Shopping Online: brisk business on the internet

Modern business would be inconceivable without the internet. But until now, very few firms have actually earned money directly through the internet. However that is changing. The latest generation of internet firms is showing how it’s done. German start-ups such as brands4friends and fashion4home began turning a profit soon after they were founded. They sell luxury items at affordable prices.Both firms have created hundreds of new jobs. Brands4friends sell clothes from prominent labels, while fashion4home trades in designer furniture. Part of their success is due to the community character that many online stores now cultivate actively. At Brands4friends for example, signed-up members are given preferential treatment. Only they can browse through the bargains. But you can only become a member if you are recommended by an existing member. That appears to make the firm more exclusive and more attractive to customers. Our reporter Miltiades Arsenopoulos visited the two online firms. They get their products directly from the manufacturers and sell them to their customers online - without any wholesalers or middlemen involved. That's part of the reason why the firms can offer such competitive prices.

Channel: sevenload Video Length: 0s Date Found: Fri, Aug 27 2010 12:02 AM Category: News Date Produced: Mon, Aug 23 2010 12:00 AM View Count: 0