Are Internet Shopping Malls Replacing Brick and Mortar Ones?
To begin with, ecommerce has low overhead and start-up costs thanks in part to inexpensive, yet robust e-commerce software and services on the market. In a slowing economy on-line sales are still growing at triple the rate of store sales. In addition and perhaps more importantly, more and more on-line shoppers are turning to the web instead of paying for gas to go to the mall. On-line shoppers also save time; no walking from store to store price comparing, no standing in long lines to make purchases, and they can shop when ever they like because on-line business are open 24 hrs a day, 7 days a week. Most on-line stores offer a free shipping option and many even next day shipping with a minimum purchase requirement; thereby making more easier for shoppers to purchase on-line. Another reason shoppers may prefer to shopping-on-line is because they can read other consumer reviews before they decide to make a purchase. The easy and continuity of shopping-on-line makes brick and mortar business less desirable.
As more on-line shoppers flock to the web to make purchases, more and more small business owners are opting to start an on-line business instead of brick and mortar business. There are great benefits starting an ecommerce are: low start-up costs, endless marketing possibilities, easily traceable results and access to an international audience. Statistics show that on-line ecommerce is quickly outpacing brick and mortar business. All signs indicate that on-line ecommerce business are quickly replacing brick and mortar business.