As recently as five years back, major business publications were printing articles predicting the demise of online shopping stores. Some experts thought that e-commerce was a fad, something that would die down in time. How useful could online retailers be, particularly for goods like clothing, shoes and jewelry, which people want to see, touch or try on before they create a purchase?
The continuing success of business to consumer online stores like Amazon and eBay have proven that e-commerce is here now to remain and will continue to grow. It's a safe bet that online shopping will simply upsurge in popularity as more and more individuals rely on the Internet for their everyday needs. For example, consider the amount of money that Americans have now been spending each Cyber Monday. Cyber Monday is the Internet's reply to Black Friday, the post-Thanksgiving shopping blowout. In 2011, American consumers spent a massive $1.25 billion, a 22% increase from the previous year's total.
More folks are willing to spend money online for numerous reasons. After a long period of development, e-commerce has now evolved right into a a safe and reliable method to buy and sell products. Not just that, consumers prefer to buy from online shopping stores, because they have access to a lot more than what can be obtained locally and by comparing online stores they can obtain it at the best price.
Well established online stores such as for instance Amazon and Buy.com have now been riding the e-commerce trend and raking in profits for years. Other major retailers that have a massive offline presence such as for instance Best Buy and Macy's have also been expanding their online presence. Fortunately you don't have to be a major business to be able to build an on line store. In reality, an incredible number of small businesses have already made the move online and additional are doing it every single day.
There are several businesses that curently have a brick and mortar store in a local community. They would like to reach customers beyond their borders to improve profits for the business. Building an online store is the right way to complete this. There's also a number of people who sell exclusively online, which saves plenty of expenses such as for instance renting a shop and hiring salespeople. Plenty of small businesses got their start through e-commerce and continue being very successful. There's definitely without doubt online shopping stores will be around for a long time.
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