How the sale of a Sting CD sparked an entire industry
On an August afternoon in 1994, 21-year-old Dan Kohn made history.
Kohn had just sold a CD to a man in Philadelphia through his clunky website.
The man paid $12.48 plus shipping for a copy of “Ten Summoner’s Tales” by the rock star Sting.
Why was this such a big deal?
- That CD was the first item ever sold on the internet.
Internet shopping didn’t exist 30 years ago.
Today, it’s a colossal $900 billion industry… and America’s online industry is about to hit a major milestone.
Data from top research firm eMarketer shows internet sales will pass $1 trillion next year.
Folks look at this big number and assume the profit opportunity has passed them by. I mean… hasn’t online shopping pioneer Amazon (AMZN) already run up 100,000%?
Please don’t make this mistake.
According to Pew Research, 308 million Americans used the internet last year. But did you know
