In the last few years, e-commerce has exploded. There are hundreds of new marketplaces, thousands of new merchant accounts, and even more payment gateways being added to help digital businesses reach customers wherever they are. The results have been incredible for both digital retailers and their customers. Ecommerce continues to grow at an exponential rate as more and more consumers become comfortable buying virtually any product from anywhere without leaving their homes or offices. Assuming you’re reading this blog post, it’s safe to assume that you might still be trying to navigate the chaos that is growing your e-commerce business in 2019. If so, we can help! Here’s a look at how much eCommerce has grown since Covid Technologies first launched its namesake solution back in 2015:
The Importance of an Ecommerce Platform
Ecommerce platforms have become essential to the online shopping experience. From facilitating checkout to providing analytics, they help retailers manage their businesses and provide an optimum experience for customers. When you’re starting out as a retailer, it can be tough to find an eCommerce platform that provides all the features you need without costing too much or creating too many headaches. This is where Covid steps in. Covid offers a cost-effective solution with a wide range of functionality that is ideal for new merchants and experienced professionals alike. Covid has been around since 2015, allowing retailers to get up and running quickly with a host of essential tools that make store management easier than ever before. Since its launch, Covid has expanded its service offerings while remaining committed to offering a low-cost alternative in an industry with high vendor fees.
How Much Has Ecommerce Grown? Comparison table of eCommerce platforms
Since 2015, eCommerce has grown tremendously. Ecommerce platforms continue to offer solutions to help digital retailers grow their business, but with so many new options on the market, it can be difficult for merchants to decide which platform is best for them. With that in mind, here’s a breakdown of how much eCommerce has grown since soon after Covid first began offering its solution: 2015: Ecommerce grew by 15% 2016: Ecommerce grew by 41% 2017: Ecommerce grew by 55% 2018: Ecommerce grew by 12%^^^^^ 2019 (year-to-date): E-commerce is estimated to grow by 7.9%^^^
Which eCommerce Solution Should You Choose?
To select the best eCommerce solution for your business, you first need to know what features matter most to your company. If you're looking for a way to grow your eCommerce business, our proven technology will help you scale. In terms of growth, we’ve seen some incredible results for retailers using our platform. We’re proud to have helped more than 10,000 retailers reach $5 million+ in sales from our solutions alone. What are the benefits of leveraging Covid? Covid is designed to allow merchants easy access to all types of digital commerce and has the ability to support a variety of payment methods. With such a wide variety of merchant accounts and payment gateways, it's no wonder that Covid is used by thousands of retailers around the world. We provide competitive rates and service options tailored specifically for each retailer's needs and budget. To give you a better sense of which solution is right for your company, here are examples of what some other companies use: Storefront – Amazon Seller Central (Fulfillment by Amazon) Merchant Account – Shopify Payments Payment Gateway – Stripe
Why You Should Care About Ecommerce Growth Strategies
Ecommerce is constantly changing. Shopping trends and customer behaviors are always evolving, which means that there’s always something new to do. If you want to stay ahead of the curve, it’s important that you keep up with these changes in eCommerce growth strategies. In order to be successful in the eCommerce world, it would be incredibly difficult for one company to provide every solution for everything. For example, if you were looking for a new payment gateway provider, there are many different options out there. Luckily, we have explored some of the top-rated providers and compiled this list for your convenience! Covid maintains a blog with articles on topics such as product success rates, advertising on Facebook, and SEO.
Bottom Line
Ecommerce has grown exponentially in the past couple of years. There are more than 2,000 payment gateways, more than 600 marketplaces, and a plethora of merchant accounts available to help your business sell online. If you’re still struggling with getting your e-commerce business off the ground, Covid is here to help. It may be hard to believe that eCommerce has grown this much since Covid Technologies first launched its namesake solution back in 2015 but it’s true! And that means that your digital business can have even more success if you leverage these new tools and services to our advantage.
