E Commerce Implementation Consulting Business

How Profitable Is An E Commerce Implementation Consulting Business? (Updated for 2024)

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Updated: November 29th, 2024

How Profitable Is An E Commerce Implementation Consulting Business? (Updated for 2024)

So you want to start an e-commerce implementation consulting business?

And the first question that came to your mind was, “well, are e-commerce implementation consulting businesses actually profitable?”

With a market size of $57.5B - there’s plenty of business to go around.

Especially considering:

You could start a e-commerce implementation consulting business with as low as $1,000
Based on our data, e-commerce implementation consulting businesses generate an average of $1.84M per year

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a e-commerce implementation consulting business.

Let’s dive in!

Is an e-commerce implementation consulting business profitable?

Yes, an e-commerce implementation consulting business is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $1.84M per year with an estimated gross margin of 90%, you could expect to recover your investment within 7 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your e-commerce implementation consulting business.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your e-commerce implementation consulting business is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is an e-commerce implementation consulting business worth it?

If you’re wondering if a e-commerce implementation consulting business is worth it, the answer is a big YES. With e-commerce implementation consulting businesses, you have the potential to earn $1.84M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $57.5B, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a e-commerce implementation consulting business to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful e-commerce implementation consulting businesses case studies.

Examples Of Profitable E Commerce Implementation Consulting Businesses

Here are a few examples of profitable e-commerce implementation consulting businesses, and a few more details about them:

1. Digital Position™ ($4.68M/year)

Roger Parent, the founder of a digital marketing agency, came up with the idea after realizing the shortcomings of the agency he was managing at his previous job. Frustrated by their lack of transparency and slow response times, he decided to offer a better service himself. Since then, his agency has experienced significant growth, with a projected revenue of $416k in 2022 and a goal of reaching $30mm by 2029.

Is it profitable? Yes
How much money it makes: $4.68M/year
How much did it cost to start: $1K

I Got Tired Of Being Underpaid And Left To Start A $4M/Year PPC & SEO Growth Agency

Digital Position, a digital marketing agency, was founded by Roger Parent, who was unhappy being underpaid at his job; the company is now generating over $330k/month in revenue, and aims to generate $5m in 2022, with a long-term goal of hitting $30m before Parent is 40.

Read this case study

Read by 9,382 founders

2. The Unofficial Shopify Podcast ($108K/year)

Kurt Elster came up with the idea for his podcast, The Unofficial Shopify Podcast, after realizing the potential of content marketing and wanting a consistent way to market his ecommerce consulting services. He decided to host his own podcast after receiving positive feedback from guest appearances on other podcasts, and with the help of his business partner's editing skills, he was able to launch the podcast and grow it to 750,000 downloads and four sponsors.

Is it profitable? Yes
How much money it makes: $108K/year

How Kurt Elster Monetized And Grew A Podcast to 750K Downloads

Unofficial Shopify Podcast has generated 750,000 downloads and has four sponsors, resulting in significant monetary gain for ecommerce consultant and host, Kurt Elster, who has created a thriving business and community around his podcast.

Read this case study

Read by 5,035 founders

3. Bonify ($504K/year)

Dan Pepin and John Carbone came up with the idea for Bonify while working as programmers at a digital agency and being frustrated with how things were being done. They left the company and started Bonify with a focus on building SAAS products. Their first app, Custom Fields, was launched in April 2016 and initially made little money, but they continued to improve it based on customer feedback and have since built a successful Shopify app business, with their apps bringing in $15,000 per month and a goal to double that revenue by the end of the year.

Is it profitable? Yes
How much money it makes: $504K/year

How We Are Building Profitable Shopify Apps From Our Consulting Experience

Bonify co-founders successfully transition from a small web development agency to a lifestyle SAAS company by building Shopify apps, reaching $15,000 monthly revenue and planning to double it by year end through improved marketing and new features.

Read this case study

Read by 7,873 founders

Learn more about starting an e-commerce implementation consulting business:

Where to start?

-> How much does it cost to start an e-commerce implementation consulting business?
-> Pros and cons of an e-commerce implementation consulting business

Need inspiration?

-> Other e-commerce implementation consulting business success stories

Other resources

-> E-commerce implementation consulting business tips

How much can you make with an e-commerce implementation consulting business?

With a e-commerce implementation consulting business, you can make an average of $1.84M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $1,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.

How much does a e-commerce implementation consulting business make a week?

Based on our data, average weekly revenue for a e-commerce implementation consulting business ranges around $71.2K. As such, you could see monthly revenues of $285K.

To know if your e-commerce implementation consulting business achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your e-commerce implementation consulting business.

How much do e-commerce implementation consulting businesses owners make?

The income of an e-commerce implementation consulting business owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established e-commerce implementation consulting business is about $71.2K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as an e-commerce implementation consulting business owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

E Commerce Implementation Consulting Business Profit Margins

Generally speaking, an e-commerce implementation consulting business can expect profit margin of around 90%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of an e-commerce implementation consulting business, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, e-commerce implementation consulting business owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, e-commerce implementation consulting business owners can ensure long-term sustainability and profitability for their business.

E-commerce implementation consulting business owner salary

The salary of an e-commerce implementation consulting business owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established e-commerce implementation consulting business, in a prime position, might see an average weekly salary around the ballpark of $64.1K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a e-commerce implementation consulting business may be a promising business to start - but the success of your e-commerce implementation consulting business mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable e-commerce implementation consulting business.

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Starting An E Commerce Implementation Consulting Business: Everything You Need To Know

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