According to statista.com, online sales were responsible for $5.2 trillion dollars in global sales in 2021. While online commerce exploded during the pandemic, it is still growing and is expected to become an $8.1 trillion dollar industry by 2026. In 2023 alone, online purchases are projected to account for 22% of all retail purchases.
In addition to the importance of online commerce to business growth over the next few years, social media isn’t going anywhere. In fact, it is expected to increase in importance over the next five to ten years. So, if you don’t have an online business presence yet, now is the time to get on board.
Two other hot topics in business growth include creating/offering hybrid work solutions (or fully remote work scenarios) and utilizing AI applications. With the rise of AI technology like ChatGPT, companies will be looking to increase effectiveness without a lot of overhead costs. A word of caution: Some companies aren’t sure about the efficiency of remote work, and AI technology currently does not offer capabilities such as copyright.
At Powerhouse, we have perfected the remote team solution and the ability to help you grow your business for less than the cost of a full-time employee. Interested in learning more? Check out our website or contact us today.
