Global Market Insights: What You Need to Know in 2022

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Click, click, and ta-da! Most of us have purchased something from across borders. Whether it’s clothes from the United Kingdom or video games from Japan — it feels surreal to purchase something from across the world in just a few clicks.

This convenience hasn’t gone unnoticed. These days, the global market is hot and full of opportunities. This post will cover essential global market insights that you won’t want to miss in 2022!

  1. The Global Market Offers Lots of Growth Potential

While yes, entering the global market means competing with well-established businesses from around the world — there is certainly hope. There are somewhere between 12 to 24 million global businesses out there, but less than a million of them make more than $1,000 per year (WPForms). 

This global market insight shows promise to those considering starting their own global businesses today. There is still a ton of growth and space available to grow a successful business on a global scale.

Related: eCommerce Startup Costs - How Much Do You Need To Start?
  1. Almost Any One Can Tap Into the Global Market

Sure, it’s daunting to compete with global giants like Apple, Amazon, and Microsoft. But, people often overestimate how financially burdensome it is to actually get started as a global business. 

You don’t need to start spending hundreds of thousands to get a simple global eCommerce shop launched. For most people, they should expect to invest $100 or so on their initial eCommerce website. This $100 includes a domain name, host, inventory, and a way for customers to pay.

  1. Entering the Global Market Doesn’t Have to Mean Being an Entrepreneur

Being an entrepreneur isn’t for everyone, and we get that. Still, don’t let this fact stop you from finding a job in the global market. 

For instance, you could work in global marketing as a copywriter, marketing analyst, or advertising/promotions manager. Or, you might be interested in handling the logistics behind the global supply chain and distribution. Keep your eyes open and you’ll be surprised by the range of opportunities in the global market.

  1. People are Shopping Globally Now More Than Ever

Shopping will remain digital and global even when the COVID-19 pandemic is over. We’ll let the statistics do the talking to prove our point. 

By 2040, it’s estimated that 95% of all purchases will be completed through global eCommerce websites (Nasdaq). And, this date might even be sooner than expected. According to experts, the pandemic has accelerated the shift to online shopping by as much as 5 years (TechCrunch).

The Global Market is Brimming With Opportunity: What’s Next?

Interested in taking a leap into the global market? We’d like to help you. Whether you’re looking for inspiration or more global market insight, we’ve got you covered! Check out the Global Careers Hub job board for the latest career and internship listings in international business, and bookmark this website for the latest in industry news.

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