Nearly half of the UK's shoppers have bought goods online which have turned out to be not what they ordered, according to research by a video review site.
Recent reports from the Interactive Media in Retail Group predict that Britons will spend around £15bn online this festive season.
But video review site Vzaar warned that, if 46 per cent of customers are not receiving the goods they ordered, this equates to a waste of £6.9bn.
The Vzaar survey claimed that shoppers are increasingly unhappy with sites that rely solely on static images and text to sell products and services.
One in five respondents would be willing to pay an additional 10 per cent for the reassurance of seeing products and services in more interactive detail, the video firm claimed.
If this is true, online retailers could make an extra £300m using video in adverts and listings.
"The rise in popularity of video sharing sites is one of the main pillars of web 2.0, but retailers have yet to embrace its power," said Adrian Sevitz, described as 'chief geek' at Vzaar.
"In the busy Christmas period, innovative use of video could really help sites stand out from the competition, encourage trust among customers and maximise profits."
However, recent research by More Computers claimed that, although shoppers are turning away from online advertising in favour of customer reviews and blogs, features like video reviews have yet to capture the imagination of even the most experienced online shoppers.
The Vzaar survey also claimed that 58 per cent of online shoppers believe sites using video are more professional, while just over half say that seeing a video makes them more likely to buy. Some 42 per cent expressed more trust in a site that uses video.
UK buyers most influenced by fellow customers 26 Nov 2007
Company comes clean on retail site outage 29 Nov 2007
Attacks having a detrimental effect on reputation 26 Nov 2007'Cyber Monday' expected to be even stronger than 'Black Friday' 26 Nov 2007Online buyers urged to look before they leap 07 Nov 2007
Internet shoppers set to break record for sales over festive period 29 Nov 2007
Intelligent Energy ramps up funding for R&D and partnerships 04 Jul 2008
Focus on energy savings through fuel efficiency for homes and public and commercial buildings 04 Jul 2008
ActionAid accuses G8 of driving more people into poverty by pursing biofuels and cutting agri-aid 04 Jul 2008
More news
Businesses' new found focus on the environment may be welcome, but according to Conrad MacKerron, it is taking attention away from workers' rights issues – and the credibility of the entire green business movement could be at risk 03 Jul 2008
It may be a year old, but as Dell's Jonathan Perry explains, firms looking to get rid of their old IT kit still need to pay attention to the WEEE directive 02 Jul 2008
Telling customers about your environmental targets is all well and good but, as Paul Thomas argues, they are meaningless if you do not know how they are to be achieved 01 Jul 2008 More in-depth
Post your comment
Send an email to the Business Green editor at feedback@businessgreen.com
