How Ecommerce Businesses Can Overcome Funding Barriers With the increased demand for online shopping, ecommerce businesses are struggling to get cash to keep up with demand.
By Eden Amirav Edited by Dan Bova
Opinions expressed by Entrepreneur contributors are their own.
Business is booming for online sellers.According to research by Software Advice, approximately 25% of traditional sellers have turned to ecommerce. This simultaneous increased demand and competition means that ecommerce businesses need more cash to:
Purchase more inventory
Increase online ad spending
Without cash reserves to invest in their businesses, the average e-commerce owner needs to look outwards for funding. Tragically, funding barriers are inhibiting the growth of this thriving industry.
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