Reasons Why Online Shopping has Become Extremely Popular
What makes shopping online appealing? Is it because it saves time or is it convenience?
Online shopping is increasing in popularity. 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 don’t have to go out in the cold when they shop online. 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 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.
It helps online shoppers make better buying decisions if they have 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 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 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. Concerns about online shopping have led to a lot of debate.”
The number of online transactions has grown more quickly than the increase in population. These trends have not been equalized by every industry. Some industries have seen a decrease in online activity compared to other industries. Online spending decreased between 2010 and 2016 The automotive sector experienced the biggest decline in online spending Most demographic groups continue to grow rapidly in online shopping.