35 Ecommerce Stats That You Must Be Aware Of In 2023
Are you an entrepreneur planning to start an e-commerce store for your business and want to conduct research for the same? To help you get the best and latest ecommerce stats, we have done the hard work and listed 35 e-commerce stats that you must check out.
Here is the content in this post-
- What Are The Different Types Of Ecommerce Stores?
- General Ecommerce Statistics
- Email Ecommerce Statistics
- Ecommerce Statistics Related To Social Media
- How To Develop An Ecommerce Store?
- Conclusion
What Are The Different Types Of Ecommerce Stores?
Ecommerce stores are categorized into 4 different types and can be found across various industries such as restaurants, lifestyle, and more. Here are the 4 different types of ecommerce stores with their examples
- B2B commerce- Amazon business, Quill.
- B2C commerce- Pizzahut, Nike, Puma.
- C2B- Github, Clutch.
- C2C- OLX, eBay
Some brands can even add more than one ecommerce store to their software.
General Ecommerce Statistics
-
- In the United States, 61% of e-commerce took place based on a recommendation from a blog.
- 59% of millennials will visit Amazon before making any purchase. This makes the company Amazon the biggest competitor for any retail business.
- It is estimated that by the year 2040, 95% of the purchases are meant to be online.
- Amazon accounted for 44% of the total e-commerce sales in 2017.
- When dissatisfied by a product 55% of the people inform their friends and families.
- Till 2019, 93% of internet users have bought something from the internet.
- With the help of conversational marketing, 50% of people have bought something from the Internet using a chatbot.
- For holiday shopping, 76% of people prefer physical shopping.
- According to Venture Harbour, multi-step forms in WordPress can generate 300% more conversions.
- The American e-commerce industry is growing at a YOY rate of 23%.
- Out of the total American small businesses, 46% of them still do not have a website.
- 53% of the transaction on the e-commerce platforms are made through a credit card, making it the most preferred mode of payment.
- After credit cards (43%), digital payment (38%) and the debit card come 2nd and 3rd respectively in the most used mode of payment.
- Within 5 years, 69% of the B2B business will stop printing catalogs.
- At least one connected home device is owned by 32% of the total online shoppers.
- 2.86% of the e-commerce visits get converted into a purchase.
- Because of poor e-commerce personalization, ecommerce businesses have lost $756 billion.
- On Cyber Monday 2017, mobile commerce reached $2 billion for the first time.
- The main reason people shop online is because of its all-hour availability.
- 57% of shoppers globally buy products from retailers that are present overseas.
Email Ecommerce Statistics
Here are the best e-commerce statistics related to email that you must check out-
- 61% of the shoppers prefer to be connected with brands via email.
- With an ROI of 4400% email marketing yields $44 for every $1 spend.
- Out of the top 1000 e-commerce retailers, 58% of them send welcome emails.
- 760% of the revenue increases when a store runs segmented campaigns to its email subscribers.
- 20% of the traffic driving sales is through Emails.
- During the 2018 ecommerce holiday season email marketing generated 24% of the sales.
- As a result of the email marketing campaigns, 60% of the consumers have made a purchase.
- Abandoned cart emails have a 45% of open rate.
Ecommerce Statistics Related To Social Media
- When gifting a product to friends and family, 25% of US Shoppers consult Social Media.
- 32% more sales are derived-by stores that have a social media presence as compared to the ones that do not have any presence.
- When making a purchase 74% of the shoppers rely on their social networks.
- Facebook drives 85% of the total e-commerce orders.
- After looking at an Instagram ad, 75% of the users have visited the website.
- Those social media posts that have 80 characters or less get 66% more engagement.
- 4.55 is the average rate of posting on Facebook by an e-commerce store.
How To Develop An E-commerce Store?
Here are the 3 crucial steps that you must have a look at if you are planning to launch your E-commerce Store-
-
Conduct Market Research
Conducting market research will help you gain the pain points of your competitors which later can be used by you to scale up your business. You can list the pain points by reading customer reviews on portals like Google, Facebook, and more.
Additionally, you can even visit their social media panels and read comments to know the problems they are facing and how their customer support representative are helping the customers.
You can even use their app and know the problems in their UI/UX.
-
Partner With An Ecommerce App Development Company
To help you create an engaging and high revenue-generating store, you should partner with an e-commerce app development company. As the company is already in the market you might be able to get some fresh ideas from them.
You should create a list of features that needs to be shared with the company. This will help you create a transparent environment with the company.
-
Choose A Tech Stack
In this step, you should choose what technology you want your app to be built with. For example, if you want high customization then you should choose Flutter, or if you want 3D rendering in your app then React Native is the right choice.
Similarly, if you want to build secure software that is eye-appealing then Angular would be the correct option.
Conclusion
Now, in the end, we hope that through this post you were able to gain fresh e-commerce statistics. Here we have mentioned 35 freshly brewed statistics that would help you gain a better understanding of how e-commerce is performing and growing.
In this post, we have also listed 3 steps that will help you create an e-commerce store.
However, if you are looking for an Ecommerce development company, then you should check out Appic Softwares, We have an experienced team of developers that can use the latest technologies like Flutter, React, AI, Angular, and more to craft your software.
Additionally, Appic Softwares has launched 200+ mobile apps across various industries helping their owners to generate $10M+ in revenue. 95% of the projects were finished in the set time and budget by Appic Softwares.
Appic is currently providing free project designing services that will help know how your software would look and perform.
So, what are you waiting for?
Contact Them Now!