Electronic Cash Definition

Electronic Cash Definition

Electronic Cash Definition

Electronic marketing is an important facet of the sales strategy for an increasing number of businesses. Statistics Canada reported in November 2008 that Canadians spent more than $12.8 billion in online purchases in 2007. The U.S. Census Bureau shows that online sales topped $30 million in the first quarter of 2009 alone.

Businesses trying to make the leap from a physical presence to one online benefit from an understanding of common electronic marketing terms and their definitions. Online business, marketing, software and technology are constantly changing; to succeed, online entrepreneurs must be informed. The following terms are separated into several categories for easy reference.