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The success of first-generation e-commerce startups has inspired many to enter into this sphere.
In fact, according to 2014 survey reports, there were between 12 – 25 million online stores running worldwide. And the number has grown over the past couple of years. This certainly makes e-commerce a pretty competitive and saturated industry. Therefore it is likely that as the prospective startup, the niche market you are targeting already has a vast number of established competitors.
created February 21, 2017
updated February 21, 2017