E-Commerce Fun Facts

FUN FACTS

• E-commerce actually started in 1979. Michael Aldrich connected a domestic television set with a phone line to create online shopping back, which boomed in the 1980s and 1990s before the Internet took off.
• Amazon launched in 1995. However, Amazon didn’t start turning a profit until 2003. The average order value as of 2012 for Amazon is $47.31, and of course, Amazon is known as one of the largest online retailers.
• Netflix was not the first online DVD subscription retailer. Blockbuster created Blockbuster.com in 2004, but it’s not clear when the service began that was like Netflix. Ultimately, Redbox and Netflix led to the downfall of what used to the biggest name in home video entertainment.
• Groupon turned down a deal from Google for $6 billion in 2010. The online deal broker became an IPO the next year.
• Zappo makes money off of referrals from social media. The online retailer takes $0.75 from Pinterest, $2.08 from Facebook and $33.66 from Twitter.
• 46 percent of online shoppers count social media when deciding whether to buy something online.
• 47 percent of shoppers say that Facebook has the greatest impact on what they buy.
• 54 percent of Facebook members use their phones to browse.
• Polyvore has the largest average order value maintaining $66.75 per order.
• More than 80 percent of the online population has used the Internet to purchase goods and services.
• 50 percent of the population online has shopped at Internet retailers more than one time.
• By the year 2040, it’s estimated that 95% of all purchases will be through eCommerce.
• The highest growing country for e-commerce is India followed by Saudi Arabia, Indonesia, Australia and the Philippines. The least growth for online shopping includes Latvia, Ukraine, and France.
• North Dakota shoppers spend the most money online. Typically, this state’s residents spend 16% of their income on online purchases.
• The biggest e-commerce store is Amazon. Second is eBay, followed by Apple, Walmart, and The Home Depot.
• Online shoppers in the 31 to 44 and 55 to 65 age groups spend the most money shopping online at 68 percent.
• Online shoppers spend between $1,200 and $1,300 on purchases made over the Internet each year.
• Pizza Hut was the first pizza chain to offer online ordering in 1994.
• Most shoppers at 71% believe that they can find a better deal when they shop online rather than going to a store.