Would you be surprised to learn that only a small percentage of E-commerce sites gain any traction at all? Most dwell in obscurity.
Consider these observations from Cent Muruganandam, writing for Business2Community.com and check out the infographic shown below his quote:
“You might be astounded to know that there are between 12-24 million E-Commerce websites online. But what’s even more intriguing is the fact that only about 3% of them (650,000) ever make it past $1,000 in annual sales, according to Internet Retailer. What’s the point I am trying to establish here, you might wonder? Well, from where I see it, a whopping majority of E-Commerce outlets fail to make a significant amount of money. It’s not that there’s no money in the E-commerce industry. It means is that majority of online retailers are not doing things right, because if they had been successful in doing them right, the number of outlets making more than $1,000/year would have been way more than a mere 650,000.”