The first quarter of 2017 was a bit slow for e-commerce companies, but that doesn’t mean they are in a dead zone.
According to data from e-tailer platform Shopify, e-retailers saw the largest monthly increase in sales, and also saw a massive increase in traffic to their sites and apps, even though they still have to deal with slow internet connections and slow-loading websites.
While there was some concern about how the e-tailing market would grow, the positive results showed that the demand for ecommerce products has been there, and the industry is still growing.
eCommerce sales in the U.S. in Q4 were up 23% compared to Q1, and over $2 billion in total sales, which is the largest quarterly increase in a single quarter.
That’s a significant number, but it is also dwarfed by the amount of growth in the ecommerce industry in the past year, as shown in the chart below.
This chart shows that ecommerce sales grew by a whopping $7 billion in 2017.
In 2017, the U-tailers grew by 25%, and the eCommerce startups grew by over 70%.
In terms of growth over the past 12 months, the number of companies in the space has grown by nearly 10 times over the last 12 months.
While the overall market may be struggling, the growth in e- commerce is actually an indication that the market is growing.
While it is too early to predict how ecommerce will be a viable business for eCommerce companies, ecommerce companies are making the most of the opportunity to increase sales and expand their business.
There are plenty of ways to get started and the potential to grow your business, especially when you are new to the space.
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