Online Stores - E-Commerce

If you have products to sell, you need an online store. In 2007 £40 billion will be spent on online purchases by the British alone. Well respected website uSwitch.com has predicted that by 2020 this figure will have grown four fold to sales of £162 billion per annum. Average prices online are 13% cheaper than high street stores. This along with increased consumer confidence with using Credit Cards for online purchases means things will only get better.

These days, with just a click of the mouse, consumers can buy any product online. These products range from clothing, power tools, koi carp, groceries, cars, insurance, loans, records, plants, medicines and computers. E-Commerce enables consumers to shop at 100s of thousands of online stores and to pay for their purchases without leaving the comfort of home. For many, the Internet has now become their first choice when it comes to shopping. People shop online for 3 main reasons - convenience, selection and cost. The key to getting a piece of the action is overcoming stagnant conversion rates. 2.5% to 3% is a normal conversion rate.

E Commerce - Things To Consider

Any UK business that sells goods or services must comply with a wide range of regulations on their quality and suitability. But 'distance' or 'online' sellers have to abide to a number of extra rules. These rules apply to any individual/business selling by mail order, catalogues, phone, fax or Internet.

Understanding and complying with the distance selling regulations puts you on a firm footing when dealing with consumers, and can help you to avoid disputes. This guide gives an overview of the rules on distance selling and online trading and tells you where you can find out more.

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