Is online shopping appealing? Does it save time or is it convenience? Online shopping is on the rise. According to Statista, global ecommerce sales increased from $1.3 trillion in 2015 to $2.4 trillion in the last three years. The trend is expected to continue through 2020.
Consumers can shop online without having to go out in the cold. It gives them the opportunity to compare prices at multiple retailers. When there are multiple options for savings the idea of going home and saving becomes more appealing.
Online shopping gives customers access to a wider range of products. While brick and mortar stores often have limited inventory, they can offer a variety of items that may be hard to find elsewhere. Internet-based businesses such as Amazon, eBay and Alibaba do not need to worry about stocking inventories. They simply sell what the market wants.
Online shoppers benefit from having easy access to customer reviews. According to Fierce Retail Research, almost half of all web users read product reviews before making purchases.
Online shopping allows individuals to purchase items without leaving their homes. People who live alone or don’t have anyone to drop off items while they shop will likely prefer to order on line. Are you looking for online interior design services?
“Online shopping has faced many challenges. Some people feel that buying on the internet puts too much information into the hands of private companies. Some people don’t like the idea of credit card numbers being posted on the internet. There are people who think that the experience on the web isn’t as good as it is in person. There is a lot of debate about whether or not online shopping should be allowed.”
The number of online transactions has grown much faster than the population. The trends have not been equalized among the industries. An overall decrease in online activity has been seen by some industries. Online spending fell by 8% between 2010 and 2016 The decline in online spending was greatest in the automotive sector. Most demographic groups continue to grow online shopping.