Over the years, electronic commerce or e-commerce has grown by leaps and bounds.
The rise of e-commerce giants such as Amazon and Alibaba in the mid- 90s changed the face of the retail industry.
E-commerce may be thought of as an open, global marketplace or a digital version of mail-order catalogue. Nearly every imaginable product and service is available through e-commerce transactions these days.
Many young entrepreneurs have dived into the e-commerce world, ambitious and hoping to succeed. Some, like Mitchell Zvagelskiy.
Zvagelskiy is the co-founder of Scale Online, a fast-growing startup in California and runs several e-commerce stores. Zvagelskiy and his business partner began opening online stores and building a team to grow them, allowing the stores to scale to as much as $100,000+ in monthly revenue. Zvagelskiy attributes his success to teamwork and his willingness to seize opportunity.
“Being able to do this all by the age of 20 is something I didn’t expect and would not be able to do if I constantly listened to other people and just went the typical college then job route,” he said. “Life can change fast if you change fast.”
By diversifying into three streams of income and thanks to the rapid success of his YouTube channel, Mitchell has been able to not only make great profit from his companies, but help others in starting and growing their own e-commerce stores too. “My meaning of success ignites from my relationships with other people,” he said. “By focusing on building strong relationships with others, I’m able to partner up and work with like-minded individuals in finding market opportunities and solving whatever problems people are facing.”