5-10 years is a quite a while for anything in the technology and innovation industry and this article may seem exceptionally futuristic/science fiction. Some of these things might happen in the next 10 years, and some might be a little longer, but one thing is for sure, what we think we know about eCommerce…
Hey Community! I got an email today that featured a really interesting set of metrics and overall great content and I wanted to forward it along to you.
OriginallyFrom RJ Metrics
We analyzed the data of 200+ ecommerce retailers with over $25 billion in transaction revenue to answer this question: what are the indicators of breakout ecommerce success?
Our research included companies with less than $1 million in annual revenue to some of the fastest growing companies in the IR 500. By studying the key metrics of best-in-class companies, we were able to gain insight on how growth patterns differ for companies achieving breakout success.
Here are a few of the highlights we found:
- Companies are getting smarter about growth — those founded in 2013 grew faster than companies founded in earlier years
- By month six in business, top performing companies are generating nearly $450k in monthly revenue
- Top performing companies have an Average Order Value 36% higher than other companies