Why is online shopping so appealing? Is it because it saves time or is that the case?
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 last through 2020.
Consumers can shop online at their leisure without having to go out in the cold. They have the chance to compare prices at multiple retailers. When there are multiple options for savings, the idea of going home and saving becomes even more attractive.
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 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 challenges. Some people feel that buying on the internet puts too much information into the hands of private companies. The idea of giving credit card numbers out over the internet is disliked by others. 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. These trends have not been equalized among industries. Some industries have seen a decrease in online activity compared to other sectors. Between 2010 and 2016 online spending declined. The automotive sector experienced a decline in online spending. Most demographic groups continue to grow rapidly in online shopping.