How Many Ecommerce Sites Are Successful?
There are several different ways to measure the success of an eCommerce website. While many fail miserably, some have a special x-factor that separates them from the pack. Statista predicts a 22.0 percent increase in eCommerce sales by 2016.
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Statista predicts 22.0 percent growth in eCommerce sales
According to Statista, eCommerce sales will grow by 22.0 percent in 2019. The fastest-growing region is Asia-Pacific, which will account for 64.3% of global eCommerce spending in 2020. Latin America and Middle East/Africa are predicted to grow at identical rates, at 21.3% and 14.5%, respectively. The fastest-growing regions in Latin America are China, India, and the Philippines. North America and Western Europe will experience slower growth at only 10.2% and 14.5%, respectively.
90% of eCommerce sites fail
According to statistics, 90% of eCommerce websites fail within 90 days. Out of these sites, two-thirds failed because they lacked online visibility and failed to compete with larger companies. A healthy website has three pillars: technology infrastructure, functional capabilities, and the quality of the user experience. To succeed in the eCommerce industry, it’s essential to know what niches to target and how to differentiate your products and services from those of the competition.
Staples
How many staples eCommerce sites are there? The question on everyone’s mind: How many of these sites are successful? Despite its retail presence of more than 305 locations, Staples is growing its online presence. After acquiring private equity company Workday in 2018, Staples Canada started a digital transformation program with its mission Work, Learn, Grow. This aggressive roadmap was developed with a laser-like focus on distinct consumer needs in Canada.
Macy’s
As more consumers use the internet to shop for their favorite products, Macy’s is looking to eCommerce as a means to grow its business. The company has 750 physical stores in North America, but the company is making a big push online as well. According to company data, digital sales for the company’s fiscal year 2021 were up 21 percent year over year, accounting for 44 percent of the company’s net sales. In the most recent fiscal year, only 25 percent of orders placed online were fulfilled in stores. Management at the company refers to itself as a “digitally-led omnichannel retailer” as well as a “traditional department store.” The company’s CEO Jeff Gennette has spoken of creating an experience that seamlessly blends the two.
Apple
There are approximately 24 billion eCommerce websites worldwide, but only a million of them generate sales worth more than $1,000 a year. The most successful of these sites are Amazon, eBay, Apple, and Walmart. However, even with all of this success, small businesses are not tapping into the eCommerce market as they should. Listed below are some statistics to keep in mind. You can also download free eCommerce templates to start selling your products online.