The US Small Businesses Administration defines a small business as a corporate entity with between less than $41.5m in annual revenue and fewer than 1,500 total employees. The SBA’s definition of a small business depends on the industry the business operates in. The full list can be found here. Here’s the definition of a small […] The post What is a Small Business? Here’s How the SBA Defines Small Businesses. appeared first on Commerce Institute.| Commerce Institute
Small businesses are the backbone of both local and global economies. And while businesses spend countless hours trying to understand their customers, a comparatively small amount of ink is spent trying to understand small businesses. Now, we’ll look at some of the most recent and interesting data available on the state of small business and […] The post 10 Small Business Statistics Everyone Should Know (Updated Frequently) appeared first on Commerce Institute.| Commerce Institute
How many small businesses are there in the United States? According to the Small Business Administration, there are currently 32,540,953 million small businesses in the US. Small businesses represented 99% of all businesses in the US. Of these small businesses, 81% have no employees and 19% have paid employees. The SBA defines a small business […] The post How Many Small Businesses Are There in the US in 2022? Data Reveals the Number. appeared first on Commerce Institute.| Commerce Institute
Linkpop is a new link-in-bio tool offered by Shopify that specializes in commerce and driving direct sales from your social media profile. Linkpop is similar to other link-in-bio tools in that it offers a curated selection of links that help point fans and followers to the destinations you want. Where Linkpop differs is that it […] The post What is Linkpop? appeared first on Commerce Institute.| Commerce Institute
Ecommerce is such a fast growing industry that the most relevant industry statistics seem like they change by the day. It’s hard to keep up. Fortunately, we at the Commerce Institute will be updated this list of curated and proprietary ecommerce statistics monthly in order to ensure the data is accurate, timely, and useful for […] The post Ecommerce Statistics appeared first on Commerce Institute.| Commerce Institute
Print on demand is a fulfillment model where a seller adds a custom design to a white-label product that is then sold on a per-order basis under the seller’s own brand. Put another way, print on demand is an excellent approach for sellers or business owners who want to add their own brand designs to […] The post Print on Demand Companies appeared first on Commerce Institute.| Commerce Institute
Research on online reviews shows that. Sources: Commerce Institute, Spiegel Research Center,| Commerce Institute
New data from the U.S. Bureau of Labor Statistics data reveals the real failure rate for small businesses across every industry.| Commerce Institute
Looking for Shopify statistics? This report will share all of the latest Shopify data that are publicly available as of this year.| Commerce Institute
Data shows 5.5 million businesses were started in 2023 and 4.7 million businesses are started every year average. Let's dig into the data.| Commerce Institute