Identify Today’s Trends to Make Better Future Decisions

Posted By admin on September 27th, 2010

Identify Today’s Trends to Make Better Future Decisions Internet Shopping Is On The Rise – Entrepreneurs Take Note

Statistics Canada says in a report that Canadians are shopping more online these days than ever before. Let’s look at some important highlights of the report:

– Canadians ordered $15.1 billion worth goods and services in 2009 (was 12.8 billion in 2007)

-39 per cent of Canadians (aged 16 and over) placed 95 million orders (was 32 per cent and 70 million orders in 2007)

– Average value per order stands at $158 (was $183 in 2007)

– Most common types of orders are: travel services and entertainment products such as books, clothing, magazines, accessories etc.

– 52 per cent Canadians went to research their products before buying at stores (43 per cent in 2007)

Now, here is what these highlights translate into in a broader sense:

– Although these stats represent Canada, the world’s one if the top developed countries – situations are no different in other developed countries and developing countries will soon follow.

– More and more people will be accessing the Internet.

– Online retailers will be seeing increased demand for their products and services

– Advertisement opportunities (for blogs and websites) will increase representing online retailers and stores.

– As people are spending more time on the Internet, researching before buying at physical stores and shopping online, content base websites or blogs will see a huge spike in traffic.

So, if you are an Internet entrepreneur, you should pay attention to these trends – people’s changing habits. The Internet will always provide money making opportunities for those who are able to identify, analyze, and utilize today’s trends to make better strategic decisions in the future.

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