What eCommerce Industries Have High Conversation Rates? | Website Closers eCommerce platforms today are giving entrepreneurs the ability to reach a global audience 24/7, and to effectively boost sales through a conversion-focused online store. It’s not surprising that the number of eCommerce sites operating across the globe soared to 26.2 million in 2023, including 13 million in the U.S. alone. What kind of sites tend to have the highest conversion rates? Different variables contribute to a higher conversion rate, although certain industries demonstrate higher product demand than others and enjoy an average conversion rate above that of other sectors. Top industries include: · Food and beverage (3.7% CR) · Beauty and skincare (3.3%) · General apparel (2.6%) · Home and art decor (2.4%) · Footwear (2.4%). This doesn’t mean other industries don’t have solid conversion rates. In fact, in 2023, the U.S. was one of the highest converting countries at 2.6%, behind only the United Kingdom (3%) and the Netherlands (2.8%) and ahead of Canada and Germany (2.4%) and Australia (2.2%). A key reason for rising conversion rates is that consumers around the globe continue to get more comfortable with shopping online, including on a mobile device. Take the retail industry as an example. By the end of 2023, eCommerce sales made up 15.6% of total retail sales in the U.S. Projections are that it will rise to 16.6% in 2024 and 20.6% by 2027. If you’re looking for ideas on how to boost your conversion rates, reach out to the business brokers at Website Closers. Our brokers have helped many entrepreneurs determine the best ways to scale their business before selling it, and we’re here for you when it comes time to sell your company. Contact us today. #websiteclosers #ecommerce #ecommerceshop #ecommercetrends #ecommercenews #conversionrates #onlinesales #shoppingonline #highdemandsectors #globalconsumers #sellingyourbusiness #businessbrokers #onlinestore
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