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Pymnts

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Small Businesses That Sell Online Outpace Brick-and-Mortar Store Sales

  • Small- to medium-sized businesses (SMBs) that focus on online sales outperform those that rely on physical stores.
  • Online SMBs reported an average annual revenue 21% higher than their in-store counterparts.
  • Online businesses have better access to financing compared to brick-and-mortar businesses.
  • Online businesses prioritize growth through innovation, while in-store businesses focus on cost-cutting measures.

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