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Written by Tampa Web Developer
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Are you leaving money on the table?
The retail industry is undergoing a revolution. As techno-savvy consumers increasingly go online to shop, internet sales are booming and bricks and mortar businesses are following eCommerce merchants to the web. Eighty-five percent of Internet users are also Internet shoppers.
It is just 13 years since the first secure internet shopping transaction took place in August 1994 - the sale of a CD in the US. By the time of the dotcom bubble in 2000, internet sales had reached 800m a year. Despite fears over the future of the internet after the dotcom bubble burst and initial consumer concerns about the safety of shopping by credit card online, eCommerce sales have exploded over the past six years, growing by a whopping 3,500 percent. The internet does not recognise boundaries and is creating a huge global shopping marketplace, worth 250bn in 2007. More than a billion people use the internet, some 17 percent of the world's population. "Developing a thriving e-commerce sector that reaches beyond national borders will become vital for the competitiveness of every country's economy," IMRG Report. |
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