Should Your Business be Selling Online?
This blog entry was posted on March 29, 2009.
Consumers worldwide are switching from crowded stores to the convenience of online buying. Anything and everything can be found and purchased online. Online buyers book travel, buy computers, buy businesses, real estate, cars, boats, clothing, videos and even home repair materials.
- $131 billion worth of goods and services were purchased online in the U.S. in 2007. This does not include travel.
- 94 % of U.S. Internet users make online purchases. Compare this to 99% for South Korea Internet users.
- 78.5% of U.S. online users (ages 14 and older) will make at least one online purchase within the next 12 months. This is expected to grow to 80% by 2011 (source: eMarketer)
- Books, clothing, shoes, videos, games, travel, electronics, music and cosmetics are the most frequently purchased items online.
- 37% of U.S. online shoppers browse a website before making an offline purchase.
Only 8% of small business websites have any ecommerce elements according to a 2007 study. This is a shocking statistic with the tremendous amount of willing buyers there are in this online market. Less than 1 out of 12 websites has the ability to complete a sale online.
People now use the web for more than their everyday needs. This is because of the unlimited size and scope of the web. People can purchase products or services anywhere in the world.
Online ecommerce sales are a good way for businesses to expand their reach and the market they operate in. In today’s economy, this is a cost effective way to increase sales. If a business sells only custom products or services, then developing standard packages will allow them to start selling on the web.
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This entry was posted on Sunday, March 29th, 2009 at 5:24 am and is filed under Internet Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.No Comments
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The internet marketing has become a living breathing entity for the business. Through internet marketing technology you can monitor your web to establish your brand and products. And you can direct communicate with your customers. This is a quick and easy way to get marketing experience.
Internet marketing is not only refers to digital media such as the Internet, e-mail, and wireless media;
however, Internet marketing also includes management of digital customer data and electronic customer relationship management systems.
Comment by Internet marketing applelounge — March 31, 2009 @ 5:06 am