What do you know about Canadians? That they love; hockey, free healthcare, excavating diamonds, the French language, and even the Queen of England. But did you know that they love online shopping, even more than they do at brick-and-mortar shops?
A new report has highlighted this paradigm, citing three key statistics that illustrate just how important e-commerce has become, and the detrimental effects for businesses that lack an online presence. This trend, of course, doesn’t just apply to Canada, it affects everyone, especially first-world countries the world over. In a highly likely scenerio, these shopping habits will eventually permeate undeveloped nations.
63% of Canadians believe a website makes a business more credible
Related to that figure, 62% of Canadians believe that a businesse’s credibility can be affected by not being online. This shows that a website or at least social media activity is expected for any type of business. After all, it is online that people search for in-depth information on a business. When reputation is the live and blood of a business, it becomes important to be able to be found on the internet.
Canadians are projected to spend $39 billion dollars online by 2019
This means that almost 1 out of 10 (9.5%) retail purchases will come from an online shop in Canada. It is because of this shift that even giants such as Walmart have had to close down physical stores and are now turning their focus toward their online portals.
62% of Canadians prefer shopping online
It is understandable that people in Canada and elsewhere are preferring to shop online. There is a much wider variety of products plus prices are typically lower on the web. Furthermore, it is pretty comfortable to shop in your pj’s than to stand in those pesky long lines. You also avoid wasting gas on trips and on the contrary receive your item at the foot of your door. The cost savings extend to the retail businesses as well, since they only need warehouses from where to ship, instead of leasing or developing the land for a multitude of stores that are in close proximity. In nearly every angle that you look into, e-commerce increases efficiency for both the shopper and the seller. No wonder “Canucks” are among the most advanced societies.