Before starting a new venture on the Net, you must know about the history of the same, familiar from its various faces, which include demographic data, e-business and understand the new economy.

Unlike traditional business, where buyers and sellers together in a physical place to exchange information, products, services and make payments in electronic commerce transactions take place via telecommunications networks in a virtual marketplace.

Traders are finding advantages to do business electronically. Can increase sales and bring the local operations of a global one, can improve internal efficiency and productivity of their operations, can significantly improve customer service and open new channels of communication with both their suppliers and their customers. Just as there are advantages, there are also disadvantages.