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
There is always something new happening in the world of ecommerce and it is (sometimes) hard to keep up with everything. Not to worry – we have gathered the top ecommerce news for your benefit, in our new monthly series “Ecommerce Round-Up.” Welcome to the first edition of this series!
TheFind acquired by Facebook
TheFind is a free comparison shopping engine where you can compare prices and shop for products. In March, Facebook bought this shopping search engine for an undisclosed amount to help boost its advertising business, allowing Facebook to venture into ecommerce.
Google wants your website to be mobile-friendly
In late February, Google announced a new mobile algorithm update that will go live on April 21st 2015. With an increase in mobile usage, Google wants to ensure that the results it delivers in the search results are mobile-friendly. We recently wrote a blog – Is Your Ecommerce Store Ready for Google’s Mobile Update? which gives you more details about this algorithm update and how you can get your Volusion store ready for it.
Amazon Webstore is shutting down
Amazon announced that they are closing their Webstore store in July 2016. Amazon is not allowing new merchant signups and have told the existing merchants that they will have access to their data and be able to export to a new ecommerce platform until July 2016.
Facebook announces Businesses on Messenger
In the recent F8 conference, Facebook revealed the new Businesses on Messenger. It is designed to enable businesses to easily reach and communicate with customers. With the new messenger, business owners can send receipts, business updates, answer questions and interact with their customers.
If you have further questions about how your store can adapt to these trends, contact our ecommerce experts by leaving a comment below. Stay tuned for the next ecommerce round-up.