Online Shopping and Ecommerce

Search:

Online Shopping and Ecommerce

The reduced price of going online coupled with growing confidence in online retail stores have rocketed online sales numbers over the past few years. Each year, online sales trends hit a new high. It seems the consensus is,shopping online is here to stay.

According to the US Census Bureau of the Department of Commerce, online retail sales accounted for 1.9 percent of the total retail sales in the fourth quarter of 2003, representing more than $17.2 billion in revenues. This was up to 25% by 2004. It doesn't stop there. Forrester Research noted that online Christmas shopping alone accounted for $13.8 billion in revenues in 2006. Around the world, online retail contributed revenues of $747.6 billion for the year 2006, representing 14.8 percent increase over 2005 and 23.1 percent of the total retail sales for the year.

It has long been thought that people want to actually see or experience something before making a major purchase. However, with the growing availability of comparison shopping sites or services that host product reviews, consumers are leaning more and more towards online research to ensure that they buy the right product for the best possible price. In a survey by Pricegrabbers.com 81% of the respondents used the internet as their primary source of research for both products and retailers when it came to shopping for home furniture and appliances. It appears a similar survey in 2006 confirms these figures when it comes to purchasing large products.

The comfort levels for shopping online has been elevated by the discounts given by retailers, including good after-sales backup and offers on home delivery of products. Also, as major high street companies launch online versions of their physical shops, where people can access the same quality and pricing without the problem and expense of driving all the way to the store and fighting through the masses shopping for similar stuff.

If you still need proof that the world is moving towards online retail in a big way, consider this:

According to The UK Office for National Statistics online shopping in the nation is likely to continue its upward trend, accounting for £162 billion in revenues by 2020 and contribute 40% of total retail sales.

In short, the online shopping train has taken off and there is no stopping it now. If you want to get on board, feel free to give us a call on 0845 0574320

Article Source: http://articlenexus.com

Andy Calloway is a director at Calloway Green Ltd. He is a specialist in search engine optimisation and website development.

Please Rate this Article

Not yet Rated

Click the XML Icon Above to Receive E-Commerce Articles Via RSS!

Additional Articles From - Home | Business | E-commerce

STOP Paying for Your Ads! FREE Pay Per Click!

$8,132.26 Per Month on Craigslist

CraigsList Blackhat System

Everything you need for your website and home business.
	Adsense Site Builder
	Adsense Analyzer Software
	Clip Art
	Domain Names
	Header Graphics
	Make Money Online
	Photo Art
	Resell Products & Free Stuff
	SEO Software
	Web Hosting $4.95/mo
	Website Templates
	Web Site Promotion Tools
AdvancedWebsiteTools.com

	Print This Article
	Add To Favorites
	Email to Friends
	Ezine Ready

Submit Articles
Member Login
Top Authors
Most Popular Articles
Submission Guidelines
Ezine Notifications
Article RSS Feeds

(Your 160x160 ad here)
Only $50 a month-click here

Link Exchange
Blog by WordPress
Privacy Policy
Terms of Service
About Us
Contact Us
Banner Advertisements

Have you Victimized by a Business or the Government? File your consumer complaints or business complaints at BusinessReporter.net!

Structured Settlement?
Free information to help you learn more about structured settlements, your rights, and how to select the best company for you.

Affordable Discount Dental Plans
Choose from over 30 top-quality national and regional discount dental plans. Save 10% to 60% on most dental procedures

Classic Autos
Replica Kit Cars

Staffing Resources
Online Recruiting

Links

Bad Credit Repair

Hair Loss Remedies

Steiff Bears, Antique Bears

Model Railroading | Model Trains

McCain Sucks

mccain for president

Free Diabetic Supplies

Antique Radios | Ham Radios