What makes online shopping so appealing? Is it because it saves time or is it for convenience?
Online shopping is on the rise. According to Statista, global sales of goods and services on the internet increased from three years ago to four. This trend is expected to continue through 2020.
Consumers can shop at their leisure without having to go out in the cold. They can compare prices across retailers. When there are multiple options for savings, 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.
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 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 many challenges
“Online shopping has many challenges. Some people think buying over the internet puts too much information into the hands of private companies. Some people don’t like the idea of credit card numbers being uploaded to the internet. There are people who think that the experience on the web is not as good as it is in person. There is a lot of debate about whether online shopping should be allowed.”
In the last few years, the number of online transactions has grown faster than the population. The trends have not been equalized among the industries. Some industries have seen a decrease in online activity compared to other industries. Between 2010 and 2016 online spending declined 8%. The automotive sector experienced the biggest decline in online spending In most demographic groups online shopping continues to grow fast.