|
This was my next major work that focused on the opportunity for businesses of any size to get onto the Internet to do sales and marketing.
In this rather involved paper I envisioned how all of the major players would have to work together to get Internet e-commerce moving. As you may see, I was really digging the 1849 San Francisco Gold Rush analogy.
You can download the full PDF here. Here's the introduction...
The e-Merchant Opportunity of 1999
By Vernon Keenan Published March 1, 1999
Get ready.
A new wave of Internet players is about to make their presence felt and a rich vein of opportunity will follow for the properly positioned vendors.
Like the California Gold Rush of 150 years ago, the real revenue opportunities will go to those that provide this new wave of Internet immigrants with the supplies and expertise needed to conduct their business on the Internet.
These new immigrants, who we have dubbed e-merchants, are already making their presence felt. But it is only the beginning. While the larger, high-profile Amazon.com’s grab all of the attention, we believe that the migration of the millions of existing small business in the United States to the Internet will provide an opportunity to a whole host of Internet technology and service vendors. With only 17,500 e-merchants online right now—and over five million offline merchants in the US who currently use credit cards to process payments—we believe the growth opportunity in this market to be spectacular.
We believe that a sizable portion of this new market will revolve around Internet portals. Small merchants will flock to portals for the same reasons their real-world predecessors flocked to commercial districts and shopping centers – visibility.
No small merchants can match the marketing clout of a Yahoo! or MSN.com. Just as merchants seek to gain store space in a mall or shopping district that includes an anchor tenant like Macy's or Bloomingdale's, the online merchant will seek a location near a well established Internet brand. In the next four years, the number of e-merchants will increase 20-fold.
Are you ready?
In this Keenan Vision report we will describe opportunities for suppliers of goods and services needed by this emerging class of e-merchants. We have delineated this set of needs in Part 1 as the e-Merchant stack. This concept is at the core of our analysis of the market opportunity surrounding e-merchants, and will serve as a guide to those companies wishing to capitalize on this new opportunity.
In Part 2 we will describe the players in this market space, those that have the opportunity to fill the needs of the e-merchants. While portals will supply locations for e-merchants, a whole host of critical services must be provided in partnerships with or through the portals themselves. No small e-merchant will have the time or interest in becoming a highly skilled IT professional. This section will serve as an alert to those companies hoping to cash in on the e-merchant rush.
Finally, in Part 3 we will offer the strongest documentation we have seen on this new market opportunity. The e-merchant market opportunity is going to explode in the next four years; we believe that both our market data and anecdotal information will convince even the hardiest skeptics. This section also gives a unique insight into the needs of the new e-merchant.
|