August 2, 2006; 09:24 AM Los Angeles, CA, USA - China
is one of the countries today that has not been swept by domain
industry and E-commerce. Although China holds the title for the second
largest Internet region, it is still in the developing phase when it
comes to online business. Statistics say that most people in China are
using Internet not for buying products or availing any online services.
Instead, they use the Internet, mostly, for education and information
purposes only. In
fact, a relatively one percent of the Internet group in China is
purchasing products and services. Since China is relatively young in
online business or E-commerce, people like Tim Schumacher, CEO of Sedo,
is eyeing for the huge market in China.
As
far as ages and periods are concerned, most countries today are in the
modern period when it comes to domain business. On other hand, China is
the only one left in the middle ages. China is only on the point of
opening its doors for the idea of domain registration,
pay per click marketing, and affiliate programs. In other words, they
are still a baby as opposed to the grown- ups in the domain industry.
You cannot blame China, for most of them are not really E-commerce
fanatics or online consumers.
The
best thing about China as a developing nation to E-commerce is that the
cost of domain and pay per click marketing is cheaper than those
powerful countries, which are submerged in online business. People who
would invest in China can earn more since they are going
to be the proponents of the said booming industry in China.
According
to Statistics, about eighty million Chinese internet users, are one of
the targeted online users next to Canada and US. Every week, at least
five percent is added to the 80 million users in China. With this
continued growth, China may even become the number one in online
business. Since China opens a lot of opportunities for E-commerce,
investors are really interested in investing in the said country. On
one hand, Lu Benfu, Director
of the Internet Development Research Center at the Chinese Academy of
Sciences, has a different opinion. For him, China having the second
largest number of internet users, does not mean that online business
will flourish in the country. Based on his research, Chinese internet
users are just net surfers. The age group for internet users, which is
16-34 years old is not the leading E-commerce consumers. There's also a
geographical explanation as to why E-commerce, along with domain
market, will not succeed. The
reason is that most cities in China are urban in nature and locals are
scattered everywhere. Such reasons cause a big hindrance to the
development of online business. E-commerce expands quickly when major
cities and states are involved.
Another
point raised by Lu Benfu why it's not possible to have a domain market
growth in China is the unproportional number of websites compared to
its users. There's a lot of users as opposed to the websites. But there
is still hope for China, since a lot of its people
are into *search engines* and mobile phone sites.
Domain
registration is becoming a hit in China since China Internet Network
Information Center was established in June 1997. As early as May 21,
1994 China Internet Network Information Center (CNNIC) has been
providing domain name registration. Basically, the role of China
Internet Network Information Center is to manage and oversee what's
going on in E-commerce industry and domains related to China like .cn
domain. Today, many Chinese companies are giving
web hosting services as well as domain name registration. HiChina Web
Solutions Limited is the top provider for domain name registration as
exemplified by the fact that it serve at least one fourth of China's
website.
The
issue on China as the newest market for domain industry came as no
surprise since China has always been a country that is pleasant to
negotiate with. In fact, Chinese people have always been considered as
good businessmen. They often thrive in whatever business venture they
take since
they are practically good at it. Personally, I think that China will
eventually become the hottest domain industry market in the next five
years or so. For now, it's better for Chinese to open up a lot of
websites and to have domain name registration, in order for China to
exhaust the world of E-commerce. For those who are interested in
planting their seeds of fortune in China's soil, I suggest that they
should be patient and learn to wait. For, it is definitely worth your
money and time to invest in China's
domain industry.
For more valuable information on domain
registration, affiliate program (s) and pay per click marketing, please
visit http://www.businessanalyst.com.
Patrick Connor, 818-980-6556, www.businessanalyst.com |
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