Reasons Why Online Shopping has Become Extremely Popular
What makes online shopping appealing? Does it save time or is it convenience?
The popularity of online shopping is growing. According to Statista, global ecommerce sales increased from $1.3 trillion in 2015 to $2.4 trillion in 2018? This trend will continue through 2020.
“Consumers don’t have to go out in the cold while shopping online. They can compare prices across multiple retailers. When there are multiple options for savings, the idea of going home and saving is 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 helps online shoppers make better buying decisions. According to Fierce Retail Research, over 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?
“Many challenges have been faced by online shopping. Some people think that buying over 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. Some people think that the experience on the web isn’t as good as it is in person. There is a lot of debate about whether online shopping should be allowed or not.”
The number of online transactions has grown more quickly than the increase in population. These trends have not been equalized among all industries. The decrease in online activity has been seen in some industries. Online spending declined between 2010 and 2016 The automotive sector experienced the biggest decline in online spending Online shopping continues to grow fast in most demographic groups.