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Ecommerce Information |
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Ecommerce - Boost Your Business ROI
Did you know that over 90% of all online orders are processed by credit cards and that web sites that offer customers the ability to pay with credit cards can achieve up to 300% more sales than those that do not? It's a fact. Not only do more customers buy, statistics prove that customers actually buy more when given the option to pay with their credit card. Here are some recent trends that will reinforce the need to sell your product or service on the internet- if your business is not yet doing so: ?At the end of 2000, over 400 million people- world-wide- hadInternet access. That number is expected to reach over 1 billion by the end of 2005! ?Almost 100 million people in the U.S. are now making a purchase after using the internet to conduct their research. ?U.S. Consumers spent a record $13.7 billion in online purchases during the 2003 holiday season. A follow-up study conducted jointly by Goldman Sachs, Harris Interactive and Nielsen/Net Ratings pegged sales during the 2004 holiday season at $23.2 billion, up 25% from the previous year. This comes at a time when traditional retail sales are growing in the low single digits. ?Forrester projects that total e-commerce sales in the U.S. will increase by approximately 20% per year, growing to $229 billion in 2008, making online retail transactions 10% of total U.S. retail sales by 2008. In addition, in a survey conducted among more than 500 small business owners, the overwhelming majority indicated that they were either very satisfied or at least somewhat satisfied with their company's e-commerce return on investment (ROI). It's no wonder- when compared to traditional forms of direct marketing such as mail order catalogs, the cost of establishing and maintaining an e-commerce website is minimal. Additionally, new affordable, user-friendly storefront applications simplify the task of establishing and maintaining a professional e-commerce website. It is now affordable and doable- even for the novice small business owner- to convert their brick-and-mortar operation into a click-and-mortar operation and triple their revenues in a very short period of time! What's more, if your company sells products to consumers or businesses and you don't have a fully automated e-commerce website, your business is simply not operating at its full potential and you're sending customers to your competition! It is no longer a luxury for the small to mid-sized retailer to have an e-commerce enabled site-but a necessity to stay competitive in the marketplace. Rick Caraballo is the author of this article and the CEO of Avance Web Marketing- http://www.avancewebmarketing.com, a South Florida Web Marketing firm that provides state-of-the-art web hosting, web design, e-commerce and marketing consulting services- including Hispanic Marketing. E-Commerce services include merchant services, as well as, the Excerpo® Shopping Cart- a state-of-the-art e-business storefront application.
MORE RESOURCES: Unpacking the FTC's case vs. Amazon: What the landmark suit means for the e-commerce empire GeekWire Visma-Soudal merger to be backed by e-commerce giant Amazon Global Cycling Network TikTok sends team to Indonesia as new law threatens e-commerce aspirations South China Morning Post 3 Stocks Gearing Up for an E-Commerce Liftoff InvestorPlace TikTok Says it Regrets Indonesia's Decision to Ban E-commerce Sales on Social Media Platforms The Diplomat Alibaba's Taobao and Tmall chief Dai steps away from roles at subsidiaries to focus on core e-commerce business: reports Yahoo Finance Microsoft Dynamics GP Users Deserve Better than Just an OK ... MSDynamicsWorld Costco ecommerce sales improve compared with previous quarters, but still down overall Digital Commerce 360 Costco sees start of e-commerce improvement in Q4 Winsight Grocery Business B2B sellers expect ecommerce sales growth Digital Commerce 360 Economics Newsletter: Ecommerce is Here to Stay Manhattan Institute Top Austin, TX E-commerce Companies You Should Know Built In Austin E-Commerce Innovations ACHR NEWS B2B ecommerce survey: Companies largely experiencing growth Digital Commerce 360 Ecommerce marketing next year: 5 ways to set up for success Search Engine Land Reducing eCommerce Cart Abandonment with Alternative ... Home Furnishings Association Advertorials Bridge Storytelling and Selling Practical Ecommerce Shopify Invests in Wholesale Marketplace Faire, Expands Reach ... Retail TouchPoints A Guide to Squash eCommerce Fraud for Furniture Retailers Home Furnishings Association AI and E-commerce: Simplifying the Sales Process CO— by the U.S. Chamber of Commerce TikTok Replaces 'Storefront' with 'Shop' Practical Ecommerce Top 10 eCommerce Website Development Companies in India Hindustan Times Mcommerce is the powerhouse of US ecommerce Insider Intelligence The Limited Role of AI in Ecommerce Retail TouchPoints How to optimize your ecommerce ad spend and budget for the best ... Search Engine Land FTC sues Amazon, says the ecommerce giant is a monopoly Supermarket News In-person Markets Spur Mountain Apparel Brand Practical Ecommerce Bed retailer unveils upgraded ecommerce website Furniture News Magazine eCommerce Expo and Technology for Marketing 2023 focuses on ... Retail Technology Innovation Hub eMarketer Podcast: Around the World: TikTok's global ecommerce ... Insider Intelligence TikTok Shop officially launches in the US TechCrunch BigCommerce modernises its B2B eCommerce with launch of B2B ... Enterprise Times Exploring Crypto Ecommerce Payment Solutions in 2023 hackernoon.com Senators Coons, Tillis introduce SHOP SAFE Act to crack down on ... Senator Chris Coons This festive season, bigger e-commerce sales set to light up volumes The Economic Times E-commerce+supply+business+opens+storefront+in+downtown+ ... Journal Record Dark Patterns In E-commerce, And Other Evils Free Press Journal How Supply Chain Visibility Helps E-commerce Brands Overcome ... - Supply and Demand Chain Executive How Supply Chain Visibility Helps E-commerce Brands Overcome ... Supply and Demand Chain Executive Borsheims Promotes Andy Brabec to Vice President of Marketing ... Columbus Telegram Krepling No-Code Platform Unlocks E-Commerce Scalability E-Commerce Times You Don't Have to Pick a Winner in E-Commerce. Here's Why The Motley Fool How Can an eCommerce brand use data to identify and capitalise on new growth opportunities? Express Computer Gen Z views AI as e-commerce booster Retail Customer Experience Burberry refreshes eCommerce website to offer immersive ... Marketing Interactive How 404s Impact Organic Rankings Practical Ecommerce Sequoia Capital China Buys Discounted Stake in Prominent E ... The Information More “Made in Yucatan” products on e-commerce platforms The Yucatan Times eCommerce fulfilment firm Selazar goes bust BusinessCloud Charts: Retail Trends in China Q3 2023 Practical Ecommerce E-commerce Delivery: Improving Customer Experience Sia Partners ChatGPT Prompts for Social Media Marketing Practical Ecommerce Ralph Lauren expands in Canada with first namesake store, e ... Chain Store Age Laravel Ecommerce with Lunar PHP Laravel News |
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