Ecommerce USA is an exhilarating place for entrepreneurs, offering unparalleled opportunities for businesses seeking success online.
It’s no secret that the United States boasts a robust ecommerce sector, with global players such as Alibaba, Amazon and eBay all establishing themselves as formidable forces in this field. However, if you’re looking for international expansion opportunities; there are still plenty available!
Ecommerce in the U.S. has experienced phenomenal growth over the past decade. In fact, it was estimated that by 2021 – at just under five years from now – Americans will spend more than $2 trillion on their favorite ecommerce platforms!
Today’s business owners who have taken advantage of our ecommerce opportunity can be assured that it is among the most advantageous in the world for startups due to its unparalleled market potential and high rate of growth (over 40%+ annually).
Last month, I introduced you to the fascinating landscape of ecommerce in the United States. At an average estimated value of $1.1 trillion USD, the market opportunity is certainly formidable!
Nonetheless, the US is not without its challenges for those wishing to launch their online business. Here are a few barriers that may yet hinder your progress:
No established legislation and path forward for international businesses seeking visa approval or permanent residency, creating complications when establishing operations within the United States;
1. Robust infrastructure for shipping and logistics
If you’d like to expand your operations into international markets, then the United States’ robust logistics infrastructure is an absolute must. Not only does it facilitate cross-border shipments quickly and efficiently – but delivery times are generally faster than in other regions, too! This can be quite advantageous for any entrepreneur aiming to establish a presence abroad without incurring unnecessary added costs along the way.
Despite formidable logistical support for ecommerce retailers, there are still challenges that arise when exporting products from the U.S. Specifically related to cost and time. For example, this may lead to higher prices compared to those of international merchants offering similar goods; and could even result in delayed deliveries or failure to meet deadlines if not properly addressed.
2. Variety of payment options for customers
If you’re an online entrepreneur, chances are that you’ve experienced the odd customer who prefers to pay with cash. There is nothing wrong with this; however if I have a choice between my patrons paying me with either card or coinage then I’ll always choose the latter!
The utilization of various payment methods in America presents an array of opportunities for merchants. For starters, there are well over one hundred credit cards available for use – from key players such as Visa and MasterCard along with non-standard initiatives like Amazon Prime and Target REDcard – providing companies with myriad options when it comes to accepting payments. Then there are also several prepaid instruments that can be utilized such as PayPal and Google Wallet – affording greater versatility compared to traditional debit cards while ensuring security by utilizing payment apps.
