In today’s world, being online is essentially an essential part of being a ‘real’ or ‘physical’ human being. In the past decade, the internet has exploded in popularity, dramatically increasing the number of people who access it on a regular basis. According to a survey conducted by the Pew Research Center, 94% of American adults now have a cell phone, and 81% have accessed the internet from their phones. The number of American adults who use the internet to read news articles has more than doubled since 2009, from 18% to 40%. More significant percentages of American adults cite Facebook (92%), Twitter (77%), and YouTube (78%) as their go-to sources for news and information.
The Growth Of Online Shopping
It would be a missed opportunity if I did not point out the significance of online shopping in the 21st century. With the growth of online shopping, individuals can browse and purchase products in the comfort of their home. Thanks to online shopping, buying apparel and accessories for women has become extremely easy and convenient.
In 2017, a report from the NPD Group stated that retail e-commerce sales in the U.S. were valued at $161 billion and is anticipated to grow to $263.5 billion by 2023.
Retail e-commerce has largely transcended traditional brick and mortar stores, and with the growth of online shopping, more and more people are discovering the advantages of shopping for apparel and accessories on the internet. A survey from Shopify revealed that 68% of consumers have bought something online that they would have otherwise purchased from a physical store, and 55% of consumers have purchased an item solely because it was available online.
The convenience of shopping online for apparel and accessories has made a difference in consumers’ lives. According to a survey from Shopify, 26% of consumers have bought something online that they would not have purchased in a physical store, and 20% have bought an item because it was only available online. It seems as though the appeal of shopping online is proving to be more than just convenient – it’s also proving to be lucrative.
The Growth Of Online Finance
In addition to the growth of online shopping, another significant development in the online world is the emergence of online finance. As the world becomes more and more digitally connected, online finance allows individuals to conduct business online and mobile, which would not have been possible just a few years ago.
In 2017, global online finance transactions were valued at $16.7 trillion, and the industry is expected to grow to $22.9 trillion by 2022.
Online financial services allow for the safe and secure transfer of money online – a significant benefit for those who prefer to do business online rather than in person. For instance, international transactions are supported through the use of specialized payment processing tools, allowing for the safe and easy transfer of money across borders.
The online finance industry is currently valued at $16.7 trillion, with the majority of transactions (68%) conducted through online banking. It is anticipated that the industry will grow to $22.9 trillion by 2022.
The Growth Of Informational Onlineshopping
In the last decade, the world of online shopping has largely sprung into existence, changing the way we shop and consumed content. One of the most significant developments in online shopping is the rise of informational onlineshopping – the ability to research and purchase products online without the need to seek out a salesperson.
According to a survey from Shopify, 65% of consumers have researched an item or product online before making a purchase, and 55% of consumers have purchased an item without trying it on first. Those who have purchased a product online said that they generally found what they were looking for, but also that they frequently discovered that the product was not what they actually wanted. It seems as though the appeal of discovering exactly what you want without having to depend on a salesperson is proving to be more than just convenient – it’s also providing consumers with a leg up in the marketplace.
The Growth Of Online Business To Business (B2B)
If you’re reading this article, it’s probably because you’re already aware of the growth of e-commerce and the appeal of online shopping. What you may not be as familiar with is the growth of online business to business (B2B) – the ability to trade with other companies and businesses online, rather than just with consumers.
Since the rise of e-commerce, the world of B2B has largely shifted to the digital sphere. According to a study from the Global B2B e-commerce market size, valuation, and forecast up to 2025, the global B2B e-commerce market size will grow from $16.7 trillion in 2017 to $27.7 trillion by 2025.
B2B e-commerce allows for the safe and secure transfer of business – a significant benefit for companies who prefer to do business online rather than in person. A significant percentage of B2B transactions (29%) are currently conducted online, and 69% of global B2B e-commerce transactions are anticipated to take place online in the next five years.
There are multiple advantages to conducting business online, from the ability to scale a business quickly to save a considerable amount of money to the ability to research and analyze data to make better business decisions.
Due to the appeal of online shopping and the growth of online business, more and more people are discovering the financial security and convenience that comes with shopping online rather than in person. If you’re looking for ways to make money online, be sure to check out these legitimate ways to make money online – otherwise, you might end up struggling like so many other new entrepreneurs who have tried and failed to make it big online with no successes to show for it.