Why is online shopping so appealing? Is it because it saves time?
Online shopping is growing very fast. According to Statista, global sales of goods and services on the internet increased from three years ago to four years ago. The trend is expected to continue through 2020.
Consumers can shop online without having to go out in the cold. They have the opportunity to compare prices at multiple retailers. When there are multiple savings options, 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 easy access to customer reviews, which helps them make better buying decisions. According to Fierce Retail Research, nearly half of all web users read product reviews before making purchasing decisions.
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 over the internet puts too much information in the hands of private companies. Some people don’t like the idea of giving credit card numbers out over the internet. Some people think that the experience on the web is not as good as it is in person. There is a lot of debate about whether or not to allow online shopping.”
The number of online transactions has grown much faster than the population. The trends have not been equalized among the industries. The decrease in online activity has been seen in some industries. Online spending went down by 8% between 2010 and 2016 The automotive sector had the biggest decline in online spending. In most demographic groups online shopping continues to grow rapidly.