LONDON, 20th February 2017 - As the rise of millennials becoming entrepreneurs hits an all-time high, social commerce platform Moteefe has enabled hundreds of self-starters to create significant revenue streams through their own online businesses.
Social commerce is the usage of social media to drive online sales and is the fastest growing area of e-commerce. Sellers on the Moteefe platform can create custom products based on user’s hobbies, passions, political views and locations; all before selling to specific target audiences via social networking platforms such as Facebook and Instagram.
With millions of sales through the site in 2016 - its first full year in the market - and with a month on month overall growth of 35%, the social commerce platform is seeing a large portion of sellers quit the daily 9-5 in favour of growing their own online businesses. The first sellers to quit their jobs to work full-time on their Moteefe campaigns earned, on average, their annual salary in just 6 months, with one seller making over £200,000 in just one month in 2016.
Between 2011 and 2015, social commerce experienced significant growth - leaping from $5 billion in sales annually to $30 billion in just four years - and one in seven of the UK workforce were classed as ‘freelancers’ in 2016 according to the Office for National Statistics. With advances in technology and cloud-based software driving this trend, many entrepreneurs are waving goodbye to the rigid four walls of the office in favour of the ‘laptop lifestyle’.
Moteefe’s CEO Mathijs Eefting said: “Today’s technology-driven culture is enabling young entrepreneurs the opportunities to work on what they’re passionate about, become their own boss and make a considerable amount of money. Many millennials simply want the freedom to work hard and become their own boss, and Moteefe provides a risk-free opportunity to do just that.
“It’s much more than designing and selling t-shirts. We knew our main aim was to help people build their own businesses but seeing the increasing numbers of people working with us full-time only 18 months after the platform launched is mind-blowing.”
With Moteefe currently completing its second round of funding in the coming weeks, the platform will be further expanding its opportunities in the ever-increasing social media-led industry in 2017. By 2020, the company aims to provide full-time income streams to thousands of young entrepreneurs around the world.
