Singapore has 3,370,000 Internet users as of Sept/09, 72.4% penetration, per ITU. The Q110 BMI Singapore Retail Report forecasts that total retail sales will grow from an estimated US$28.19bn in 2009 to US$40.40bn by 2014.
International Data Corp, an information-technology research consultancy, estimates that close to 80% of all e-commerce in Singapore will be B2B rather than B2C in the coming years.
Internet marketing done to your site and Onlines sales will help you to save your to around 31.1%. Which is a huge factor in saving your costs and increasing your profit margin.
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