Due to numerous advantages and benefits, more people in current days prefer purchasing online over traditional visiting stores, which mainly use big discount stores, because their prices are competitive and they are sure that the quality of product is far better. There are many online stores which is specially geared for the buyers and the online retailers offer various discounts.
Most of the consumers are trying to save as much money as possible, to make their purchases with best quality and at most competitive prices. They are very concerned about their online shopping experience, and therefore many online retailers like Amazon and eBay offer a variety of free shipping services so that the consumer can ship their order with ease, not to mention all the offers they have available online, Amazon constantly gives an amazon promo code to the public, giving customers the opportunity to save even more!
It’s obvious that the customers are attracted to the sites which offer free shipping services because they know that the delivery will be fast and convenient and they want to make their purchase with assurance that they will receive their products on time. Most of the customers want to ensure that their purchases are well-made, and they want to have the satisfaction of having the products delivered to their homes. The majority of these consumers are willing to pay as much as $1.00 for an order in order to receive the items within 14 days. The products offered on these online marketplaces do not have the same quality as they do in the offline markets. Online markets, unlike offline markets, offer customers greater opportunity to compare different products. They are able to make more informed purchases in a timely fashion, which is key for them.
Free shipping on Amazon.com is offered to customers who shop at Amazon by logging into their account. Online customers are able to select their preferred shipping option from a wide variety of options such as free shipping.
According to a study conducted by the International Association of Administrative Professionals (IAPA), eCommerce retailers are expected to reap a 30% to 50% increase in sales and earnings. By 2016, the eCommerce market is expected to be worth $46.8 billion.
Amazon, among the top 20 eCommerce companies, is growing at a fast pace with more than 7.4% revenue growth annually. The company is expected to reach $250 billion by 2018 and the overall eCommerce market will be worth $1.1 trillion. The eCommerce business has the potential to be very profitable for the big players, which makes it an attractive business. In terms of valuation, the Internet-based retailer is valued at $182 billion.
As the online retailer, Amazon is the second most valuable company in the world after Walmart. For 2015, Amazon was ranked first in terms of market capitalization behind only Apple. It is one of the most profitable companies in the world. It has a market capitalization of $223.6 billion and revenue of $135 billion for 2015. For 2016, Amazon has plans to invest $50 billion to build an “Internet of Things” which includes services and products. For 2016, the company plans to be valued at $250 billion.
The other two companies on the list are worth about $39 billion and $18 billion respectively. With their growth, the company’s stock price is surging. Amazon stock has increased by over 11% since its first trading day on the market in 1995. In fact, the shares are so hot that there are rumors of a takeover bid from Yahoo which would value the company at around $50 billion.
