Could Shopify Be Your Ticket to Becoming a Millionaire by 2035?

Shopify (NYSE: SHOP) has become the go-to e-commerce solution for millions of merchants globally. That gives it tremendous power in the industry and also means it's going to benefit from growing e-commerce trends. According to Statista, in the U.S. alone, e-commerce is expected to jump from 16.6% of retail sales this year to 20.6% by 2027.The market is expecting a lot from Shopify, as indicated by its highly valued stock. Can Shopify be your ticket to millionaire status over the next decade?Shopify's e-commerce niche is powering small businesses through its complete platform. It's the behind-the-scenes infrastructure bringing tons of retailers online and allowing them to participate in the e-commerce revolution. Although Shopify is not as big as Amazon, which as a business accounts for 37.4% of all e-commerce, as a platform, it's actually competitive.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool