Tobias Lutke Quotes

Over many generations, fortunes in the business world were made through buying and selling products in physical stores. Internet fortunes have been made buying and selling products online.

E-commerce is applicable to Russia, just as it's applicable to any other market.

Guess what? The world changes. eBay has defined e-commerce.

More and more people are opening online stores and online retail businesses. This market is expanding very, very quickly.

E-commerce is a powerful means to connect the unconnected to global trade.

I went online with winelibrary.com in July of 1997; that was my first professional online play.

All the big online retailers are looking at how to enter the Russian market.

Within Internet users, you have a big chunk of people who can convert to online shopping.

No one disputes that online businesses offer much more variety than their analog counterparts.

I see Intershop as a leader in the E-commerce digital economy and believe the company has truly long-term potential.

We really see the future of what we call 'distributed commerce,' so how we get our content, our products, and our brands to consumers.

Art.com is a fantastic opportunity to move into the consumer space, as we have the content and now we have the means to go to the consumer and sell to them directly.

For any business, large or small, not to have an e-commerce strategy is a big mistake.

When we launched the WineLibrary website in 1996, I didn't even own a computer yet. I just understood that there was an opportunity here to market in a different way.

Broadband gives small businesses the opportunity to broaden their customer base and reduce their overheads through e-commerce platforms.

While stores continue to be a very important part of our business, there is no mistaking the fact that the customers' shopping preference, measured by both traffic and sales, continues to move to a virtual experience.

Anybody who can afford a box of business cards can afford a Web site. Any company with an 800 number can move its services to the Web for peanuts by comparison. The extreme case of corporate promotion is to strip away all other aspects of your business and sell goods or services via the Net alone, as amazon.com has done with books.

Amazon thrived because it implemented the online bookstore idea better than any of its early rivals did, not because it was the only company to have the idea or the first company to have the idea. It continues to grow only because it keeps trying to improve on the details of the idea and the way it puts it into practise.

The power of digital distribution over physical retail outlets is you have a chance to create a global audience.

I would think that most of the online business will be conducted by traditional retailers and that over 90 per cent of the e-retailers will, in fact, all go out of business.

It's a lot of work to sell one thing on the Internet.

When online business first appeared, a lot of operations would take your order and then disappear.

We realized we had high-volume marketplace as a platform. Anyone can come in and buy with a subscription.

We haven't even begun to see just how many transactions are going to take place online.

We want to grow the total amount of online commerce.