Online shopping is a growing trend with more and more people shopping due to various factors. First and foremost, online shopping became popular due to its convenience. Rather than walk to a store to buy what you want, you can simply search it online and get it delivered to your house. Similarly, if you visit a store and don’t find what you’re looking for, you will have to visit another store. With online shopping, this issue is no more. Further, Online shopping also opens you up to products that are not available in your region or country.
For online shopping sites to be successful, they use social media monitoring tools to identify what the user requires and advertises it to them. This has enabled these sites to likely sell their products to the potential customers. This is a growing trend to further enhance online shopping and sales for businesses. Some sites do this better than others. Here’s a list of the most popular online shopping sites.
Amazon.com is a company founded by Jeff Bezos in 1994. The company started as an online bookstore that sold books in bulk. This was successful as the first few weeks, the company started selling books to many other countries as well. Sales were so good that Jeff Bezos brought on more products. He initially brought on what he thought the most promising products. Thereafter, the company started adding many more products to its portfolio. Today, Amazon has a large range of products on its site and there are many international sites as well, which cater to international customers. The company also offer fast shipping that allows the product to be received in one day. Amazon has grown to become the world’s largest retailer, even surpassing Walmart. Similarly, the company is also the largest internet company by revenue. The company is growing so fast, they may eve need banking business intelligence to handle the cash flow.
eBay is a company founded by Pierre Omidyar in 1995. Rather than using a direct buy and sell model, which the site does offer, it’s specialty is the bidding process for a product. One of the first products purchased on eBay was a broken laser pointer and when Pierre Omidyar inquired the buyers as to whether he knew he was purchasing a broken laser pointer, the buyer stated he was a collector of broken lasers. eBay is one of the most successful stories of the dot com bubble. Currently the company is headquartered on San Jose, California, USA.
Alibaba was founded by Jack Ma, a Chinese entrepreneur in 1999. Despite providing, consumer to consumer portal, it was primarily made for Chinese sellers to meet foreign buyers. Today, Alibaba is one of the top 10 most valuable companies in the world and the second Asian company to break a market cap of 500 billion USD. Being one of the largest internet companies, profits have surpassed some of the largest retailers in the world.