Online shopping and reliable statistics have a unique relationship. Updated and reliable statistics play a meaningful role while making knowledgeable imperative judgments in all the fields of life. It rewards profits in the future, and without trustworthy, refreshed, and complete data, there is guesswork. And guesswork may cost profoundly.
Data should be dependable, most advanced, and thoroughly correct so that one can derive compelling decisive acumens.
A large number of stores for online shopping in Pakistan are pouring into the market. There is cutthroat competition in this field. So these reliable and accurate statistics will help for making winning strategies and prosper.
Statistics About Transactions Through Online Shopping
The latest statistics show that in 2021, the worldwide population will be more than 7.85 billion, and the number of online shopping consumers will exceed 2 billion. It shows that around 27 percent of the total population will be performing online shopping. Another necessary feature here is that the number has been growing swiftly over the years and will continue.
It is the best time to commence an online shopping store.
In 2021, the transactions through online shopping stores will value 19 percent of worldwide retail businesses. It determines that online shopping is gradually taking over the market and growing as an indispensable part of global commerce. So this inclination contributes boundless possibilities for new businesspeople.
Statistics About The Reasons For Online Shopping
These are the principal reasons for people doing online shopping.
49% of consumers prefer online shopping due to free delivery. 41% are interested in it because of the ability to use coupons and avail discounts. 35% of consumers say they like it because they can read reviews online. 33% prefer it because they can return and exchange items with ease. 30% voted in its favor due to the quick checkout process. 80% of consumers do online research before purchasing a product from an online store.
Online shopping stores must make sure that their store has a comfortable customer experience. Consumers must engage with a smooth and impetuous method, fast shipping, and hindrance-free returns. Online shopping stores should use social media and perform digital marketing on Facebook, Instagram, and Google Shopping.
These stores must provide shoppers with comprehensive and accurate product information, display lots of high-quality product images, well-narrated descriptions, and precise specifications. These steps will enhance the trust of the store as well as help the shoppers with research.
Statistics About Customer Service
Around 58 percent of people discontinue purchasing from a store that does not remain alert for good customer service practice. When a business disappoints, it transmits a very negative impact on the customer. Due to this inappropriate activity, the customer will withdraw from buying from the store again.
If an online shopping store does not render a good customer experience, it will abate soon.
On the other hand, when an online store provides satisfactory customer service, it successfully retains its customers. This retention creates repeat buying.
Another Key Point
There is an accelerated expansion in the number of customers who use mobile phones for online shopping. If consumers do not have a remarkable and positive mobile experience of an online store, there are very high possibilities that they will shun buying from that business in the future.
Online stores must have all devices responsive websites. They must never ignore the importance of mobile responsiveness of their websites. A fabulous mobile shopping experience engages customers. We know that speed matters, so mobile page load speed must be tremendous.
Competition And Scope Of Online Shopping In Pakistan
Online shopping in Pakistan has become a salient contributor to the growth of the economy. People are becoming more knowledgeable and captivated by online shopping in Pakistan.
Amazon is a big e-commerce giant and entering the Pakistani market. The contest will become harder. So get ready to take the challenge, employ these statistics to grow, and become the number one preference for online shopping in Pakistan.