How much of all U.S. Retail Sales are transacted via ecommerce?
According to the US Department of Commerce, total ecommerce transactions in 2019 accounted for almost 12% of all U.S. retail sales. That equates to about $160 Billion per quarter (almost $640 Billion annually) in ecommerce sales transactions. These figures are expected to continue growing going forward. Is your company ready to take advantage of this growth trend?
What is ecommerce?
E-commerce solutions are the products and services that help an organization conduct business online electronically. When we mention ecommerce, there are a wide range of different types of e-commerce solutions, which might include the following functions: website platforms, shopping carts, merchant processing systems, scheduling/calendar tools, order fulfillment, shipping, inventory management systems, automated shopping bots and more.
As the needs of those engaged in e-commerce have grown more complex, the demand for more comprehensive solutions has increased. As a result, many e-commerce solutions providers now focus on offering a suite of products and services designed to meet multiple needs and solve various problems.
However, as we know, e-commerce isn't just about processing transactions anymore. Organizations of all shapes and sizes are increasingly carrying out all facets of their businesses online, from customer interactions to extended supply-chain management with trading partners. As a result, businesses need full-fledged e-business, and that means providing a website platform that helps them build relationships with customers, whether that is in a business-to-business, business-to-consumer, or online marketplace models.
What Customers Have Said About Our Work
"I needed a marketing company to learn the ins and outs of branding and increasing the visibility for my company online. Endorphin Advisors was my marketing resource when I was working with Pursuit Lending/Excelsior Growth Fund. I'm thankful they were available because my small town business visibility online was lacking.
Erik and his team took the time to learn about me and my business to create our website and keep our brand consistent using multiple social media channels. They were very helpful sharing how to stay top of mind for repeat customers using quick and easy resources to work with. Also took the time to show me how to maintain after our time together was over. It was really nice to get to know Erik on a professional level of what's worked for his business and how I can do the same in our unique way. It was a great experience with a company many hours away from my location. Thanks Erik!"
(Animal feed, pet, yard, and farm supplier, Olean, NY)
"Endorphin Advisors is a great company to work with. They are always responsive and do what it takes to get the job done right and in a timely manner. They are very reliable and intelligent. Choosing to work with Endorphin Advisors was the right decision for us!”
Agnes Jankowska, Co-Owner
(Residential & Apartment Renovation Contractor, Ridgewood, NY)
Have Questions? Contact Endorphin Advisors