Category: Profit Opportunities

Three Ways to Profit Off the Ecommerce Boom Right Now

Only four months ago, social distancing were two words we’d never heard of. Now, those 16 letters just about run our lives.

The new status quo isn’t just keeping us from going to concerts or visiting Grandma – it’s affecting everything, right down to the way we shop.

Personally, I always dreaded going to the grocery store. And once the pandemic hit, and shelves were nearly empty? Forget about it!

I’m not the only one either. Many are choosing to stay home and shop online – and one industry is absolutely booming as a result.

While overall U.S. retail sales plummeted as a result of the coronavirus, falling 16% in a single month for a record drop, ecommerce sales are expected to rise 18% in 2020, according to a recent forecast by eMarketer.

Since lockdown restrictions were relaxed, coronavirus cases have dramatically spiked around the world. Seven U.S. states, in fact, just reported their highest coronavirus hospitalizations since the pandemic began. And the CDC warns that this number will skyrocket once the summer is over.

The ecommerce industry is on fire, and it’s only going to get hotter.

Here are three ways to capitalize on one of the hottest industry trends in decades