BlogSource1: Making a BIG deal out of small business

MyWebSource1 specializes in helping small- and mid-sized businesses develop strategies to increase revenues, decrease expenses, and improve customer relations. We can show you the tools to overcome the challenges business owners face when establishing an online presence.

Sunday, June 08, 2008

High Gasoline Prices Turn Consumers To Online Shopping

by James Fowler
www.mywebsource1.com

Do you sell a product or service? Are you looking for a way to make money with a hobby or business idea? Maybe you should look to selling your business online. Even if you aren’t looking to have an ecommerce site, people are going online to find your business. If you do not have a web site, this is something you may want to consider.

The high price of gasoline does have one positive effect for consumers: As gasoline prices rise, people forgo driving their SUVs out to their local malls and start up their PCs to shop online.

As prices of gasoline threaten to peak over $4.00 a gallon across much of the United States, online sales are beginning to rise. According to Drapers.com, a website dedicated to the international fashion market, online clothing and shoe sales rose 38% in the past year. In fact, internet sales now are responsible for almost 2% of all sales made in the United States. This may not sound like a lot, but that number is over $50 billion dollars in US sales – almost double from the $24 billion dollars spent online in 2004.

This number continues to grow at a steady pace. Free shipping, discounts and ease of ordering over the Internet are also attributed to attracting customers. The war with Iraq and fear of terrorism are other reasons some Americans state as to why they are now shopping online.

In a recent survey from Shopzilla.com, 40% of internet shoppers say they have increased their web purchases to save on gasoline. With gasoline rising on a daily basis and people moving away from driving to the store and looking for products online, maybe it is time to build your web site.

Labels: , , , , , ,