 SearchSyndicationCategoriesBlog Carnivals (25)Business Law (19) Customer Service (12) Family Business (4) Human Resources (27) Marketing (53) Money (36) Motivation (21) Networking (23) Operations (71) Ownership (52) Startup (41) Taxes (20) Technology (34) Ventures (20) Recent Posts• Telephone Etiquette Tips - Handling Client Calls• Choosing a Business Name • Seeking a Dream • Expanding Your Business Overseas: Why and Why Not? • Getting the Most Out of E-Mail Marketing • How to Fire an Employee ArchivesAugust 2008May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 |
GreatFX Business Cards › Small Business Buzz › Internet Business Sees Holiday Shopping Boom
Small Business Buzz
Internet Business Sees Holiday Shopping BoomA doubleshot of business news espresso with extra froth Now is the time to have an Internet business, as holiday shoppers are increasingly finding their stocking stuffers through online retailers. From November 1st to December 3rd of this year, internet shopping rose to $12.42 billion, an increase of 25% since last year. The number of people making Internet purchases jumped 17%, while the amount of money spent by each buyer increased by 7%. The retail areas seeing the most increase: videogames, jewelry and even tickets to concerts and shows. An abundance of holiday Internet shopping occurrs on what is called “Cyber Monday,” the Monday following Thanksgiving each year. That is when online retailers debut their holiday products, virtual door busters and promotions such as free shipping with purchase. However, with increased Internet shopping comes increased security concerns. An average of 46% of the 155 million web shoppers are concerned about the security of their personal information when making a purchase, but those numbers are typical. Software developers such as Microsoft have been working hard to counteract shopper woes, such as upgrading security features of Internet Explorer web browser. The new version warns users if the site they are visiting is an imposter rather than an actual retailer. The down side is, as a new system, this only works 30-40% of the time. Online retailers are also taking extra precautions. More frequently they are purchasing liability insurance that will cover themselves and their customers in the case of identity theft. By advertising this protection on their websites, retailers hope to encourage buyers to proceed with a bit more confidence. Despite the reservations that the risk of identity theft pose, online purchases are expected to continue to increase over the holiday season and in future years as consumers enjoy shopping from the comfort of their own home. After all, who really wants to fight the crowds when you can get deals just as good online?
Sources: Tags: Internet shopping, Cyber Monday, security, identity theft Bookmark to:
Related Buzz Posts:         • The Beneficial Chaos of Black Friday • Is Your Business Online Yet? • Easy Return Policy Means Return Customers • Marketing Strategies for Halloween By Michelle Cramer Tuesday, December 12th, 2006 @ 4:53 PM CDT Technology | |
|
Share Your Thoughts
Freedom of speech is a beautiful thing.
Thank you for taking the time to voice your opinion on this article.