Recently recently, the Census Bureau of the Department of Commerce revealed that online sales of retail eCommerce in the US in the second quarter of 2021 were $211.7 billion. This is an increase of 7.6% from the first quarter of 2021. It's clear that the recent epidemic has forever altered the way people shop.
However, prior to that it, an Internet Retailer magazine article noted that major retailers like Nordstrom and Macy's have increased sales on their websites in 2011, often as much as 40%. This is a remarkable feat when you consider that this is an increase of several hundred million dollars in some cases.
So, why are people more and more likely to shop on the internet instead of buying from their local shops? There are three major advantages of online shopping in comparison to brick-and-mortar shops.
1. Convenience
Many customers find online shopping convenient. Though some might consider going to a local store more convenient than placing an order online and then having it delivered but there are some benefits of shopping online that are simple and convenient.
Shop from the Comfort of Your Home
It doesn't require you to actually visit the shop. It is necessary to drive to the store. Driving to the store is not only an expense in gas, but it can also take up time. Compare this to the convenience of shopping online that on a variety of large websites has become an easy click. Securely save payment information such as credit card numbers for an easy shopping experience.
It's not necessary to drive to the nearest store to buy shampoo or dog food. Simply select the item online, click once and then it's on its way. That brings us to another advantage of purchasing on the internet: speed.
Speed
This is an area where traditional retail has advantages over shopping online. In the past, shopping in stores meant instant gratification as you can hold your purchase in your palm from the moment you make the purchase goth boots. However, this convenience is being negated by the expanding area of online order fulfillment.
A few years back, it was not uncommon to wait for your product to arrive. This was long for many buyers. Today, however an online retailer that has a high-quality and streamlined order fulfillment process can usually get your product in two to three business days. Sometimes, you can even have same-day delivery which is an enormous advantage of shopping online.
Affordable and speedy online shipping options have reduced many people's aversion to shopping online. In fact, fast shipping (sometimes even free same-day shipping) is among the major reasons why more and more people are choosing to shop online Loungefly mini backpacks.
2. Price
Is buying something online cheaper than buying it in a shop? This is usually the case! Many online shopping platforms and carts offer annual subscription services that provide discounts and free shipping on every order. Buyers who shop online can still save money even when they do not have a subscription. They are able to compare prices and find the best deal.
If your competition is just an easy click away, there's a huge incentive to offer the lowest possible price. Price is always an essential element in making sales and ease of price comparisons on the internet is an important benefit to online shopping.
Shopping online has another cost advantage. Based on where you live, some online stores don't have sales tax to charge. This gives online retailers a significant competitive advantage. What are the shipping costs? If you spend a certain amount many stores offer free shipping.
3. Variety
It's impossible to find the exact electronic component you're looking for or a particular edition toy at your local Walmart. Don't worry, it's very possible you'll be able to find it online. One of the benefits of shopping online is the fact that you can find specialty items, hard-to-find items, and just about every item you can think of is available on the internet.
This is due to the fact that online retailers do not have to hold inventory in every place, like they would in brick-and-mortar shops. Inventory is centrally located close to clients in fulfillment warehouses, which can conveniently ship online customers everywhere. The internet also helps special-interest sellers since they don't need to have a physical storefront for selling their products.
International eCommerce is another significant aspect on the internet. Online sellers are not competing with local stores, they are competing with other retailers selling similar items, regardless of where they may be from. The possibility of having your order delivered overseas is extremely commonplace and provides you with more choices when you shop online.
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