If you are an online business owner, you probably are interested in ecommerce statistics. These statistics include information about the dominant market men and the millennial generation driving the industry's growth. They also cover statistics like how alcohol boosts ecommerce sales and how 27% of the global population shops online. These statistics are essential for any eCommerce company, since they can be used to compare all countries and all kinds of eCommerce products.
Men dominate ecommerce statistics
Although women are the largest buyers of many consumer items, 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 Bogdano, Tiffany & Co.'s CEO and founder, is a man.
Alcohol boosts ecommerce sales
Ecommerce sales are on the rise in alcohol industries due to the pandemic, which has made it necessary for retailers to adopt digital and omnichannel business models. Global alcohol ecommerce is projected to grow by 42% through 2024 with nearly half the market being served by marketplaces. In the next three-years, 10% of the global market will be dominated by ecommerce for ready-to drink products. The US is expected to see alcohol sales of US$14.2 trillion by 2024. Ecommerce for wine, spirits, and other beverages will be the largest part.
Millennials account for the largest percentage of ecommerce customers
Ecommerce businesses must learn how to attract this group. They are the most influential generation of all and represent a large source for spending power for many brands. Generation Z, which comprises people born from the early 2000s, is also an important demographic for retailers. Their buying power can be estimated at close to $200 billion. Although they are more tech-savvy than other generations, they still browse differently than Millennials.
Global ecommerce revenue grew by 24% in 2020 to $4.29 billion
The global ecommerce market has been growing steadily over the past few years. However, the COVID-19 crisis has accelerated that growth. While consumers stayed home, online retailers delivered their goods. The global ecommerce market continues to grow. By 2020, it will represent about 20% of all retail sales. What is the next step in this industry's evolution?
Ecommerce is growing because of mobile payments
Despite being outsold by online retail and the rise of mobile wallets, mobile transactions still make up a large part of the ecommerce industry. Today, a large percentage of card-powered online ecommerce transactions occur on smartphones or tablets. Many consumers have switched to using their smartphones and tablets instead of their debit or credit cards. Smartphones are used as cash registers by many people.
FAQ
How much does it take to host a web site?
Prices for hosting vary depending on the amount of traffic that your website receives.
You can expect to pay about $50 per month if you have 10,000 pageviews per month.
If you get 100,000 visits per year, you could be charged about $100 per calendar month.
Are there other great affiliate networks?
Yes! Yes, there are other highly reputable affiliate networks. ShareASale is one example. CJ Affiliate, Commission Junction and LinkShare are all examples. Rakuten Marketing and Media.net are also good options.
These networks all pay between $10-$20 commission for each sale. Affiliates will also find a variety of tools and features.
What are some quick ways to make money on the internet?
There are many options for making money online. Here are a few ideas you may not have thought of yet.
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Become an Affiliate Marketer
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Sell Your Products
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Start a blog
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Start a Course
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Write articles
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Promote Other People's Products
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Offer Consulting Services
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Teach Online Courses
Statistics
- According to research by Marketo, multimedia texts have a 15% higher click-through rate (CTR) and increase campaign opt-ins by 20%. (shopify.com)
- The latest stats show that 87% of marketers use email marketing to distribute content. (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)
- BigCommerce affiliate program , you receive a 200% bounty per referral and $1,500 per Enterprise referral, with no cap on commissions. (bigcommerce.com)
- A recent study by Mediakix revealed that 80% of marketers find influencer marketing effective. (shopify.com)
External Links
How To
9 passive income tips to help make extra cash
Making extra cash is one of those things that everyone wants to do.
It doesn’t matter if you’re trying to save for a vacation, pay off debt, supplement your income or make a living, extra cash is something most people want.
This article will cover 9 ways to generate extra income. These ideas may seem strange, but they are worth thinking about.
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Sell Your Old Stuff Online. We all have stuff around the house. Maybe it's clothes or furniture that is no longer fitting, or electronics not used in years. Why not sell your old stuff online instead of throwing it away? There are many websites that let you list your items for sale. It's possible to hire an organizer to organize everything if you don’t have the time.
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Renting Out Your Home – Another way to make extra money is to rent out your home. This is especially true if your area has high housing prices. Instead of renting out your entire property, rent out just a room or two. This way you don't have to worry about cleaning or maintaining the property.
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Work as a Virtual Assistant. Virtual assistants are professionals who do tasks for clients through the internet. They charge an hourly rate based on the amount of time they work for each client. Some virtual assistants offer additional services such as writing articles, proofreading documents, editing videos, and doing data entry.If you're interested in becoming a virtual assistant, you should first find out what jobs you would be qualified to handle.
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Teach English Abroad-Teaching English abroad can be a great way to make extra cash. There are many benefits to teaching English overseas. You don't need to have a passport or visa to travel internationally. Furthermore, you have the option to teach English anywhere you want. And finally, you can earn a decent salary while living in a foreign land.
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Earn extra cash by working from home. You can work from home instead of having to commute to the office every day. This is a great option if you have children or pets. You can also set your own hours.
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Write articles - Writing articles can be a great way to make extra cash online. Many sites publish content and require writers to create original articles. These articles can be simple blog posts or detailed ebooks.
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Make websites - Another way to make money online is to create websites. Sites like HubPages, Squidoo and others allow anyone to make a website. If you are a skilled writer, your site can be a great revenue generator.
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Do Surveys -Surveys are another way to earn extra money online. Surveys are often conducted by companies to collect information from customers. They reward participants with points or other rewards for completing the surveys.
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Affiliate Marketing: Make Money - Another way to make cash online is through affiliate marketing. Affiliate marketing allows you to promote products and services provided by others. You receive compensation when visitors click on the links to purchase these products or services. Affiliate programs offer referral bonuses for members who refer new members.
There you have it. These are nine methods to make extra money. What were your favorite? Which ones worked for you? We'd love to hear from you in the comments section.