A forecast of online e-commerce sales in US for this year and 3 years after revealed couple of days ago. I believe this forecast should be applied for North America economy including Canada. In the report:
US retail e-commerce sales (excluding travel) will total $132 billion in 2009, down 0.4% from 2008. Assuming the recession ends this year, as many economists predict, eMarketer forecasts online sales will begin to rebound in 2010 and hit full stride in 2011.
The Retail E-Commerce Forecast report tracks the trends that will influence online sales in the near and far future.
Web research has become a priority for value shoppers in today’s recession. Currently 86% of Internet users are online shoppers—they browse, research and compare products on the Internet, but do not necessarily buy online. As a result, though often ignored, store sales influenced by online research are three times higher than e-commerce sales.
Even so, many consumers opt to buy online for convenience, price and broad product selection. Over 80% of online shoppers are also online buyers.
Even after a decade, some online consumers still refrain from buying online due to security and privacy concerns or the inability to touch and feel products. But Web retailers are adding new content and features to overcome these hurdles.
What would you think if you have an offline business, i.e. a real estate agent, an insurance broker, a dentist, a plumber, etc. whose businesses are relying on local newspaper ads, yellow page ads, flyers, or radio and TV ads sometimes?
How would you justify the online business trends today and future? Even though some of you may have set up a website and trying to push your business online, did you really get new customers through your website?