The online marketplace is highly competitive, with new competition entering the market regularly due to the low entry barriers. Though compared to physical stores, you can reach audiences from all over the world at the click of a button thanks, to the internet and international shipping services, allowing you to increase your sales and expand your brand reach.
Some of our favourite 2022 online shopping statistics demonstrate just how important it is to get your products out in front of a global audience:
- As of 2022, at least 75% of consumers shop online at least once a month. 
- Forecasts predict that global eCommerce sales will reach $7.4 trillion by 2025 
Of course, having your own website is great, but there are so many eCommerce marketplaces you can sell on to reach more potential customers. After all, the more places you can display your products, the more exposure they will get, and the more sales!
According to research by Stitch Lab, retailers who sell on more than two marketplaces generate around 190% more revenue than those who sell on just one.