I calculate that around $31,000 is being spent every second online!

I've been doing some maths and I've calculated that around $1 trillion is being spent online that's dosn't just include retail It includes any form of currency being transacted over the internet.

I calculate that number to triple in the next ten years till we reach a point where $100,000 a second is being transacted, or around $3 trillion+.

Just to give you an idea how I calucated this, I basically started talking earnings from public traded companies like Ebay, Yahoo and Google.

I've calculated that Google alone is now making $277 a second NET profit. I may be totally wrong and that maybe on the low side...

By the time you've read this thread another $3.7 million has been transacted, the big question now is how are you going to capture your share?

That would be just less than 2% of world GDP transacting through the internet which at the moment stands at $61 trillion.

 

How do you calculate there will be 3 TIMES more money flow in 10 years? Do you think the population is going to grow and people are going to get richer?

 

People get richer all the time the banks just simple create more money to balance inflation, if the banks didn't create more money the world would go into deflation which would be even worse than an recession because money itself would start to lose value. There are lots of emerging markets such as India and Brazil that'll soon become major economical leaders in their own right, and they'll want exactily the same things as the westen world has. Tech (including internet companies) are also out performing the markets right now with positive growth, and normally profitable companies grow into areas that are emerging economically and financially.

You know, there will come a time when China does want to comsume it's own goods instead of exporting them to the rest of the world, the world is changing bit by bit and power is shifting to the east.

 

In the next 8 years, I read almost all commerce except for groceries was going to be done online.

 

People will still want to test drive cars before purchasing, clothes fitted before buying, ect ect.

 

I don't think the internet is totally killing off the high street I think for years and years to come we'll still see shops everywhere, I mean there are somethings that just don't do well online like if you need a pint of milk ASAP you're not going to order one online you're going ton get into your car and drive to the shops.

Plus a lot of high streets brands sell online now and over all I think they like it much better, retail floor space is extremely expensive were as the internet costs next to nothing.

 

I think even more penetration of the INTERNET and Online businesses will make it happen. If that is the case then the tripling may happen even faster.

 

Yeah I mean I maybe alittle to high with my calculation and it maybe more like $300-$500 billion but I at the end of the day they're all guesses. Just in the UK alone online spending will reach £56 billion around $89 billion and that's just one small country in 2014.

 

OK I don't know how you got that data but by my calculations you only get about a 200% growth in the next 10 years . And that is factoring in the world's growth and the technological advance .

How did you came up whit the 31k/s result ? I'm interested in the origin of the data .

 

I started to calculate the revenue of some of the largest companies on the internet.

Amazon Inc. US$ 24.509 billion (2009)
Google Inc. US$23.651 billion (2009)

= 4.8% of the $1 trillion figure.

Two companies and you already have almost 5% of the $1 trillion mark and that's last years data.

 

Hmm interesting but that's the white market , the Internet has a black and gray market that's probably worth equally as much . And you said you didn't included retail but there are some hefty bonuses that come out of retail , there's also the percentage that is deducted from the Internet banking , stocks and Forex .

I think it's far more then 31k/ second , nevertheless . There is money to be made , as we both well know "the money never sleeps"

 

I agree the internet is so vast it's hard to measure, one thing we can all be sure on thought is there's a ton of money being made and it's only set to grow. You're also right with forex and stocks they say 60% of market trade today is done by some kind of automated computer system which in turn will just the internet to root orders through.

 

interesting topic!

 

It isn't the economy that is making power shift to the east. The reason its shifting is because of people like Oprah Winfrey & Justin Bieber.

 

I'm also read on SeekingAlpha that Google $GOOG is favored in a number of stocks to become the first company with a capitalization of $1T. That's along with stocks like Exxom Mobile $XOM etc. I think the people that really capialize from the internet are those who buy into it's success apart from going through the trouble of trying to create new success. I've brought stock in some cheap internet companies like Local.com $LOCM I think in the next 5-10 years it'll explode to the upside.

I also brought some PetroChina $PTR the other day I have this thing for oil companies right now.

 

good job on the calculation but it might to be too optimistic

 

i found a site where you can order groceries online and they ship to your door same day

 

I found a blue smartie behind my sofa today, should I eat it?

 

I have a feeling it's more than $31,000 a minute - you're not taking into account stock trading.

 

I was only taking into account browser based transactions.