Get All Access for $5/mo

The Rise of Online Entrepreneurs: Ecommerce By the Numbers (Infographic) With online sales growing, more entrepreneurs are breaking into ecommerce. Here's a look at this thriving industry.

By Kathleen Davis

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)

Kathleen Davis is the former associate editor at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Marketing

5 SEO Hacks to Help You Rank Fast

Discover the best SEO hacks you can use to rank fast and avoid waiting for months to see results.

Starting a Business

Inside the Exclusive Private Club Devoted to Food, Wine and the Arts

Barrett Wissman breaks down the passions and partnerships behind his latest venture Domus Artium Reserve.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.

Collaboration

Watch Out for These 5 Consequences of Too Much Collaboration

Beware of the collaboration trap! Too much collaboration causes overload, and well-intentioned efforts to have broad collaboration can backfire.

Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.