Business

E-commerce Rebound
Rest assured e-commerce consumer spending are back online

Even before the September 11 attacks on the USA, online retailers have experienced declining profits. The Internet sales fell to $ 7.46 billion in the second quarter of 2001, down $ 7.59 billion during the first quarter of the year, according to the August 30th issue of the industry standard magazine online. Economy.com research firm noted that "maybe e-commerce sales reached a plateau, and growth here will proceed at a moderate rate."

Apparently, Economy.com was incorrect. Although online sales has been put in a spiral down immediately after the terrorist attacks, Internet sales are definitely on the rebound.

Citing estimates from comScore Networks, a consumer society which can track Web browsing and buying habits, the Wall Street Journal reported in September that Web sales between Tuesday 11 and the following Sunday, dropped 35%, down $ 291 million the previous week. But comScore notes that sales began to recover within two days following the attacks, from $ 8.5 million on September 12 to $ 124 million on September 13 and $ 129 million on September 14. The Wall Street Journal said the data suggests Internet buyers returned to their previous buying habits, once the shock of the attacks bore fruit.

The Associated Press has submitted additional evidence of recovery when he said that the comparison shopping site BizRate.com saw an increase of 17% of online sales between September 10 and October 8.

Biz Rate.com predicts an increase in the fourth quarter, sales, according to an article last October BusinessWire. The site provided a 25% e-commerce sales gain over the same period in 2000. BusinessWire article also noted that the success of the holiday season online depends on how consumers are spending freely in these times of economic uncertainty.

Rest assured e-commerce are consumer spending online. It is now time to take a look at your own website. If you are not currently processing credit cards online, you have money immediately. Regardless of the economy, people will use their credit cards and you'll still need to accept non-cash transactions.