E-commerce is booming at the moment. Thanks to a rise in mobile internet access and a culture of instant gratification, consumers are far inclined to order a product by clicking a button rather than going to a physical store.
In a recent study, it was estimated that global e-commerce sales will increase from $1.3 trillion in 2014 to $4.5 trillion in 2021.
With platforms like Shopify enabling entrepreneurs to build their own e-commerce store in less than an afternoon, everyone is jumping on the e-commerce bandwagon.
However, getting a store up and running is a lot easier then generating consistent profits.