Reasons Why Online Shopping has Become Extremely Popular
Online shopping is appealing. Is it because it saves time or does it offer convenience?
Online shopping is very popular. 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 the year 2020.
“Consumers don’t have to go out in the cold when they shop online. They can compare prices from multiple retailers. When there are many 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.
Easy access to customer reviews helps online shoppers 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?
“Many challenges have been faced by online shopping. Some people feel that buying over the internet puts too much information into the hands of private companies. Some people don’t like the idea of giving credit card numbers over the internet Some people believe that the experience on the web is not as good as it is in person. There has been a lot of debate about whether or not online shopping should be allowed.”
The number of online transactions has grown more quickly than the increase in the population. The trends have not been equalized among the 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 rapidly.