Business is booming. Your ecommerce store just had its best quarter, the best year on record and you finally broke through the $10M mark. It feels great! To mark this special occasion, you and your team take a few days off to regroup and start planning for the next quarter.
You already know what you’re going to ask your team, “how do we keep it going?” You ask your team for feedback, they’re just as eager to get back to business as you are. The motivation, creativity and ideas are flowing…
- What if we launch a new brand? A new product?
- What if we start looking for new partners?
- What if we begin adding new upsells and downsells?
The team is motivated, you have new ideas to roll out and you begin to start planning your quarter, start planning the next year.
Innovative business owners are always looking ahead and you’re no different. You know paying attention to the trends and knowing “ahead” has produced great results for your business. You know that global ecommerce markets are expected to reach $4 trillion dollars in sales by 2020. You want a piece of that pie, what you do now will determine if you reach that market or not, so plan accordingly.
Strong U.S. Ecommerce Markets And Great Outlook
There’s no question about it, ecommerce is thriving. Total retail sales in the U.S. surpassed $5 trillion dollars in 2017, that’s a 4.4 percent growth compared to 2016.
In 2018 Q2, ecommerce sales in the U.S. grew 15.4 percent. In Q1 of 2018, U.S. ecommerce sales grew 16.4 percent. The opportunities to grow your ecommerce company are limitless. The U.S. markets are primed for continued growth.
Ecommerce sales in the United States grew by 17 percent in 2017. Ecommerce accounted for 13 percent of retail sales in the U.S. This is forecasted to hit 13 percent by 2020.
2017 was a big year for ecommerce, the U.S. online retail grew faster than it has since 2011.
Amazon dominated e-retailer sales, grabbing an estimated 44 percent of all commerce sales last year. However, that only represents 4 percent of all U.S. ecommerce sales.
Amazon’s best-selling product categories should come as no surprise, as many are perennial favorites for shoppers. Consumer electronics was the Amazon’s top-selling segment, with more than $8.5 billion in sales, which grew 4% year over year. This includes products such as computer components, laptops, televisions, and wireless accessories.
Consumer electronics has long been a staple for Amazon shoppers, as the e-commerce site gave rise to the practice of “showrooming,” where consumers would test physical products at brick-and-mortar retailers before buying them online. It was a genius idea and has certainly paid off over and over again for the popular retailer.
The Ecommerce Wave
If you haven’t heard of the ecommerce waves, it’s time to take notice.
Like we said earlier, you have to catch the trends if you want to grow a 7 figure business. That’s exactly what HotelTonight App founder Sam Shank did back in 2012. Sam bet everything on mobile and won big.
Platforms like Shopify and Ebay have driven ecommerce sales to the record numbers we see today. Here at Thill Inc., we provide both shopify fulfillment services and eBay fulfillment services. Ordering products online has never been this easy and this is only the beginning. If you’re a Shopify business owner, an eBay business owner, the opportunity to take your business to the next level is among us. Don’t miss out!
What about the 4th wave of ecommerce? Well, it’s already here. Today, you can buy what you want, when you want, anywhere in the world. Global ecommerce markets have exploded and projections are expected to hit $4 trillion dollars plus by 2020.
How Can I Take My Ecommerce Business To The Next Level?
You’ve just had the best year of sales in your business, now what? How can you take your ecommerce business to the next level?
Here at Thill, we work with ecommerce businesses of all levels. While there’s no question that new marketing campaigns can certainly give you that next level of growth, so can optimizing your current fulfillment process.
Ranked as one of the top 3PL fulfillment companies in the U.S., Thill has decades of experience and is one of the most successful fulfillment centers in the country.
More than likely, you’ve already seen your competitors expand in the U.S. markets. You see how those moves have fueled their company growth. There’s plenty of examples to choose from, but the opportunity is still early enough for you to take advantage.
If you want to take your business to the next level, it starts by talking to one of our fulfillment experts at Thill.