How to Take Your E-commerce Business From $10 to $100 Million

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The e-commerce industry has grown into a behemoth in recent years, and it just keeps expanding, thanks to growing consumer trust and the improvements in technology around mobile, shopping, and even logistics and shipping. In fact, according to eMarketer, e-commerce is the only trillion-dollar market that is projected to grow by double digits for the foreseeable future, following a track that started in 2010.

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How to take your e-commerce business from $0 to $1 million

How to take your e-commerce business from $0 to $1 million

Based on the way that e-commerce has grown, it’s safe to say that consumers love the convenience of being able to shop online.

In 2021, global e-commerce sales grew by 16.2% to more than $4.9 trillion, accounting for 19.6% of all retail sales worldwide. And this trend isn’t slowing down, with that sales figure predicted to climb to nearly $7.4 trillion by 2025, and more than a quarter of global retail sales are expected to be online. Historically, from 2005 to 2007, year-over-year growth averaged 23% before dropping to around 3% during the economic crisis in 2008 and into 2009. The growth returned sharply in 2010 at 16.6% and has since held around 15% growth on average year over year.

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