On Oct. 20, AndMakers co-founder Lily Chan joined Wayfair’s Michael Zhang and Payoneer’s T. J. Hyland for a free webinar on helping eCommerce brands launch on Wayfair. Attendees got a ton of insights on how to break into the U.S. market, grow sales, cut down on returns, and more. Here are our top 7 takeaways from the event: COVID-19 is accelerating eCommerce growth. Michael estimates that COVID-19 has accelerated the eCommerce growth curve by five years, with reports showing that eCommerce has made huge gains in its share of the retail market. He also forecasts that many new online customers…
eCommerce Sales Platform Options: Pros & Cons
As eCommerce becomes a bigger and bigger chunk of the global retail market, and COVID-19 forces millions of consumers to become more online-fluent, entrepreneurs are striving to build businesses to catch the wave. The U.S. eCommerce market, of course, is one of the biggest in the world. In this post, an excerpt from the AndMakers “Get in the Home and Garden eCommerce Game: A Startup Guide,” we’ll break down the three primary options available to manufacturers looking to break into the U.S. market. Those are: Build your own webstore Sell on huge retail properties (like Amazon FBA) that take care…
4 Statistics That Should Convince You to Start an eCommerce Business Today
If you’ve ever thought of starting an eCommerce business, now’s the time to get real. The global and U.S. online opportunities are getting bigger every day as the COVID-19 pandemic forces people to spend less time in brick-and-mortar stores and more comfortable shopping online. If we’re preaching to the choir and you’re just looking to get started, download our “Get in the Home & Garden eCommerce Game” guide to get on your way. If you need a little more food for thought, chew on the following numbers. $586,920,000,000 According to eMarketer, U.S. customers spent nearly $587B online in 2019 –…