Do You Know These Facts About an E-Commerce Website?

Do You Know These Facts About an E-Commerce Website?

From searching for a rented room to purchasing a penthouse, we open an e-commerce website for every purpose. The world has already entered into an era where everything is solved by the internet. The evolution of e-commerce has helped to fulfill the need of common man with one click of a mouse.

You will be stunned to know that people in US spend $1,200-$1,300 for online shopping every year. In 2017, the figure will rise to $1738. According to a report, it is expected that by 2016, the online sales figures will be somewhere close to $327 billion.

While e-commerce has become an integral part of our lives today, we do not know that there are some interesting facts and figures which we must know. If you are someone who is reading thus article and is an avid lover of e-commerce, then here are some fascinating facts about an e-commerce website for you.

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Fact 1: Online shopping was first invented by Michael Aldrich in 1979.

Fact 2: When it was launched in 1995, Amazon did not make any profit until 2003.

Fact 3: About 26% of users leave their shopping carts due to account registration.

Fact 4: It is still unknown whether Netflix was the first company to launch an online DVD subscription service or not. That’s because it was Blockbuster which launched its website in 2004. It is rumored that Netflix and Redbox was responsible for the decline of Blockbuster.

Fact 5: Can you believe? In Q3 2012, Paypal transacted $4423, every second.

Fact 6: About 46% of the people depend on social media while deciding about a purchase.

Fact 7: Groupon turned down a $6 billion deal by the search engine giant, Google in 2010. In 2011, Groupon came out with its first IPO.

Fact 8: Every year, consumers spend approximately $1300 in online shopping.

Fact 9: Booz & Company, a consulting firm did a research and found out that people purchasing from online sales via social networking websites will grow at a pace of 93% every year in the next four years.

Fact 10: Out of all the major categories in the e-commerce industry, is the Apparels and Accessories.

Fact 11: The fastest growing e-commerce market in the world is India. The country experiencing the slowest growth in this industry is France.

Fact 12: In 1994, Pizza Hut was the first food brand to open its service online.

Fact 13: 44% of those who use Smartphones, purchased products from an e-commerce website after they liked it in a brick and mortar store.

Fact 14: About 79% of the online shopping population wants a tracking option of their delivered product.

Fact 15: Twitter helps to generate more sales. More than 95% of its users visit e-commerce websites in comparison with other users.

Fact 16: When it comes to shopping for gifts, people tend to visit an online store, rather than visiting a gift store physically.

Fact 17: Even if a person visits a store, he or she will enquire about the features about the product from its e-commerce website.

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