Hristo is cofounder and CEO of Scala Hosting and SPanel.io—a cloud-savvy, serial startup entrepreneur.
To say that the e-commerce industry has been booming in recent years would be an understatement. Online shopping was already quite popular, but e-commerce sales skyrocketed when everyone was locked in their homes during the pandemic.
Consider the fact that retail e-commerce sales are expected to reach $6.15 trillion by the end of 2023. But owning an online business involves far more than just publishing a website and watching the profits rake in. You will find yourself in a highly competitive ecosystem. The number is expected to rise to $8.1 trillion by 2026. Also, there are currently between 12 to 24 million online shops, which range from Amazon and Alibaba to…
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