Online shopping is on the rise. According to Statista, global sales of goods and services on the internet increased from three years ago to two years ago. This trend is expected to continue through 2020.
“Consumers don’t have to go out in the cold when shopping online. They can compare prices across multiple retailers. When there are multiple options for saving, the idea of going home and saving becomes even 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.
Easy access to customer reviews help online shoppers make better buying decisions. According to Fierce Retail Research, almost half of all web users read product reviews before making a purchase.
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 think that buying over the internet puts too much information into the hands of private companies. Some people don’t like the idea of giving credit card numbers out over the internet. Some people believe that the experience on the web is not as good as it is in person. There has been debate about whether or not online shopping should be allowed.”
The number of online transactions has grown faster than the number of people. The trends have not been equalized among the industries. There has been a decrease in online activity in some industries. Between 2010 and 2016 online spending fell by 8%. The automotive sector experienced the biggest decline in online spending. In most demographic groups online shopping continues to grow rapidly.