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Internet Marketing Effects to your business - Online Retail Sales Sustained Its Double-Digit Growth

Online retail sales sustained its double-digit growth rate year-over-year, though sales from offline stores are declined indicating that customers are more comfortable with the online shopping than offline stores.

Luqman Technologies - Internet Marketing Company Pakistan Asia
PRLog - Sep. 12, 2008 - LAHORE, Pakistan -- Online Retail Sales Sustained Its Double-Digit Growth Rate To Reach $175 Billion...
About the Author:

Luqman Technologies Pakistan is a leading Search Engine Optimization (SEO Company) based in IT City Lahore Pakistan Asia. A Well Known Website Promotion Company providing Search Engine Marketing, Search Engine Placement and Search Engine Ranking Services, as well as Professional SEO Services, SEO Consultancy, Website Design and Web Development, Domain Name Registration and Website Hosting in Lahore, across Pakistan, and Worldwide to Textile, Telecom, Leather and Industry, Government, Foreign Missions and Embassies, Real Estate Brokers, Agents and Real Estate Companies worldwide. For more information please see our website http://www.luqman-technologies.com

Online retail sales sustained its double-digit growth rate year-over-year, though sales from offline stores are declined indicating that customers are more comfortable with the online shopping than offline stores.

According to a survey by Forrester Research Inc, online retail sales in 2007 reached $175 billion, a 21% increase over $144.6 billion in 2006.
Online retail sales sustains double-digit growth rate

Online sales have seen a slight decline in the growth rate, but sustained its double digit growth rate in 2007.

The sales have increased to $175 billion in 2007 to that of $144.6 billion in 2006, but the growth rate has dropped to 21% in the year 2007 compared to that of 29% in the previous year.

Number of online consumers increased over the years

Buying products online has become a regular experience for U.S Internet users.
According to e-marketer, the number of U.S consumers who have purchased online is more than doubled from 22% in June 2000 to 49% in September 2007.

This shows that the online retailers have attracted the US consumers to buy products online and also the consumers purchasing online increased as they are more comfortable purchasing online rather than offline stores.

Top 500 online retailers dominated sales in 2007

According to the Internet Retailer, America's 500 largest online retailers account for 61% of all e-commerce sales in 2007.

Their combined sales grew to $101.7 billion in 2007, an increase of 21.6% from online sales of $83.6 billion in the previous year.

In 2007 top 100 online retailers account for $87.7 billion of e-commerce sales, an increase of 22.5% from $71.6 billion in 2006.

The top online retailers have dominated the retail sales in the America in the past two years which shows that the online retail market is gradually getting concentrated with the top players.

Online retailers investing on acquiring & retaining customers

According to a study conducted by Forrester Research, online retailers allocate 53% of their marketing budgets to online customer acquisition and about 21% for the customer retention.
According to the survey, retailers say that search engine marketing is the most effective method of acquiring customers.

And addressing customers security concerns make online retail even more regular and retain the customers.

Online retailers beat offline stores in customer satisfaction  

Customers are more satisfied and had comfortable shopping online than offline stores.
According to the American Customer Satisfaction Index (ASCI) 100 point scale, e-commercials overall score measured 80.

Online retail scored 83 in 2007, up 2.5% from last years index. Offline retail score 74.4 on the scale. As per ACSI, customer satisfaction with online retail sales surpassed offline retail by 11.6% in 2007.

Though there is a slight decline in the growth rate, the online retail sales are continuously growing over the years as online shopping is becoming more popular among the customers.

Contact The Author:

Luqman Technologies Pakistan is a Reputed Search Engine Optimization (SEO Company), Providing Total SEO and SEM (Search Engine Marketing) Solutions worldwide with a great focus on Quality Check, Assured, User and Search Engine’s Friendly Website Design, Web Development, We are a Reliable SEO Company you will like to hire for all your SEO needs; Our SEO Services include, Professional SEO Services, Cost Effective SEO Solutions, Affordable and Low Cost Search Engine Optimization, Search Engine Marketing, Search Engine Placement, Submission and Search Engine Advertising, As well as Link Building, Directory Submissions, Content Writing, Development, Article Writing, Press Releases Writing, Development and Distributions. We also provide Cheaper or cheapest Domain Name Registration and Web Site Hosting on Secure, Reliable and Error Free Web hosting Servers for All your Business Ecommerce and Personal Web hosting needs and Our Servers are Up all hours and are based in the United States of America in the neat and clean environment. To Contact us, please reach us via http://www.luqman-technologies.com/contactus.htm

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Luqman Tecnnologies Pakistan is ASIAs Top Web Design SEO Services Company based in Lahore Pakistan. Our firm offerings include, Link Building, Manual Directory Submissions, Outsourcing, SEM, Web Development, Search Engine Optimization services.

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Source:Luqman Technologies - Internet Marketing Company
Phone:+923004329860 / +923008414369 / +92426152750
Location:Lahore - Punjab - Pakistan
Industry:Internet marketing
Tags:Internet Marketing, online shop, shopping online, ecommerce web shop, ecommerce website seo, ecommerce web design co
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