You Need to know Intresting facts about online shopping
Online shopping has become a ubiquitous part of modern life. With the rise of e-commerce, it has become easier than ever to purchase goods and services from the comfort of your own home. Online shopping has numerous benefits, including convenience, variety, and lower prices. In this blog, we will explore some interesting facts about online shopping.
1. Online shopping is on the rise
Online shopping has been growing in popularity for years. In 2020, the global e-commerce market was worth $4.2 trillion, a 27.6% increase from the previous year. This trend is expected to continue, with the market projected to reach $6.5 trillion by 2023.
2. Mobile shopping is becoming increasingly popular
Mobile shopping, or shopping via mobile devices such as smartphones and tablets, is rapidly gaining ground. In 2020, mobile accounted for 73% of all e-commerce sales worldwide. This is a significant increase from 2016, when mobile accounted for just 43% of all e-commerce sales.
3. Online shopping is more popular in some countries than others
Online shopping is more popular in some countries than others. In China, for example, online shopping is a way of life, with online sales accounting for 24% of total retail sales. In the United States, online sales account for around 14% of total retail sales.
4. Free shipping is a big motivator
Free shipping is a major motivator for online shoppers. In fact, a study found that 9 out of 10 consumers say that free shipping is the top incentive for them to shop online. Retailers have taken note of this, with many offering free shipping to attract customers.
5. Online reviews are important to consumers
Online reviews are extremely important to consumers when shopping online. In fact, 91% of consumers say they read online reviews before making a purchase. Positive reviews can be a major factor in a consumer's decision to buy a product, while negative reviews can turn them away.
6. Online shopping can be more environmentally friendly
Online shopping can be more environmentally friendly than traditional shopping. When you shop online, you avoid the emissions associated with driving to and from a store. In addition, online retailers can often ship products more efficiently than brick-and-mortar stores, which can result in lower carbon emissions.
7. Online shopping can be more affordable
Online shopping can often be more affordable than traditional shopping. Online retailers often have lower overhead costs than brick-and-mortar stores, which can result in lower prices for consumers. In addition, online retailers often offer discounts and promotions to attract customers.
8. Online shopping can be more convenient One of the biggest benefits of online shopping is convenience. With online shopping, you can shop from the comfort of your own home at any time of day or night. You don't have to worry about parking, crowds, or waiting in line. In addition, many online retailers offer fast and free shipping, so you can receive your purchases quickly and without any hassle.