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A company whose operations are entirely or primarily internet-based, or more specifically a company whose business model would not be possible if the internet did not exist. Dotcoms often deliver all their services over an internet interface, but products might be delivered through traditional channels as well. Dotcoms are often divided into two categories: those that provide products and services for consumers (B2C) and those that provide products and services to other businesses (B2B). In the late 1990s, Many Internet Business Companies started commonly known as dot-com companies. But out of many of them only few survived today and rest of the companies are closed or bankrupt nowadays.
What is Dot-Com Company?
Well, in simple words a Dot-com company is one whose main Business is on the Internet. They make its money/profits by doing an Online Business only. The Examples of Dot-com companies are Google, Yahoo, Amazon, eBay, Facebook, Orkut, Twitter and so on. The main purpose of these dot-com companies was to raise the capital from the venture capitalists, develop a successful web business, growing it exponentially high and later on exit from it by taking that dot-com company to the public.
A business, especially a publicly-traded company, that conducts most or all of its business over the Internet. Dot-coms may conduct business in one or more of the following areas: Content, Commerce, and Connection. Content companies provide information, either for free or for a charge, and earn most of their operating income from advertising. Commerce companies sell new and/or used goods directly over the Internet. Connection companies provide Internet services directly to customers.
How Internet Business Companies Make Money?
Well, Dot-com companies make money from 3 Cs, meaning:
- Commerce
- Content
- Connection
Commerce means selling products over the Internet such as Amazon.com, while Content means making money from the content starting from News Websites to Blogs. Content web business makes money from advertisement selling. Connection means doing a business by supplying connections such as AOL, one of the largest ISP (Internet Service Provider) in USA.
But unfortunately most of the dot-com companies failed even after literally millions of dollars of money infusion in them. Here is a List of some well-known failed Dot-com Companies.
List of well known Failed Dot-com Companies
- 360HipHop
- AmCy.com
- Boo.com
- Broadband Sports
- Cyberial Outpost
- CyberRebate
- DigiScents – tried to transmit smells over the Internet
- E-Loft.com – A pan European portal for university students
- Excite@Home
- Flooz.com
- Kozmo.com
- theGlobe.com
- Kibu.com – Online community for teen girls
- Pseudo.com – One of the first live streaming video websites
- Yadayada.com
- Zap.com
Therefore, all of the dot-com companies are just the few examples from whole list who have lost literally hundreds of millions of Venture Capitalists. Only those Internet Businesses survived in the Dot-com Bubble who have really added value to the life of the people around the world at mass scale such as Google & Amazon. Rest of the companies did not survive and some have failed even before the launch.
What is considered a Successful Internet Business?
Are you an Internet Business Owner? Then How will you tell whether it’s a successful Internet Business or not? Well, there are several criteria for this. And Financial criteria is one of them. Here are the few common criterias for successful internet business that every one of you knows.
- Web traffic
- Revenue of the Business
- Customer Base
- Google Page Rank
- Alexa Page Rank
- Back links
- Popularity
And many other such types of criterias are there. Now, according to me a true successful internet business is one which really adds value in the life of people at mass level.
Google, Amazon, Wikipedia sites & eBay are few examples of the Successful Internet Businesses. This is not because they are making millions and billions of dollars every year. But this is because they have added value in the life of literally millions of people. Can you imagine the internet without Google?
The Internet is full of online businesses of every kind. The competition for dot-com ventures is extremely high. Users can click from you to your competitor in seconds. Even getting noticed among the masses of other businesses online is a difficult task. Despite these challenges, it is possible to start a viable dot-com company. The barriers for entry are low and you have a great deal of control over your start-up costs. Focus on your business idea to develop a unique selling point that will allow you to stand out from the competition.
How to Start a Dot Com Company?
1 Research your business idea carefully. Develop a concise business plan based upon your research. Use this plan to guide you through your start-up process, adapting it as your business evolves. Carefully consider costs of your products or services and determine if your idea is viable as a revenue-producing enterprise.
2 Hire an accountant to assist you with the financial considerations of your business. File any necessary forms with your local, state and federal authorities. Set up a bookkeeping system and work with your accountant on a regular basis.
3 Hire a lawyer to guide you through the establishment of your business. Choose one with an expertise in Internet law, which is evolving regularly. Have your lawyer advise you on issues such as contracts, agreements and online privacy considerations.
4 Purchase a reliable computer. Use it to operate all aspects of your business. Ensure that you have a trustworthy back-up system for your files.
5 Acquire a high speed Internet connection. The rate of communication is ever increasing. Customer expectations are that you have the ability to respond quickly.
6 Hire a web developer to assist you in setting up an interactive e-commerce site. The website is your entire business when you're a dot-com company. It is your image and brand. Ensure that your site operates quickly and has a clear, user-friendly navigation system. Integrate the most current security into your website. Create an interactive community through a blog and forum. Feedback has come to be expected by online consumers. Communication with your customers is increasingly important to your success.
Dot-coms were hugely popular investments in the 1990s, with IPOs of hundreds of dollars per share, even if a company had never produced a profit and, in some cases, had never earned any revenue. This came from the theory that Internet companies needed to expand their customer bases as much as possible and thus corner the largest possible market share, even if this meant massive losses. While this worked for some dot-coms, notably Google, which did not produce a profit for its first several years of operation, the theory was unsustainable because, in a given industry, only one or two companies could corner large market shares, meaning most dot-coms were doomed to failure. This dot-com bubble burst in 2000.
Top Dot Com Companies of the World.
-Amazon.com
Amazon.com, Inc. is an American electronic commerce company based in Seattle, Washington. It was one of the first major companies to sell goods over the Internet and was one of the iconic stocks of the late 1990s dot-com bubble. After the bubble burst Amazon faced skepticism about its business model, but it made its first annual profit in 2003. Amazon also owns Alexa Internet, A9.com, and the Internet Movie Database (IMDb).Founded as Cadabra.com by Jeff Bezos in 1994 and launched in 1995, Amazon.com began as an online bookstore, though it soon diversified its product lines, adding DVDs, music CDs, computer software, video games, electronics, apparel, furniture, food, and more.
-eBay.com
eBay Inc. manages an online auction and shopping website, where people buy and sell goods and services worldwide. The online auction site was founded in San Jose, California on September 3, 1995 by computer programmer Pierre Omidyar as AuctionWeb,Millions of collectibles, appliances, computers, furniture, equipment, vehicles, and other miscellaneous items are listed, bought, and sold daily.
-Google.com
Google, Inc. is an American public corporation and search engine, first incorporated as a privately held company on 7 September 1998. The company had 9,378 full-time employees as of September 30, 2006 and is based in Mountain View, California. Eric Schmidt, former chief executive officer of Novell, is Google's CEO, after co-founder Larry Page stepped down. The name "Google" originated from a misspelling of "googol," which refers to 10100 (the number represented by a 1 followed by one-hundred zeros).
-Priceline.com
Priceline.com is a website devoted to helping users obtain discount rates for travel-related items such as airline tickets and hotel stays. It is headquartered in Norwalk, Connecticut, United States. Priceline is the brainchild of digital entrepreneur Jay Walker; thus its parent company is Walker Digital.
-MSN.com
MSN (or The Microsoft Network) is a collection of Internet services provided by Microsoft. Initially released on August 24, 1995, to coincide with the release of Windows 95, the range of services has since changed greatly. The Hotmail webmail service was amongst the first, followed by the instant messenger service MSN Messenger, which has recently been replaced by Windows Live Messenger. According to Alexa.com, MSN.com is currently ranked 2nd amongst all websites for Traffic Rank.
-Yahoo.com
Yahoo! Inc. is an American internet services company. It operates an Internet portal and provides a full range of products and services including a search engine, the Yahoo! Directory and Yahoo! Mail. It was founded by Stanford graduate students Jerry Yang and David Filo in January of 1994 and incorporated on March 2, 1995. The company is headquartered in Sunnyvale, California.
According to Web trends companies Alexa Internet and Netcraft, Yahoo! is the most visited website on the Internet today with more than 412 million unique users. The global network of Yahoo! websites received 3.4 billion page views per day on average as of October 2005.
-IMDB.com
The Internet Movie Database (IMDb) is an online database of information about actors, films, television shows, television stars, video games and production crew personnel. Owned by Amazon.com since 1998, the IMDb celebrated its fifteenth anniversary on October 17, 2005. As of August 22, 2006 IMDb featured 825,865 titles and 2,179,165 people.
-Network Solutions
Network Solutions, LLC is a technology company which was founded in 1979. The domain name registration business has become the most important division of the company; as of 2006, Network Solutions manages more than 7.6 million domain names. Their size, founding status, and longevity have made them one of the most important corporations affecting domain name price and policy.
-Paypal.com
PayPal is an e-commerce business allowing payments and money transfers to be made through the internet. It serves as an electronic alternative to traditional paper methods such as checks and money orders. PayPal performs payment processing for online vendors, auction sites, and other corporate users, for which it charges a fee. In October 2002, PayPal became a wholly owned subsidiary of eBay. Their corporate headquarters is in San Jose, California, at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Dublin, Ireland; and Berlin, Germany. PayPal account holders must be 18 or over with a debit/credit card or bank account and an e-mail address.
-SKYPE
Skype is a proprietary peer-to-peer Voice over IP (VoIP) network founded by the entrepreneurs Niklas Zennström and Janus Friis, also founders of the file sharing application Kazaa. It competes against existing open VoIP protocols such as SIP, IAX, and H.323. The Skype Group, acquired by eBay in October 2005, is headquartered in Luxembourg, with offices in London and Tallinn.
-MySpace.com
MySpace is a social networking website offering an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music, and videos. MySpace also features an internal search engine and an internal e-mail system. It is headquartered in Santa Monica, California, USA, while its parent company is headquartered in New York City, and it also has a back up server there. According to Alexa Internet, it is currently the world's fourth most popular English-language website, the sixth most popular website in any language and the third most popular website in the United States.
-Youtube.com
YouTube is a popular free video sharing Web site which lets users upload, view, and share video clips. Founded in February 2005 by three employees of PayPal, the San Bruno-based service utilizes Adobe Flash technology to display video. The wide variety of site content includes movie and TV clips and music videos, as well as amateur content such as videoblogging. Currently staffed by 67 employees, the company was named TIME magazine's "Invention of the Year" for 2006. In October 2006, Google, Inc., announced that it had reached a deal to acquire the company for $1.65 billion USD in Google's stock. The deal closed on 13 November 2006.
-Blogger.com
Blogger is a weblog publishing system owned by Google since 2003. Blogger enables blogs to be hosted on its own servers (http://www.blogger.com/ with the blog created as a subdomain of blogspot.com, i.e. foo.blogspot.com) or on the server of the blogger's choosing, transferred via FTP or SFTP. Blogger was launched by Pyra Labs in August 1999. As one of the earliest dedicated blog-publishing tools, it is credited for helping popularize the format.
In February 2003, Pyra Labs was acquired by Google.
-Rediff.com
Rediff.com India, NASDAQ: REDF is a popular news, information, entertainment, and shopping portal. It was founded in 1996 and is headquartered in Mumbai, India with offices in New Delhi and New York, USA. As per Alexa rating , Rediff is the No. 1 Indian web portal. It is the only India-based website to appear in first 100 websites. It has more than 250 employees. Rediff.com also offers the Indian American community one of the oldest and largest Indian weekly newspaper, India Abroad, which it acquired in 2001.
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Regards,
Preeti Bagad [BE(CS)]
SW Engineer Cum Blogger
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