Most facts are fun, it is good to learn about facts, and they increase awareness and make us exposed to incredible matters. Online shopping as already known is eCommerce (electronic commerce) that allows consumers of a product to buy product and services directly from a seller over the internet through usage of a web browser of mobile apps. The most prominent amongst them are Amazon, eBay and Alibaba. For knowledge and implementation of online shopping strategies, these are the classified facts that mostly matters and will surely be of great benefit:
General online shopping facts
In 2015, the worldwide money spent on online shopping platforms reached approximately 4.7Billion dollars. Yes!
The Black Friday; a day online products drop in price, the U.S online shoppers spent 5 Billion dollars online in 2017 Black Friday.
For every 4 in 10 purchases, just online channel is used for the purchasing process.
When there is a dissatisfaction of product bought online, 32% of online shopper informs their family and friends about the product.
Up to 95% of Americans have made purchases using online stores during their lifetime.
There is increase in growth of online shopping 23% year-over-year, despite the fact that American small businesses that do not have online store is up to 46%
Many Americans spend more than 60% of their shopping budget in-store, and 36% online. At least three-quarters of these online shoppers prefer the product to be shipped that same day!
Shopping carts abandonment facts
Online shoppers ignore their shopping carts more than 60% of the time.
Online store owners may lose not less than $3 billion a year if the average shopping carts abandonments’ rate remains at 68%.
Base on PayPal survey, it was reported that 43% shoppers that abandon their shopping carts was as a result of high shipping charges.
56% of online shoppers said that another reason they leave purchase without completing it is because of unexpected price of a product.
Between the years 2015-2017, the word average online shopping carts abandonment rate escalated from 71.38% to 77.24% .
Social media online shopping facts
Online shares with photos and posts get 53% more likes, 84% more click-through rate, and 104% greater comments.
According to Buffer, 2019, more than 70% of marketers believe that their efforts using social media marketing have been “very effective” or “somewhat effective” for their markets.
The Emars, 2019 reported social media statistics from 2019 to be 3.2 billion social media users worldwide and it is ever-increasing. That equates around 42% of the world present population.
The leading social media is Facebook, it has up to 2.32 billion users that are active (users that have logged in their Facebook account during the last 30days.
30% online shoppers say they would be likely to buy products from a social media like Snapchat, Twitter, Facebook and Instagram.
80% characters’ post or even lesser perform better, with 66% higher engagement than post with more characters.
There are 500,000+ businesses that make use of Instagram as an online shop advertising forum.
Text and Voice search online shopping facts
More than 20% of searches done on Google are voice searches using the Google map.
Smartphone users are likely to purchase from eCommerce sites that give replies to their questions and problems.
10% of shoppers online have used a voice home assistant at some point in time to make purchases.
Technological online shopping facts
In 2017, the mobile online shopping reached revenue of $700 billion; a growth that is more than 250% over the past four years.
Up to 60% of individuals that owns a virtual assistant have used it to make buy a product using the voice command option.
It was predicted that in 2021, brands that redesign and renovate their eCommerce website to aid voice and visual search will increase the revenue of online shopping by 30%
Voice and image enabled search will make up 50% of all searches by 2020.
Why they matter?
Online shopping statistical facts allow you to have deeper insights that are important in guiding your online shopping marketing strategies, techniques, and plans. Those researched figures are effective tools if used properly, to alter and improve our marketing actions for sales generation. Utilize the facts so as to better serve your customers.
In the modern world, e-commerce is turning out to be the best and lucrative way of making money. By launching the website for your online store, you will get a great opportunity to market your products to a very wide customer base.
To do business online you will need to start an online store. However to start online store might not be an easy task as many people would think. In fact, it’s such a terrifying thought particularly if you are not so adept with technology. Well, it’s not just you. There are few tips you can follow which might help you in building an online store.
Starting an eCommerce business is not something easy. In fact, it can worry you a lot or even give you mixed feelings. However, the decisions that you make before choosing an outstanding eCommerce platform are very crucial. Decisions such as which among the many to choose from can really confuse you.