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Why
should your business have an Internet presence?
According to the US Government's Small Business Administration
(SBA), small businesses that have informational web sites
(non-e-commerce) generate nearly 30% more revenues than those who do not. Businesses that
have e-commerce web sites generate an additional 40-60% revenue.
Research Shows:
eTailers ring up a big year!
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Consumers are growing comfortable with click-to-buy: Online
sales for the 2003 Holiday Season totaled $12.5 billion, up
29.5%!.
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Revenue for online retail in 2003 reached $93 billion, a 27%
increase!.
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Over 190 million
people search the Internet monthly for products and services.
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The
U.S. Department of Commerce reported that online retail sales
grew 28.1% in the first quarter of 2004 compared to the same
period last year. Total online retail sales volume through
March 31, 2004 was $15.5 billion!
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Selection and time savings are
the big reasons given for online shopping.
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Repeat
customers account for a growing portion of online sales, and
these same customers are typically spending more each time
they buy online.
Shopping online is here to
stay, and online sales growth is explosive.
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