{"id":1670,"date":"2020-10-28T08:13:47","date_gmt":"2020-10-28T08:13:47","guid":{"rendered":"https:\/\/capflowfunding.com\/kickstart-ecommerce-growth-retail-funding-solutions\/"},"modified":"2024-10-08T11:38:17","modified_gmt":"2024-10-08T11:38:17","slug":"kickstart-ecommerce-growth-retail-funding-solutions","status":"publish","type":"post","link":"https:\/\/capflowfunding.com\/kickstart-ecommerce-growth-retail-funding-solutions\/","title":{"rendered":"Want to Kickstart eCommerce Growth? Consider Retail Funding Solutions"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Some retail merchants couldn\u2019t wait to enter the eCommerce marketplace. Others were leary and refrained from diving in, despite all the predictions of eCommerce growth. While those predictions were bound to come true eventually, the pandemic of 2020 has seen those predictions come to fruition. Whether you\u2019ve just been dabbling in online retail or are finally ready to transition to the eCommerce marketplace, the time is now. Still not convinced? Once you check out recent statistics and consider the benefits, you\u2019ll probably change your mind.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-6582\" src=\"https:\/\/capflowfunding.com\/wp-content\/uploads\/2024\/09\/bigstock-business-using-smartphone-with-344372425.jpg\" alt=\"Retail funding solutions\" width=\"651\" height=\"434\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">eCommerce Growth\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.statista.com\/statistics\/379046\/worldwide-retail-e-commerce-sales\/\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><span style=\"font-weight: 400;\">, global eCommerce sales are expected to increase 246.15% by 2021. That\u2019s up from 1.3 trillion in 2014 to 4.5 trillion in 2021. Ecommerce sales soared when the pandemic began, increasing by 44.5 % compared to second-quarter sales in 2019. While they have declined somewhat with the lo<\/span><span style=\"font-weight: 400;\">o<\/span><span style=\"font-weight: 400;\">s<\/span><span style=\"font-weight: 400;\">en<\/span><span style=\"font-weight: 400;\">ing of quarantine restrictions, they are still expected to show a 20% increase by the year\u2019s end.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2020 also saw the decline of many brick and mortar stores. While the pandemic played a part in this, most business analysts claim it simply accelerated what was going to happen anyway. Many of the large chain stores were already opting to reduce the number of physical locations they have in favor of investing in their eCommerce growth.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Who is Shopping Online and Why?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A 2017 report from <\/span><a href=\"https:\/\/www.statista.com\/statistics\/242512\/online-retail-visitors-in-the-us-by-age-group\/\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><span style=\"font-weight: 400;\"> showed the breakdown of online shoppers by generation.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">67 percent of millennials prefer to shop online.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">56 percent of gen-Xers prefer to shop online.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">41 percent of baby boomers prefer online shopping.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">28 percent of seniors prefer online shopping.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These numbers reflect online shopping habits before the pandemic. No doubt they\u2019ve increased since then. Now that we know who is shopping online, let\u2019s look at some of the reasons why.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">24\/7 shopping- Online retailers are always open.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Saves money &#8211; allowing the consumer to compare products and prices to find the best deals.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Convenience &#8211; No crowds, traffic, parking lots, or long check-out lines to deal with.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Availability &#8211; Those hard to find items can be quicker and easier online.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Free shipping &#8211; some retailers offer a single annual fee for shipping and others offer it on orders totaling a specific amount.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It is important to note that in addition to making online purchases, online browsing and research are often a prerequisite to making an in-store purchase. This eliminates the time spent going from store to store to do comparison shopping. It also allows shoppers to read reviews about the product they\u2019re considering and those reviews often influence their purchases. All of this makes building a strong online presence and investing in eCommerce growth a wise business decision.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Making the Transition<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To successfully enter the eCommerce marketplace involves developing a strategy, building or upgrading your website, and promoting your business on social media. It is a big undertaking in both time and money but one that will pay off if done properly. There are various factors to consider such as identifying your online audience. With eCommerce growth, you will reach a much broader audience whose needs may be different than those who shop your brick and mortar stores. Your competition will also be larger so it\u2019s important to take steps to make your business <\/span><a href=\"https:\/\/capflowfunding.com\/\/online-marketplace-success-how-to-remain-competitive\/\"><span style=\"font-weight: 400;\">stand out in the crowd<\/span><\/a><span style=\"font-weight: 400;\">. Unless you already have digital marketing experience, it is often best to hire a professional agency to kickstart your eCommerce growth.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-6583\" src=\"https:\/\/capflowfunding.com\/wp-content\/uploads\/2024\/09\/bigstock-business-partners-confirm-corp-374747473.jpg\" alt=\"Merchant funding group\" width=\"660\" height=\"440\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">Retail Funding Solutions from CapFlow\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ready to invest in eCommerce growth but concerned about the upfront cost? At <\/span><a href=\"https:\/\/capflowfunding.com\/\/\"><span style=\"font-weight: 400;\">CapFlow Funding Group<\/span><\/a><span style=\"font-weight: 400;\">, we understand that this kind of investment can be difficult to make without depleting your existing working capital. We offer merchant cash advances and invoice factoring and are dedicated to providing the short-term working capital you need to promote eCommerce growth.and remain competitive.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our merchant cash advances can be a great option for retailers ready to dive into the online marketplace and for B2B businesses invoice factoring can be the perfect solution. We also work with trusted partners to provide other alternative financing options that may be better suited to our clients\u2019 business needs. We <\/span><a href=\"https:\/\/capflowfunding.com\/\/working-capital-solutions\/\"><span style=\"font-weight: 400;\">service<\/span><\/a><span style=\"font-weight: 400;\"> many different industries with a variety of funding needs. Our goal is to find the best funding solution for your business. <\/span><a href=\"https:\/\/capflowfunding.com\/\/contact-us\/\"><span style=\"font-weight: 400;\">Contact us<\/span><\/a><span style=\"font-weight: 400;\"> today and find out how a merchant cash advance or invoice factoring can fuel your eCommerce growth.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some retail merchants couldn\u2019t wait to enter the eCommerce marketplace. Others were leary and refrained from diving in, despite all the predictions of eCommerce growth. While those predictions were bound to come&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[12,16,15],"tags":[],"class_list":["post-1670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invoice-factoring","category-merchant-cash-advance","category-small-business-financing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Want to Kickstart eCommerce Growth? 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