Did you know that Americans created 2.8 million more online microbusinesses in 2020 than they did in 2019? This was in part due to the fact that so many small businesses took a hit during the COVID-19 pandemic. With social distancing policies keeping customers at home, 30% of small businesses closed their doors, and even more had to lay off a substantial amount of their employees. Transitioning to the digital market proved to be beneficial for small business owners as they were able to keep their sales up due to online shopping.
Now that so many microbusinesses are finding success, there are a lot of small business owners that are looking to grow their microbusinesses full-time. 50% of small businesses are focusing on growth and rebuilding after the pandemic, and transitioning to the digital world can help them to find the success they are looking for. In fact, 45% of small businesses are already planning for a digital future, such as by becoming online-only insurance sellers or product distributors.
In transitioning to the digital space, some businesses are experiencing struggles staying efficient and organized. This is why some are turning to digital business growth systems in order to remain efficient while they are growing larger. These systems can help with training, client management, and tracking progress, which can make small business owners’ jobs a lot easier overall. You can learn more about how these digital business systems are helping microbusinesses grow in the infographic below: