"10 Mind-Blowing Ecommerce Facts That Will Amaze You!"

By: Karam

05 June 2023

1. Ecommerce began in 1994 with the first online purchase of a Sting CD.

2. The most expensive online purchase ever was a Greek island sold for $150 million.1.

3. By 2025, nearly 70% of ecommerce transactions will be conducted through mobile devices.

4. Product reviews can boost sales by up to 18%.

5. Ecommerce websites use scarcity tactics like limited stock to create urgency.

6. China is the largest ecommerce market, with $2 trillion in sales in 2020.

7. The subscription box industry has over 5.7 million shoppers in the US.

8. Offering free shipping increases the likelihood of purchase.

9. Social media influences 74% of consumer purchasing decisions.

10. Voice-based shopping is predicted to generate $40 billion in sales by 2022.

11. Ecommerce returns cost businesses billions of dollars annually.

12. Personalization increases revenue by 10% to 30%.

13. Virtual try-on technology is transforming the fashion and beauty industry.

14. Product videos can boost conversion rates by up to 80%.

15. Cybercrime costs the global economy over $1 trillion yearly.