Industry Analysis & Industry Trends
Online retailing has brought about significant changes in the Australian Retail Trade division, representing a 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. Online shopping has been aided by 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 consumer sentiment have been weak. Online shopping offers unprecedented choice through highly competitive prices and a lack of geographical boundaries... 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