When you want to buy something, you have to decide whether to buy through online retailers or a physical store. The elements of this decision can count to various reasons like the time you have and where you can get the best product in terms of price and quality. Ultimately, you can decide what is more convenient for you.
As you know, the e-commerce industry and online shopping are becoming common and trending on top. Can you guess that how many people are shopping online? How many people wanted to find out productive cheap online stores? And, how it looks like to shop through a different dimension?
Let's take a look at the reliable shopping statistics that high-end buyers follow.
3 Essential Online Shopping Statistics:
If you want to start a new business or even if you already own a business, you should understand how online shopping is done. It will serve as a key to your business strategy.
There are thousands of eCommerce statistics available online, but here are five leading statistics that you need to know.
High shipping costs consider as the first reason for cart abandonment:
Fast delivery is highly demanded. But, its cost is not appreciated. A study of U.S. buyers over 18 years is shown that high shipping costs can be the main reason for dropping carts for online sales.
43% of global buyer's research products on social networks:
The development of more social commerce tools like check out on Instagram has increased the power of social media and has created awareness about user's purchasing decisions.
Clothing is the leading online vertical:
According to the study of U.S., about 59% of U.S. buyers purchased clothing online between the years 2018 and 2019. Other things like Books, movies and music, games, shoes, and electronic items come right behind.
The Recent Trend to Shop for Wholesale Clothing:
Our way of doing things has changed in the online market. Everything is moving towards an online system. The way we used to take physical lectures at college, going out to buy groceries, giving money by hand or by mail, and much more, has now converted to the online medium. And surely, shopping is no exception.
Following the past few decades, the concept of online shopping has emerged and has become a multi-billion dollar industry. Purchasing things online has become common practice all around the world. Recently, during lockdowns due to Covid-19 online purchases increased more than ever.
One of the other reasons online shopping has increased is that the online market has provided people with lots of business opportunities. People are buying and selling things more efficiently online. People buy a bulk quantity of clothes at wholesale clothing places online and then sell them at retail prices on other websites and pages. In this way, e-Commerce has benefitted both the product sellers and buyers of clothes.
As per the research online shopping is becoming more popular. It is developing very rapidly. If you want to compete for your business with the other business, then you must adopt the online system. You cannot neglect the need for online advancement.