Sales On the World Wide Web
Online sales to consumers are up by 34% over the same week in July last year. This is helping to fuel the continuing yearly increase that online businesses are enjoying. For the first half of 2005, online sales are up by over 25% over the first half of 2004.
These constantly increasing numbers show that the Internet is still growing faster than the economy as a whole. The brick and mortar sales for the same period also rose, but only by 6.3%.
What are the dollar figures for these increases? Try $36.6 billion in online sales for the first half of 2005. That’s up from $29.3 billion for the same time last year.
These numbers are impressive and show why so many companies and individuals are taking their ideas to the Internet. Ebay also shows an increase in listings of 34% over last year and a 36% increase in gross merchandise sales. Many other retailers also show large gains including Amazon with a 26% increase.
If you’re in business or thinking about starting one, the Internet continues to be a place for large exposure for a small cost. Even the sales of computers have increased, up almost 15% over last year. There are more people with more computers buying from the Internet and the growth does not show many signs of slowing down yet.
A recent survey also indicated that real world sales are often preceded by an Internet search. Before buying larger ticket items many consumers are seeking out the best deals they can find from Internet sources.
Even if your company doesn’t sell from your website people are still looking for information. If you’re not providing it for them you can bet your competition is. Here’s a quote from the August 2005 Internet Retailer magazine, “The Internet is no longer a medium where it’s nice have advertising. Today, a web presence is required.”
Mike Myklin is an author, a lecturer, and an e-commerce owner. If you have questions about the Internet and e-commerce, you can send them to him and he will try to answer them in his column. You can also read this article on-line at http://www.myklin.com/.
These constantly increasing numbers show that the Internet is still growing faster than the economy as a whole. The brick and mortar sales for the same period also rose, but only by 6.3%.
What are the dollar figures for these increases? Try $36.6 billion in online sales for the first half of 2005. That’s up from $29.3 billion for the same time last year.
These numbers are impressive and show why so many companies and individuals are taking their ideas to the Internet. Ebay also shows an increase in listings of 34% over last year and a 36% increase in gross merchandise sales. Many other retailers also show large gains including Amazon with a 26% increase.
If you’re in business or thinking about starting one, the Internet continues to be a place for large exposure for a small cost. Even the sales of computers have increased, up almost 15% over last year. There are more people with more computers buying from the Internet and the growth does not show many signs of slowing down yet.
A recent survey also indicated that real world sales are often preceded by an Internet search. Before buying larger ticket items many consumers are seeking out the best deals they can find from Internet sources.
Even if your company doesn’t sell from your website people are still looking for information. If you’re not providing it for them you can bet your competition is. Here’s a quote from the August 2005 Internet Retailer magazine, “The Internet is no longer a medium where it’s nice have advertising. Today, a web presence is required.”
Mike Myklin is an author, a lecturer, and an e-commerce owner. If you have questions about the Internet and e-commerce, you can send them to him and he will try to answer them in his column. You can also read this article on-line at http://www.myklin.com/.
posted by Mike Myklin at 6:41 AM
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