Business Idea: Start An Ecommerce Brand in 2024
Breaking into the ecommerce world offers the exciting challenge of building your own online brand from the ground up. An ecommerce brand involves creating a web-based store where you sell your products directly to consumers.
Starting this business requires choosing a niche, sourcing or creating products, and setting up an online store using platforms like Shopify or WooCommerce. You'll handle inventory, marketing, and fulfill orders, so there's a significant amount of work involved.
However, the rewards can be substantial. You have the freedom to craft your brand identity, engage directly with your customers, and scale your venture at your own pace. If you're keen to control your product offerings, pricing, and customer experience, an ecommerce brand could be the right move for you.
Revenue & Profitability
How much do ecommerce brands make?
- On average, successful ecommerce brands report $1.01M/year in revenue.
- 75% of ecommerce brands report being profitable.
Learn more about how much money ecommerce brands make.
Startup Costs
How much does it cost to start an ecommerce brand?
- It can cost as low as $8 to start an ecommerce brand.
- It can cost as high as $200,000 to start an ecommerce brand.
Learn more about the costs of an ecommerce brand.
Examples Of Successful Ecommerce Brands
Successful ecommerce brand businesses and case studies
Bro Glo is a self-tanning company for men that started during the pandemic, earned an average monthly revenue of $50k within a year and a half, and owes its rapid popularity to TikTok.
xSuit founder Maximilien Perez launched a modern-day redesign of the classic suit that is comfortable and requires less maintenance, resulting in over 20,000 suits sold to date and $350,000 in sales from July to September 2017 alone, selling online and exclusively kicking off through a successful Kickstarter campaign.
See full list of successful ecommerce brands.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
