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Why should your business have an Internet presence?

According to the US Government's Small Business Administration (SBA), small businesses that have informational  web sites (non-e-commerce) generate nearly 30% more revenues than those who do not.  Businesses that have e-commerce web sites generate an additional 40-60% revenue.

Research Shows: eTailers ring up a big year!

  • Consumers are growing comfortable with click-to-buy: Online sales for the 2003 Holiday Season totaled $12.5 billion, up 29.5%!.

 

  • Revenue for online retail in 2003 reached $93 billion, a 27% increase!.

 

  • Over 190 million people search the Internet monthly for products and services.

 

  • The U.S. Department of Commerce reported that online retail sales grew 28.1%  in the first quarter of 2004 compared to the same period last year.  Total online retail sales volume through March 31, 2004 was $15.5 billion!

 

  • Selection and time savings are the big reasons given for online shopping.

 

  • Repeat customers account for a growing portion of online sales, and these same customers are typically spending more each time they buy online.

 

Shopping online is here to stay, and online sales growth is explosive.

(From 2004 reports by Forrester Research,
comScore Networks and the U.S. Census Bureau)

 

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