MattsenKumar conducted a study “23 E-commerce statistics Every Leader Should Know” and the results are shocking. The moment I read those, I knew, I am going to write about it in detail. In recently concluded online sales, Flipkart and Amazon together sold products worth 19,000 crores. OnePlus alone sold phones worth 700 Crores in just 2 days. If you think these stats are crazy, wait and take a deep breath and read further.
2. 23% of products are returned because they are fake.
3. 21% of products are returned because they were damaged in transit.
4.“46% of shoppers buy items online to save time and escape from going out”.
5.69% of carts are abandoned due to hectic login process & hidden costs.
6. By 2040, almost 95% of products are expected to be sold via e-commerce.
7.80% of American Internet Users have Purchased at least one time online.
8. 54% of people shop online because it provides them with the freedom to shop anytime from anywhere”.