Whether you’ve already established your Amazon FBA business or e-commerce store or are thinking about launching it in late 2019, now is a good time to consider some of the various aspects that make this a good or a bad time to jump into the market. Being familiar with some of the metrics supporting e-commerce stores is extremely important for getting a good perspective about what to do next.
How Popular is Ecommerce?
E-commerce is a significant portion of the market. In fact, over 1.91 billion people bought something online in 2019. Those numbers will go up even more during the holiday season and it’s expected that in 2019 alone, e-commerce will make up as much as 14% of all the retail sales made around the world.
This means that from digital nomads to savvy entrepreneurs, e-commerce is a popular choice for building as well as selling a business. It is broadly considered throughout the industry that e-commerce is still on fire even though it has become increasingly competitive to break into this market.
Why is Ecommerce Growing So Quickly?
E-commerce spending has surged tremendously in recent years, which means that many business owners who are already established are seeing year over year growth and enhancements. E-commerce businesses saw as much as 25% growth across 2017 but that growth is anticipated to track even bigger in 2019. It could go up to as high as 36% and this kind of growth is very fast. This leads some buyers to wonder whether or not this kind of growth in e-commerce is sustainable. E-commerce is healthy and robust, which means it can be a powerful avenue to jump into as an online business owner.
You must be very savvy with how you structure your online business if your ultimate goal is to sell your e-commerce company. Having the partnership established with an experienced knowledgeable business broker, such as those working at Website Closers, can help you to develop your e-commerce business as successfully as possible, get a powerful valuation and showcase your ROI and other statistics for perspective merchant buyers. Most popular channels for e-commerce include Instagram, email, Facebook ads, Google ads and SEO.
However, the most effective platforms for Amazon as email and SEO. It’s important to review where most of your potential traffic is coming from the perspective of getting your sales. Being able to showcase this information clearly and easily makes it an excellent opportunity to speak with a business broker about listing your company for sale and receiving maximum return on investment when you sell the company to the right buyer. Getting a good ROI by showcasing all of your statistics makes your business that much more appealing for someone who is thinking about buying it.
If you think that you’ve grown your company to a point you’re happy with, now might be the right time to sell. The decision to sell your company is a very personal one, but if you think this is for you, speak with a website broker to learn more.