83% of China’s digital shoppers made an online purchase in the past month

Quote Info

In 2017, Global Web Index surveyed more than 72,000 internet users to determine who the world’s most avid online shoppers are. The survey results showed that the highest percentage of digital shoppers who made a purchase in the previous month come from China (83%) and South Korea (83%).

The percentage of UK’s online shoppers was slightly lower at 82%, while US online shopping population ranked outside the top 5, with 77% of digital buyers making an online purchase during the previous month.

More Tech Services Stats

Sony’s PlayStation brand had accumulated approximately 38.57 million fans on the social network

The average SaaS company spends just 6 hours determining their pricing strategy

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

How to Reduce Churn

If the numerator of your quick ratio is growing that means your revenue is growing. It’s important to keep increasing revenue to counter any MRR (Monthly Recurring Revenue) that is lost to churn

The very best SAAS companies keep monthly revenue churn at around 0.58%, that’s only about 7% revenue churn a year

For a SaaS business of almost any scale, the valuation impact of better retention is in the tens of millions over time

As of December 2018, there were total 105,000 employees in Lockheed Martin, as compared to 126,000 employees in 2015.

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; which may have a dramatically negative effect on your company’s growth. Source: Mckinsey

Growing faster has twice as much impact on share price as improving margins

More Web & eCommerce Stats

There are around 3.8 million e-commerce sites in the USA

Without good design it is easy to miss the point

A designer knows he has achieved perfection not when there is nothing left to add, but when there is nothing left to take away.

The Internet has been the most fundamental change during my lifetime and for hundreds of years.

There are 9.6 million websites that use e-commerce technologies

Design is where science and art break even.

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools

62 percent of companies increased their sales by designing responsive mobile platforms for their websites.

People think that design is styling. Design is not style. It’s not about giving shape to the shell and not giving a damn about the guts. Good design is a renaissance attitude that combines technology, cognitive science, human need, and beauty to produce something that the world didn’t know it was missing.

Behavioral design is all about feeling in control. Includes: usability, understanding, but also the feel.