Industry Analysis & Industry Trends
Online retailing has changed the face of the Australian Retail Trade division, representing a paradigm shift in the way consumers make transactions. The industry has grown dramatically over the past five years, to become part of the mainstream Retail Trade division. The rise of online shopping has been aided by the rapid growth in internet and broadband penetration, combined with consumer acceptance of electronic commerce as a viable and safe alternative to traditional bricks-and-mortar retailing.
The industry has benefited from consumers seeking variety and value, particularly as discretionary spending and overall consumer sentiment have been relatively weak. Online shopping offers unprecedented choice, as there are no geographical boundaries and prices are highly competitive... purchase to read more
Industry Report - Starting a New Business Chapter
The Online Shopping industry has minimal barriers to entry. The difficulties involved in entering the industry vary according to the type and scale of retailing intended. Smaller, niche retailers are able to commence trading with very little capital outlay, as the initial cost of establishing an online business is low compared with other retail industries. New entrants need to purchase a website and domain name and establish solid relationships with manufacturers or wholesalers in order to guarantee a consistent and reliable supply of products. Online stores should be continually updated with new stock in order to meet consumer demand... purchase to read more