Dot Com Turns 25
Posted by Shannon Suetos on March 16, 2010 in Business News [ 0 Comments ]
Yesterday was the official 25th anniversary of the dot com. It’s hard to look back and think of a time when there only government and educational (.edu) sites were on the net. The company that holds the title for first dot com goes to Symbolics. Today there are around 80 million sites out there ending with dot com. The Internet has changed how we get our information, and for businesses it means more exposure and another outlet to sell products.
According to Robert Atkinson, who runs the Information Technology and Innovation Foundation in Washington, “There’s $1.5 trillion more of output across the globe every year because of the commercial Internet.” That is a hard number to ignore, and it’s hard to believe just 25 years ago there were no terms such as SEO and PPC.
There are now plenty of agencies and firms dedicated to the management of a company website. The Internet has produced numerous jobs and career fields and it all started just 25 years ago! With the advent of search engines people can get information about your company with just a couple clicks of their mouse.
After Symbolics made the leap into the dot com world, they were soon followed by IBM, Intel, AT&T and Cisco, but by the late 80’s there still were only around 100 dot coms out there. It wasn’t until 12 years later, in 1997, a year after President Clinton signed the landmark 1996 Telecommunications Act, that .com names passed the 1 million mark.
Now you can do just about anything, and find just about anything online. You can set up an E-commerce site for your company and you can manage all credit card processing through the site, and have software programs keep track of inventory on and offline.
If you were lucky enough to get in the dot com game early, you could be sitting on a very sought after domain. Mark McLaughlin, the chief executive and president of VeriSign is quoted saying, “The .com domain brings in $400 billion each year in economic activity, according to a report from the Information Technology and Innovation Foundation (ITIF). That number is expected to grow to $950 billion by 2020.”
It doesn’t seem the Internet will be going anywhere but up, so take advantage and think out your strategy for your own dot com.