This episode debunks the myth that it's too late to enter e-commerce, presenting compelling evidence that online retail is still in its early stages of growth. For ecommerce operators, this signifies a vast window of opportunity for new ventures and expansion, highlighting that the "e-commerce explosion" is ongoing. The episode encourages immediate action and provides resources to get started.
Key takeaways
The narrative that e-commerce is oversaturated is false; market penetration data indicates significant room for growth, especially compared to traditional retail.
The next decade (post-2016) is projected to be a period of explosive e-commerce growth, offering a prime opportunity for new entrants and existing businesses to scale.
Utilize publicly available data, such as US Census retail reports, to validate market opportunities and inform strategic decisions in e-commerce.
Engage with established communities and foundational courses (like ProvenAmazonCourse.com) to gain essential knowledge and support when starting in e-commerce.
The optimal time to enter or expand in e-commerce is now, as the industry is still maturing and offers substantial untapped potential.
This short episode is for the desperate and the doubters. Jim hits you with just the facts and it doesn't take long to make his point. There is clear and compelling evidence that online Ecommerce is still in its infancy. Those wanting to get in on this mega-trend have never had a better window of opportunity. The next decade will be the decade of the Ecommerce explosion - the signs are everywhere. It's time to get in on it! Where should I start post in our free Facebook group: https://www.facebook.com/groups/mysilentteam/permalink/1125434940905948/ US Census data proving that online shopping is in its infancy: http://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf The BEST course to get started: ProvenAmazonCourse.com
What does this episode say about founder & leadership?
The narrative that e-commerce is oversaturated is false; market penetration data indicates significant room for growth, especially compared to traditional retail.
What does this episode say about amazon & marketplaces?
The next decade (post-2016) is projected to be a period of explosive e-commerce growth, offering a prime opportunity for new entrants and existing businesses to scale.
What does this episode say about founder & leadership?
Utilize publicly available data, such as US Census retail reports, to validate market opportunities and inform strategic decisions in e-commerce.
What does this episode say about founder & leadership?
Engage with established communities and foundational courses (like ProvenAmazonCourse.com) to gain essential knowledge and support when starting in e-commerce.
What does this episode say about founder & leadership?
The optimal time to enter or expand in e-commerce is now, as the industry is still maturing and offers substantial untapped potential.
