IT companies are some of the largest companies in the world. This is due to the demand in IT technology. Most of the growth in these companies was seen after the internet. The internet played a large part in revitalizing many industries and creating new ones. The IT industry is also one of the most innovative industries. This is mainly due to the requirement of new technology as new technology can become obsolete in a few months’ time. Millions of dollars are spent on research and development to bring new products and services to the market and to retain the current customers.
The largest IT companies have begun quite small. From humble beginnings to large corporations, these companies have continuously grown despite many restrictions. There are many IT companies and new ones are formed all the time. Some companies such as Facebook were able to grow tremendously in a few years while some have taken off after a few years in. Here’s a list of the largest IT companies in the world.
Apple Inc. is not only the largest IT company, it is also one of the largest companies in the world. The company was founded in 1976 by Steve Wozniak, Steve jobs, and Ronald Wayne in the garage of Steve Jobs childhood home. Being ranked as one of the world’s greatest valuable brands, Apple enjoys a high level of brand loyalty compared to its competitors. It is also the first US company to be valued over 700 billion USD. Since its inception, Apple has grown through certain rough patches but the early 2000s was when the company started launching new products and services aimed at mass audiences. Apple uses the latest on technology with high end fiber optic switch to the fastest internet which the company can use.
Samsung is a South Korean multinational IT company and the largest phone manufacturer in the world. Unlike Apple, Samsung was founded in 1969 and produces many electronic items from TV’s to semiconductors and batteries. Samsung has experienced most growth through its mobile phone business compared to its other businesses. They also produce industrial media converter and high-end internet devices and routers to corporations.
Amazon.com was founded by Jeff Bezos in 1994 as an online book store. The company saw growth immediately and Jeff Bezos was able to sell a large number of books. This led to the portfolio growing and today, Amazon is the largest online retailer in the world. The site has become very popular and is the go to online shopping site. This growth has led Amazon to branch in to many other It businesses such as cloud computing.
Selling online can be 10 times more profitable than selling on a local store as there are must lesser complications and costs involved with it. Therefore, if you are reading this article chances are that you are highly interested in starting up a online based selling business and this could act as the perfect guide for you.There are many things to think about when starting up an online based business.
The key to a good inline business is to have the platform that you are operating in as a very-responsive one. Customers lose their patience if your online page takes forever to load. Therefore, make sure that your website is hosted if possible locally. For example, if you are a business operating in Australia, choose an Australian based web hosting company http://www.hosting-australia.com.au to host your site if you want it to be even more responsive than a normal page. This is absolutely essential as this is the first thing a customer sees when they come to buy something form your business.
It is common knowledge that online businesses have lesser operating costs when compared to store-based businesses as there are lesser employees and no rent involved. But, there are some other important costs that you will have to bear if you are an online business such as the back-end management workers, site management etc. Make sure that you can bear these costs before starting up the business because otherwise you will have to close down eventually.
Online arena is vast and therefore the possibilities and the dangers can be endless. In the online business your business is prone to breakdowns and other threats like malicious attacks. If such an instance occur you need to make sure that you have other plans to run your business as an hour’s delay can cause you losses of many millions sometimes.
Therefore, talk with your web management company about it. In the previous example if you have consulted with Australian hosting providers, talk to them about how you can have back-ups in different locations and with different security settings. If these measures are taken, and a server in one place loses the ability to operate there are other places that you can rely on to make sure your online business runs smoothly.
For a customer, buying online is a riskier activity than physically visiting a store and buying goods. Therefore, make sure that you have a place where customers can online chat with your back-end employees regarding the questions they have and also ensure that you have a safe payment gateway where there is also a proper mechanism to return the purchased goods with a money-back guarantee. Having an online business will be tiresome in the beginning but as time moves on the costs will start reducing and you will start earning more and more profits and then it will start looking more investor friendly where you can sell your business for investors and expand it even further.