS EMPLOYEE MICHAEL ALDRICH INVENTS THE PROCESS OF ONLINE TRANSACTION PROCESSING, 1981 - FIRST B2B TRANSACTION THE FOUNDATION FOR E-COMMERCE AND ONLINE SHOPPING FIRST RECORDED BUSINESS TO BUSINESS TRANSACTION 1981 - FIRST ONLINE BANKING SERVICE FROM UK BASED COMPANY THOMSON HOLIDAYS Thomson FIRST HOME BANKING SERVICES OFFERED IN THE US VIA VIDEOTEX. THIS WAS INITIALLY TAKEN UP BY CITIBANK, CHASE 1984 - FIRST HOME SHOPPER MANHATTAN, CHEMICAL AND MANUFACTURERS HANOVER FIRST EVER HOME SHOPPER BUYS ONLINE. JANE SNOWBALL, TESCO 72, FROM GATESHEAD UK BUYS FROM AN EARLY VERSION 1985 - NISSAN ONLINE CREDIT CHECKS OF TESCO'S ONLINE SERVICE NISSAN UK SELLS CARS, CHECKS CUSTOMER'S CREDIT STATUS, AND GIVES FINANCE TO CUSTOMERS ONLINE FROM NISSAN 1987 - SWREG MERCHANT ACCOUNTS DEALERS' LOTS SWREG SETS UP FIRST MERCHANT ACCOUNTS TO ALLOW 1989 - FIRST ONLINE GROCERY STORE SWREG. DEVELOPERS TO SELL SOFTWARE ONLINE. IT'S THE OLDEST PIECE OF ONLINE SOFTWARE STILL AROUND TODAY Peapod PEAPOD.COM LAUNCHES THE FIRST ONLINE GROCERY STORE. IN THE BEGINNING IT ONLY SERVICED CERTAIN CITIES IN THE 1990 - NEXUS WEB BROWSER U.S.A. BUT SOON EXPANDED TO BE COUNTRY-WIDE TIM BERNERS-LEE DEVELOPS THE FIRST WIDELY AVAILABLE BROWSER TO ACCESS THE INTERNET. ORIGINALLY NAMED WORLD 1991 - INTERNET COMMERCALISED WIDEWEB, IT WAS LATER RENAMED NEXUS TO AVOID CONFUSION SCIE ONAL. THE NATIONAL SCIENCE FOUNDATION RELEASES IT'S GRIP ON THE INTERNET, OPENING IT UP FOR COMMERCIAL USE. 1992 - FIRST ONLINE BOOKSTORE THIS WAS THE REAL BIRTH OF E-COMMERCE FIRST ONLINE BOOKSTORE LAUNCHED BY CHARLES STACK, BOOK STACKS UNLIMITED. IT BEGAN AS A BULLETIN BOARD 1994 - EBAY, AMAZON & DELL FOUNDED AND LATER MOVED TO BOOKS.COM DELL WITH THE INTERNET NOW OPEN FOR COMMERCIAL USE, THREE GIANTS OF THE ONLINE SHOPPING WORLD WERE 1994 - NETSCAPE LAUNCH SSL ENCRYPTION BORN; EBAY, AMAZON AND DELL ONLINE amazon.com NETSCAPE RELEASE THEIR BROWSER, NETSCAPE, BASED LOOSELY ON THE POPULAR MOSAIC BROWSER, SSL SECURITY PROTOCOL 1994 - FIRST PIZZA SOLD ONLINE ALSO RELEASED WITH TO MAKE ONLINE SHOPPING MORE SECURE PIZZA HUT SELLS THE FIRST PIZZA ONLINE, A PEPPERONI & MUSHROOM WITH EXTRA CHEESE 1995 - FIRST ONLINE BANK PRESIDENTIAL BANK LAUNCHES AN ONLINE BAKING PRESIDENTIAL BANK SERVICE SIMILAR TO THE ONES WE SEE TODAY. ENDED 1997 - FIRST EXAMPLE OF M-COMMERCE UP BEING EXCLUSIVE TO AMERICA FIRST EVER EXAMPLE OF MOBILE COMMERCE. COCA -COLA VENDING MACHINES IN HELSINKI TOOK PAYMENT 1997 - FIRST PRICE COMPARISON SITE IN THE FORM OF SMS MESSAGES FIRST COMMERCIAL PRICE COMPARISON SITE , NETBOT, LAUNCHED .... BY TWO COMPUTER SCIENTISTS FROM WASHINGTON. INITIALLY IT 1998 - FIRST ONLINE MUSIC RETAILER WAS A BROWSER PLUGIN AND LAYER A STANDALONE SITE FIRST ONLINE MUSIC RETAILER RITMOTECA.COM WAS LAUNCHED. WITH A DOWNLOAD AND LIBRARY SYSTEM IT IS SEEN AS AN ITUNES PRECURSOR Ritmoteca 1998 - PAYPAL LAUNCHES THE CURRENT PAYPAL SYSTEM IS THE RESULT OF A MERGER PayPal BETWEEN COFINITY, A PAYMENT AND CRYPTOGRAPHY COMAPNY, 1998 - YAHOO STORES LAUNCHED AND X.COM, A FINANCIAL SERVICES COMPANY IN LATE 2000 ORIGINALLY KNOWN AS YAHOO! MERCHANT SOLUTIONS YAHOO STORES OR YAHOO! ECOMMERCE IT OFFERED A COMPLETE 1999 - FIRST ONLINE ONLY SHOP SERVICE FOR MERCHANT FROM WEB DESIGN TO HOSTING AND CHECKOUT ORIGINALLY NAMED 'SHOESITE', THEY LATER REBRANDED TO Zappos ZAPPOS, AND HAVE GREW TO BECOME THE BIGGEST ONLINE 2000 - FIRST 'GROUP BUYING' SITE Tacom FOOTWEAR RETAILER. ACQUIRED BY AMAZON IN 2009 FOR $1.2BN MERCATA MERCATA WAS A MICROSOFT BACKED PROJECT WHERE AS 2001 - AMAZON LAUNCHES MOBILE SERVICE MORE PEOPLE SIGNED UP THE PRICE FELL, BUT SHUT DOWN IN 2001 BECAUSE IT COULDN'T COMPETE WITH AMAZON amazon AMAZON LAUNCHES ONE OF THE FIRST POPULAR 2003 - ITUNES STORE LAUNCH MOBILE WEB STORES, HELPED BY NEW MOBILE TECHNOLOGY AND EARLY SMARTPHONES' THE FIRST APPLE ITUNES STORE IS LAUNCHED AND QUICKLY GAINS FAVOUR. WITH MORE FEAUTURES ADDED REGULARLY iTunes 2003 - GOOGLE ADWORDS LAUNCHED IT SOON BECOMES THE WORLDS LARGEST MUSIC STORE WITH THE GROWING DOMINATION OF THEIR SEARCH SERVICES, Google G0OGLE LAUNCHES A TARGETED ADVERTISING SYSTEM BASED ON 2004 - FIRST 'DEAL-A-DAY' SITE AdWords C PAY PER CLICK. IN 2010 IT MADE THEM A STAGGERING $28BN WOOT.COM PIONEERS THE '1-DEAL-A-DAY' MODEL, woot! ALTHOUGH THIS MAY HAVE BEEN ADAPTED FROM 2005 - "SOCIAL COMMERCE' EMERGES SIMILAR PRE-DOTCOM BUBBLE SITES LIKE UBID.COM * myspace SOCIAL BUYING EMERGES AS PEOPLE BEGIN TO USE SOCIAL twitter MEDIA AND RECOMMEND ITEMS TO FRIENDS. EXAMPLE: UNIQLO facebook 2006 - GOOGLE CHECKOUT LAUNCHED - MORE TWEETS ABOUT PRODUCT = LOWER PRICES Google GOOGLE JOINS THE ECOMMERCE MARKET WITH THEIR OWN PAYMENT PROCESSING SERVICE - GOOGLE 2007 - FIRST VIRTUAL MIRROR LAUNCHED CHECKOUT. IT SUFFERED A BLOW WHEN EBAY BANNED Checkout ty the Rayan Vitale THE USE OF IT, BUT STILL REMAINS POPULAR FIRST VIRTUAL MIRROR APPEARS IN THE ADIDAS STORE, PARIS. THE IDEA PROVES SO PAPULAR IT IS SOON ONLINE, THEN SHORTLY AFTER 2008 - MAGENTO THEMES LAUNCHED -WARDS IS COPIED BY MANY ONLINE CLOTHES/ACCESSORIES STORES MAGENTO LAUNCHES THEIR E-COMMERCE THEMES, ALLOWING ANYONE WITH BASIC KNOWLEDGE OF THE 2008 - GROUPON LAUNCHED Magento INTERNET TO EASILY CREATE THEIR OWN STORE eCommerce Platform for Growth GROUPON PIONEERS THE IDEA OF LOCATION CENTRED 'DEAL-OF GROUPON 2010 - SMARTPHONE CARD READER LAUNCHED -THE-DAY' MODEL, FIRST OFFERING DISCOUNTS IN CHICAGO. SQUARE RELEASE A NOVEL PLUGIN FOR SMARTPHONES, ALLOWING SMALL BUSINESSES TO EASILY ACCEPT CREDIT CARD PAYMENTS ANYWHERE. SOURCES: HTTP://WWW.WHOINVENTEDIT.NET/WHO-INVENTED-ONLINE-SHOPPING.HTML HTTP://EN.WIKIPEDIA.ORG/WIKI/ HTTP://WWW.SWREG.ORG/OVERVIEW_COMPANY.HTM HTTP://WWW.GSBROWN.ORG/COMPUSERVE/ELECTRONIC-MALL-1984-04/ Jaaa facebo Mic