Ecommerce Store

Business Idea: Start An Ecommerce Store in 2024

Updated: July 7th, 2024

Avg Monthly Revenue
$291K
Avg Startup Costs
$5.89K
Score
99 🔥
Market Size
Avg Revenue
Min Revenue
$450/month
Max Revenue
$13.5M/month
Avg Days To Build
120 days

An eCommerce business is a company that sells products or services online. Ecommerce businesses have many advantages over brick-and-mortar businesses, including lower overhead costs, increased flexibility and reach, and the ability to reach a wider audience.

eCommerce is booming right now because of the convenience and efficiency it offers consumers. Consumers can buy products from their favorite brands on a platform that makes the whole process easier than ever. They don't have to leave their homes or go out in public, they can just sit down at their computer, tablet or smartphone and browse through all of the options available to them.

To start an ecommerce business, you'll need to set up a website where customers can browse your inventory and purchase items, as well as payment processing software that allows you to accept credit card payments. You'll also need to choose a shopping cart software and manage inventory tracking software.

Revenue & Profitability

How much do ecommerce stores make?

Learn more about how much money ecommerce stores make.

Startup Costs

How much does it cost to start an ecommerce store?

  • It can cost as low as $2 to start an ecommerce store.
  • It can cost as high as $9,999,999 to start an ecommerce store.

Learn more about the costs of an ecommerce store.

Examples Of Successful Ecommerce Stores

Successful ecommerce store businesses and case studies

OWC Larry, founder and CEO of Other World Computing, shares how he started his business at a young age with just a credit card, now experiencing a solid year-over-year growth with a CAGR of 43.78% over the past 33 years.

$13.5M Monthly Revenue
$20K Startup Costs
Read by 5,104 founders

BeatBox Beverages, a wine-based cocktail company, grew sales from $700k in 2016 to $2.4m in 2018 and is on track to hit $6m+ in 2019 through a unique and differentiated product, social media marketing, and an appearance on Shark Tank.

$11M Monthly Revenue
$150K Startup Costs
Read by 18,851 founders

See full list of successful ecommerce stores.