Since the introduction of the internet to the everyday market, the entire landscape of the whole world has been transformed by it. This is something that not many expected to happen but if you haven’t evolved with the times then your business would more than likely be left behind. We thought we’d look at the retail sides of the business and how online business has taken over from high street retail since the introduction of the internet.
[Image: Royds Withy King]
The main reasons why online retail is taking over from high street business is due to the fact that consumers are able to get a cheaper price product online than they are when shopping in store on the high street. Due to the competitiveness of the market, online retail owners are having to compete against the whole internet to ensure that you purchase with them and not with anyone else on the internet so ensuring that their product is the cheapest on the internet has proved by many more of us are using online retail rather than shopping on the high street.
One business that we have seen benefit from the rise of the internet and are now using as their sole format of revenue is at these online casinos at these sites not blocked by gamstop. They are now seeing a migration of punters who would prefer to gamble from the comfort of their own home rather than travel to a casino that isn’t blocked by gamstop.
This works both ways as well as the cost saving element works for the business owners as well and therefore, we are seeing more businesses move from the high street and becoming a fully-fledged e-commerce business. This is mainly due to the fact that owning a high street comes with a high cost, mainly down to the rent which is of course going to decrease profit margins and also you need labour to station the shop in comparison to owning an online business where there are limited start-up costs.
And finally, the convivence that shopping online offers to us consumers for shopping totally outweigh those of physically having to travel to a high street store. This is due to the fact that we are now able to order from the comfort of our own homes and have it delivered the very next day which is of course so must easier than having to use travelling costs to go to the shops, pay for parking, and then purchase and item which is more expensive than that of online alternatives.
