My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Marketing

The Rise of Online Entrepreneurs: Ecommerce By the Numbers (Infographic)

1 min read
Opinions expressed by Entrepreneur contributors are their own.

With lower startup costs and a broader reach, a growing number of entrepreneurs are turning to online retail instead of traditional brick-and-mortar businesses. According to data compiled by Ubot Studio, a marketing automation software company, ecommerce is a $200 billion industry in the U.S. that is projected to expand by 15 percent each year.

The data also show that technological advances such as storing information in the cloud and online payment options through companies like PayPal are on the rise, making it even easier to start an online business.

Related: Square Creates 'Square Market,' an Ecommerce Service for Businesses

Click to Enlarge+

The Rise of Online Entrepreneurs: Ecommerce By the Numbers (Infographic)

 

More from Entrepreneur

Learn to be a better leader and develop successful marketing and branding strategies with Dr. Patti Fletcher's help.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur