List with Connecticut Business Brokers and benefit from our experience, reputation, and marketing efforts that draw in qualified buyers.
Why is online retail growing?
While brick and mortar stores are still making more sales than online stores, online stores are steadily on the rise. This is mainly because of the increased speed and convenience. Understanding the data behind online shopping will help you build a strategic plan for your eCommerce business.
What is a good profit margin for online retail?
A good gross profit margin for online retail is around 45.25%, according to NYU Stern School of Business. To reach a higher gross profit margin, you'll need to develop a pricing strategy for your business. Shopify's profit margin calculator can help you find a profitable selling price for your product.