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People use the term "ecommerce" or "online shopping" to describe the process of searching for and selecting products in online catalogues and then "checking out" using a credit card and encrypted payment processing. Internet sales are increasing rapidly as consumers take advantage of
  • lower prices offered by vendors operating with less margin than a bricks and mortar store
  • greater convenience of having a product delivered rather than the cost of time and transport and parking of going to a store
  • sourcing product more cheaply from overseas vendors
  • great variety and inventory offered by online stores
  • comparison engines that compare and recommend product
  • auction sites, where they did for goods
The graph below shows increases in ecommerce spending in the last 4 years in Australia. This trend is set to continue with uncertain outcomes from traditional retailers.