Business Idea: Start A Digital Marketplace in 2024
A digital marketplace is a platform creating avenues for buyers and sellers to transact. The service matches potential buyers with sellers and provides a secure trading platform.
These platforms do not own any products traded via them; hence they are low-cost and low-maintenance business ideas and generate a passive income over their lifetime.
All you need is to build an application like Alibaba or Amazon and provide a secure escrow service so traders trust your platform.
Revenue & Profitability
How much do digital marketplaces make?
Startup Costs
How much does it cost to start a digital marketplace?
- It can cost as low as $100 to start a digital marketplace.
- It can cost as high as $200,000 to start a digital marketplace.
Learn more about the costs of a digital marketplace.
Examples Of Successful Digital Marketplaces
Successful digital marketplace businesses and case studies
Reedsy, a book publishing services marketplace that connects authors with freelancers, has driven over $1m in GMV, features over 1,500 vetted freelance professionals, and sees over 1,000 projects every month.
Learn how Sahil Lavingia grew Gumroad from a weekend project into an e-commerce powerhouse generating $21.2 million annually, using nothing more than elbow grease and cold emails to drive their early growth.
See full list of successful digital marketplaces.
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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.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
