Categories
Eng-Business

Why are People Buying More and More Online?

This guest post is by Sergio Bonaducci

According to the UK’s industry association for online retail, IMRG, the online retail market has an estimated annual value of £87bn, with figures increasing, year on year, by around 17.5%.

All this makes the UK the internet shopping capital of the world – but why is the internet such a popular platform for retail, and why does it continue to grow?

Lower prices

Physical stores suffer from higher overheads, but online retailers don’t have these expenses to worry about – that’s why you’ll usually find the online price represents much better value for money.

Price comparison sites like MoneySupermarket have also become extremely popular with more money conscious online shoppers, and by searching through a list of online retailers, they’ll guarantee that you find the item you want at the lowest price.

Greater variety

High street stores are limited by an extremely important factor: physical space.

Online retailers don’t have this problem. They’re not limited in the choice and variety of goods they can display, and a broader, more diverse product range means that online shoppers are less likely to be forced into making compromises.

The cost of opening and maintaining a business as an online store is much cheaper than opening one as a retail store. This means that more and more businesses are starting up online, offering the consumer a wider, more varied choice.


SHARE THIS POST


You Will Like This Too

What is Supply Chain Management?

Supply Chain Management (SCM) is a crucial component of modern business operations that involves the coordination, management, and optimization of the flow of goods, services, information, and finances from the point of origin to the point of consumption. In this article, we will delve into the fundamentals of supply chain management, exploring its significance and […]

SPONSOR
Biz2credit Review Scam or Not

Biz2credit review scam or not is a resource for your contemplation in deciding your business move. There’s some reason why your business needs to lend a money from a lender. If that’s the case, biz2credit is one of many providers out there. When you first see their claim, it is understandable that you are interested. […]

Hostgator Promo Code

When it comes to web hosting, HostGator is a well-known and reputable provider that offers a wide range of hosting services for individuals and businesses alike. One of the best ways to save money on hosting plans is by using promo codes. In this article, we will explore HostGator promo codes and how they can […]

SPONSOR

contact us