Social Goods Marketplace

Business Idea: Start A Social Goods Marketplace in 2024

Pat Walls

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Updated: July 7th, 2024

Avg Monthly Revenue

$257K

Avg Startup Costs

$13.7K

Market Size

$683B

Avg Revenue

$257K/month

Avg Days To Build

432 days

Market Size

$683B

Avg Revenue

$257K/month

Avg Days To Build

432 days

Looking to make a positive impact while running a business? Consider starting a social goods marketplace. Imagine an online platform where consumers can purchase ethically produced, sustainable, and fair-trade products all in one place.

This marketplace connects conscious consumers with artisans and small businesses committed to social impact. You'll need a robust e-commerce site, reliable suppliers who align with your social mission, and a strategy to market to discerning shoppers who care about more than just price.

Building a social goods marketplace isn’t just about profits; it’s about making meaningful connections and contributing to a better world. If you’re passionate about ethical consumerism and ready to invest in building strong supplier relationships, this could be a fulfilling venture. This business idea allows you to combine entrepreneurship with social responsibility, offering a unique way to make business a force for good.

Revenue & Profitability

How much do social goods marketplaces make?

On average, successful social goods marketplaces report $3.09M/year in revenue.

Startup Costs

How much does it cost to start a social goods marketplace?

It can cost as low as $500 to start a social goods marketplace.
It can cost as high as $1,000,000 to start a social goods marketplace.

Learn more about the costs of a social goods marketplace.

Successful social goods marketplace businesses and case studies

We Started A $6M/Year Bachelorette Party App

BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.

$500K Monthly Revenue

$1M Startup Costs

Read by 10,583 founders

We Started a $174K/Year Social Commerce Platform During Lockdown

FriendsWith, a social commerce platform with a built-in affiliate rewards program for premium fashion and lifestyle brands, saw a 300% increase in app users since launching in August 2020 and estimates bringing in $200,000 in revenue for the next financial year, with a focus on attracting shopping enthusiasts to become "influencers" to start a side hustle with no overhead costs.

$14.5K Monthly Revenue

$42.5K Startup Costs

Read by 2,940 founders