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Ecommerce Statistics for Online Businesses

By Ken Roberts 21 November, 2022 2 mins read

If you're an owner of an online business, you might be interested in ecommerce stats. These statistics cover a wide range of topics from Men dominating the market, to the age group of millennials driving growth in the industry. They include statistics such as the impact of alcohol on ecommerce sales or how 27% go online to shop. These statistics are vital for any eCommerce business as they apply to all countries and all types of eCommerce products.

Men dominate ecommerce statistics

While women are most likely to be the primary purchasers of many consumer products, men still dominate ecommerce statistics. Digital Commerce 360 shows that more than half of all apparel and accessories businesses are owned by women, as well as nearly 40% of all cosmetics and jewelry stores. Men make up the majority of CEOs of top brands that cater to women. L Brands's Victoria's Secret is managed by a woman, while L'Oreal S.A.'s makeup business is run by Jean Paul Agon. Alessindro Borgoliolo, Tiffany & Co. CEO, is a male.

Alcohol boosts ecommerce sales

Ecommerce is experiencing a boom in the alcohol industry due to the pandemic that has forced retailers to switch to digital and multichannel models. Global alcohol ecommerce will grow by 42% in 2024. Marketplaces account for almost half of the market. Ecommerce for ready to drink products will account for 10% in the market over the next three year. Ecommerce for spirits and wine will account for the majority of the US$14.2 billion in alcohol sales by 2024.

Millennials are the biggest age group for ecommerce shoppers

This generation is crucial for ecommerce retailers. They are the most influential of all generations and provide significant spending power to most brands. Retailers also have a significant demographic in Generation Z, a group that includes people born after 2000. Their buying power can be estimated at close to $200 billion. They use technology and social networking more than any other generation. However, they browse very differently to Millennials.

Global ecommerce sales rose by 24%, to $4.29 trillion in 2020

For the past several years, the global ecommerce market has grown at a steady rate, but the recent COVID-19 crisis accelerated the growth rate. While consumers stayed home, online retailers delivered their goods. Global ecommerce continued to grow and will now account for around 20% of all retail sales by 2020. But what's the next big step in this business?

Mobile payments are driving ecommerce growth

Despite being overshadowed by online retail by the popularity of mobile wallets and other payment methods, mobile transactions are a major part of the ecommerce market. A large portion of ecommerce transactions powered by credit cards today are made on smartphones and tablets. Many consumers are switching to their mobile devices instead of using credit and debit cards. Smartphones, tablets and other mobile devices are being used to register cash.

FAQ

How can you make quick money online.

There are many ways to make money online. You could try affiliate marketing, blogging, and selling products on Amazon, eBay or Etsy.

A possible alternative is to start an ecommerce store that sells physical items like clothing, electronics and toys.

This would be a great place to use your experience and make money.

How to make money online, without investing?

Although this question has been answered before, I'll answer it again as it is still relevant today.

It is possible to make money online with no investment.

However, dedication and hard work are required.

Here are some suggestions:

Selling Your Product - This is one of the easiest and most cost-effective ways to make money online.
Writing for free - There are many people who will pay good quality content. You can also write articles for other companies and make extra money.
Create Websites: It's easy to create websites without any technical knowledge.
Start A Blog – Another easy way to make some money online is by starting a blog. It's relatively inexpensive to set up and maintain.
Make an impact on the world by becoming an influencer. There are so many ways to make a name for yourself on social media. To build a following and monetize it, you can use Instagram, Facebook and Twitter as well as YouTube, Snapchat, YouTube and Pinterest.
Offer Consulting Services – If you are certain of your goals, you might be able offer to provide consulting services to help clients realize them.
Teach English Abroad- This is a popular option if you want to travel while also earning money.
Write Articles – Some bloggers make a living writing articles.
Sell Products on eBay: Another great way online to make some extra cash is to sell products via eBay.
You can get paid to participate in surveys. These offers are free and you don't have to buy anything.
Earn Money From Your Home - There is a lot of companies out there who will hire you to do simple tasks, such as customer service or data entry.
Do Virtual Assistant Work - Are you good at typing or doing research? You might consider becoming a virtual assistant.

There are many ways to make money online. They do require some time and effort.

Look for other options if time and energy are not your main priorities.

I hope that this article has helped you to understand how to make online money.

This document can be shared with anyone who may find it helpful.

Do I have to register my domain name in order to build my website.

Before you launch your site, you need to register your domain.

Domain names typically cost $9 per year. To give an example, a domain name that is dot.com will cost about $9 per year.

Affiliate marketing is a great way to make money.

Affiliate marketing is one of many ways to make money online. Affiliate marketing doesn't require you to leave your home. An affiliate program requires you to sign up, choose a product or services you like, and promote it. You will get paid when someone buys from your site.

If you want, you can choose to market multiple products at the same time. Only to promote products you know something about.

How much do online affiliate marketers make?

The annual average income of an affiliate marketer is $0-$100k.

These people are mostly self-employed and own their websites.

They employ a variety marketing methods to promote their products, including text links, banner ads and contextual advertising, search engine optimiz (SEO), social networking marketing, and so on.

Affiliates can earn anywhere from $50 to $100 per sale.

Some affiliates may earn as much as $1000 per sale.

Statistics

According to the Baymard Institute, 69.82% of shopping carts are abandoned. (shopify.com)
Backlinko found that the #1 organic result is 10 times more likely to receive a click compared to a page in spot #10. (shopify.com)
A recent study by Mediakix revealed that 80% of marketers find influencer marketing effective. (shopify.com)
Instagram is the most popular channel, with 67% of brands using it. (shopify.com)
According to research by Marketo, multimedia texts have a 15% higher click-through rate (CTR) and increase campaign opt-ins by 20%. (shopify.com)