Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browswe or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine which displays the same product's availability and pricing at different e-retailers.
An online shop evokes the physical analogy of buying products or services at a regular "bricks-and-mortar" reatiler or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called bussiness to bussiness (B2B) online shopping
Online stores usually enable shoppers to use "search" features to find specific models, brands or items. Online customers must have access to the Internet and a valid method of payment in order to complete a transaction, such as a credit card, an interac-enabled debit card, or a service such as Pay Pal.
World Wide Online Shopping Growth:-
22% of global retail sales will be thanks to ecommerce by 2023. To give context to this growth, 14.1% of global retail sales were ecommerce purchases in 2019. The growing number of ecommerce websites is definitely a contributing factor to this holistic number.
Online shopping is growing so fast that the global online shopping market size nearly hit 4 trillion in 2020. And in the US alone, we're expecting to have 300 million online shoppers in 2023. That's 91% of the country's current population!
