Rapid progress in technology, secure payment, and logistics in order to attain the trust of consumers increasing trend of online shopping. Peoples aren't going shopping but always doing shopping everywhere and every time. Increase in the usage of mobile phone and internet also makes it more convenient and as per record Global Online Shopping has produced approximately $1.9 trillion arenas.
KPMG International produced a report in which the concept of adaptation on online shopping has been explained properly. The transformation of a business retailer and consumers from traditional store to the latest world of shopping increasing day-by-day. Retailers need to be responsive and active to satisfy the potential customer. These customers are used to place their order subconsciously and consciously as they always busy in shopping journey.
Consumers of the online store have been classified into three categories which includes Baby Boomers (1946-1965), Generation X (1966-1981), and Millennials (1982-2001). Their behavior depends on their schedule, experience, and culture.
Generation X is considered as energetic online shoppers who always shop the latest product smartly. Their thrust for new products is relatively high and they usually shop clothing, home appliances, and electronic items. They always willing to join the latest trends that's why they easily accept change as per requirement. There need and responsibilities are also relatively more than other age groups that's why they have to shop good item in minimum time and it can be possible through offers of an online store. Income level, age are primary factors that increase the trend of online shopping that's why Generation x make more purchasing through online store instead of technology lovers (Millennials).
Millennials are less adopter of online shopping but they start considering it after joining their professional life. Their income is relatively low then Generation X that's why they shop as per their range but they always prefer to shop through online. They also search different stores for good deals and choose the right thing in the right place.
Baby Boomers are known as the older generation and their interest in online shopping is lesser than other generations. They are used to buy products by following old traditions and their knowledge about technologies are also relatively low. Their low ratio based on their low interest but sometimes they also prefer to shop through an online store.
Seasonal Deals at Online Store
• Thanksgiving Day Deals
• Cyber Monday Sale
• Christmas Sale
• Independence Day Sale
• Halloween Sale
• Clearance Sales
• New Year Sales
• Religious Event Sales
High Rated Product at the Online Store
There are numerous products that have been selling through online store from many decades and some main products are as follow.
Electronics
These item are one of the top selling product at different online stores. There are many online stores that sell an original electronic item in market price which isn't possible in the physical market. Price of those electronic items may vary in physical market but peoples can purchase it directly from the distributor and avoid 2nd party or 3rd party cost. In electronics, most selling products are mobile phones, laptops, led TVs and other such appliances.
Clothing
Items are the 2nd most highly demanding product of online store which includes casual and semi-casual clothes. The reason behind its demand is the craziness of people toward the latest fashion. They don't want to wait to follow the latest fashion trend and search those clothes on google to buy it online. Men clothes have the same demand as women clothes in the market because both consider it a convenient way to follow the latest fashion.
Kids Store
Are also attracting huge market as they need many durable products and their parents have less time. Online Kids Store offers some latest and durable kid's product in different variety through which peoples choose a suitable item for the kid without pushing themselves into trouble.
Office Equipment
It is also available in huge variety at multiple online stores through which anyone can shop suitable item for office in minimum price. Organizations want to equip their office with good products without investing a huge amount. They prefer to shop those items through online stores to refine the best product in best price.
Home Living & Kitchen Appliances
These are also highly demanded product because these products are easily available in huge variety at an online store in the latest models. Women love to buy the best thing for their home and requirement of each home is different from other. They can get a huge range of home living and kitchen appliances from a different online store and easily select suitable one for their place.
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