The Growth of E-commerce in 2021

Growth-of-E-Commerce-Blog

E-commerce has seen accelerated sales growth in the United States, and around the world, in 2020. With the unprecedented events of 2020 came the unprecedented growth in E-commerce in America. According to Digital Commerce 360, US consumers spent $861.12 billion in 2020, up 44% year over year. We are now five months into the new year of 2021 and E-commerce in the United States has continued to increase. In this article Saw.com will be covering the growth of E-commerce in 2021 and how it will affect the domain industry.

E-commerce Surge in 2021

E-commerce has been powering online retail for years now. But, with the COVID-19 pandemic keeping everyone at home, E-commerce has seen a huge rise in the past year. Even as the world inches back to normal life, people have learned just how much they can do without leaving the comfort of their home. Consumers can shop for groceries, clothing and furniture, as well as online pick up anything from fresh flowers and produce from a farm stand to tools and equipment for home improvement. Additionally, companies of every size have learned to adapt and easily reach consumers solely online. This upward trend in E-commerce is expected to continue through 2021. However, the growth will not be as exponential as it was in 2020.

eMarketer reported that US shoppers are not returning to pre COVID-19 pandemic shopping behavior. Additionally, eMarketer predicts that “Even as stores reopen and brick-and-mortar sales rebound, we forecast that E-commerce will lose just a 0.1% share of total retail sales in 2021, before gaining more than 1 percentage point each year through 2024.”

What Does This Mean for the Value of E-commerce Related Domains ?

With the rise of United States E-commerce brings the rise of interest in E-commerce related domain names. There is currently an immense demand worldwide for E-commerce related keyword domains. Individuals and businesses involved in the world of online commerce want a premium one word domain that is brandable. However, any domain names that are premium, one word domains are rare to come by and highly sought after.
Our domain brokers at Saw.com recently sold one of the most desired E-commerce domain names in the world; Cool.com. Saw.com has many other top domains available for sale. Including, Butcher.com, Virtual.com, Media.com, LogIn.com, Ai.com, Foodie.com, Archive.com, among many others. We believe in the power of a domain name. They help create your online identity, define your brand and help build the traffic to your site. As E-commerce is rising in 2021, this class of domain names are even more crucial to businesses looking to stand out online.

We have had a significant increase in the demand on all fronts related to E-commerce domain names. This has allowed us to sell such domain names for our clients, Cool.com, Chocolateshoppe.com, FronRowSeats.com, Essiactea.com.

Jeffrey Gabriel, Co-Founder and CEO of Saw.com.

Make Your Company Stand Out

Commonly referred to as electronic commerce, internet commerce or e-business, E-commerce is the activity of buying or selling products or services over the internet. This includes the transfer of money or data to complete the transaction. E-commerce most often involves the online sale of a physical product. However, it is also a broad term to describe any business conducted through the internet. E-commerce allows individuals and businesses of every size to sell their goods and services.
Although there is no way to know what will happen to the United States E-commerce in the next few years, a couple things are for certain. US consumers are online shopping more than ever and the internet is becoming more competitive. Consumers are every where on the Internet searching for products to fulfill their needs, the challenge is getting these consumers to your company site.
Your site needs to stand out among your competitors. This is more than a sleek logo, it is about properly communicating the essence of your business to the world. Having a brand that communicates well to the consumer can change the entire success of your company. It can improve recognition of your company online, establish your identity, improve SEO, build credibility and generate new customers. At Saw.com, we believe this process always begins with a domain name.
Common E-commerce business models include: Business to Business (B2B), Business to Consumer (B2C), Consumer to Consumer (C2C), Consumer to Business (C2B) or Direct to Consumer (D2C). It does not matter if you are an individual selling directly to another consumer, or a large business selling to another large business. One thing remains the same; an E-commerce related domain name is the key to success online.

Contact Us

Saw.com is a domain brokerage service that is determined to help you reach your business goals. The domain brokers at Saw.com are happy to work with businesses to assist with online branding and marketing needs. Our domain brokers are also experts in domain acquisition, appraisal, branding, brand protection, portfolio management services and more.

If you are interested in speaking with an expert from our domain brokerage service, please contact us for a free consultation.

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