Ecommerce is one of the biggest industries in the world. In the US alone, it makes up 2.4% of last year’s GDP. That’s a very huge chunk, amounting to over $500 billion.
So, if you’re an online retailer, it pays to know more about the industry you’re in. This will help guide your decisions and strategies around your business.
As we mentioned above, the main reason why Amazon is continuously growing is they focus on their customers. They make it easier for them to buy the things they want. And by focusing on their experience, they are slowly changing buyers’ behaviors and expectations.
As an online retailer, if you don’t learn from what Amazon is doing and where the industry is headed, you’ll get left behind.
Amazon accounted for 33.7% of all eCommerce sales for a total of USD 232 billion in net sales in 2018. As an eCommerce site owner, you’re probably already selling on Amazon. And if you’re not, the thought has probably occurred to you more than once. If it hasn’t, you should start thinking about it. People […]
The challenges of online retailers continue to grow. Amazon continues to dominate the online marketplace. In 2018, it accounted for 33.7% of all e-Commerce sales for a total of USD 232 billion in net sales. According to the US Commerce Department, e-Commerce represented a growing share of the retail marketing in 2018, taking a 14.3% […]