Ecommerce Platform

How Much Money Do Ecommerce Platforms Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, ecommerce platforms can make between $100-$2,000,000 per month.
The average revenue for a successful ecommerce platform is $202K per month.
The highest grossing ecommerce platform in our records makes over $24,000,000 per year.
Ecommerce platform owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting an ecommerce platform?

And now you're wondering how much ecommerce platform owners actually make...

Well, let’s dive in!

Here are example of real ecommerce platforms and how much money they make - as reported by the founders themselves:

1. StoreYa ($24M/year)

StoreYa was founded by Eyal Reich and his brother Yariv, along with Pasha Zaft, with the goal of creating a profitable business model in the e-commerce industry. They started by launching the first Facebook shop app, which gained traction and led them to develop on-site promotion apps. Recognizing the challenge of getting targeted traffic, they then created Traffic Booster, which leverages their expertise in PPC and technology to automate Google Ads using AI. StoreYa has since become a successful marketing and advertising platform, with over 200,000 online sellers and generating $700K MRR.

How much money it makes: $24M/year

2. Gumroad ($21.2M/year)

Sahil loves building stuff. He really enjoyed the process of taking a problem coming up with a solution, and then shipping a prototype of that solution to see how good his concept was. Before finishing college he had already shipped a dozen products. Most of the time, they weren't that great.

But sometimes something works out really well, and then he has to decide if he actually wants to work on the idea some more. Very rarely, the answer is yes. That was the case with Gumroad. The question at its core was really compelling to him: How easy could one make it to sell something?

How much money it makes: $21.2M/year

3. Sockrates Custom Socks ($6.3M/year)

Samuel Moses, the founder of Sockrates Custom Socks, came up with the idea for his business while managing a men's accessory store in Toronto. After realizing the high demand for socks and receiving requests from companies for custom socks, he saw a gap in the market and decided to pivot his business towards producing high-quality custom socks for corporate clients. Today, Sockrates is a global business with thousands of clients worldwide and a reputation for excellence in design and production.

How much money it makes: $6.3M/year

4. Dropout SRL ($1.68M/year)

Kola Tytler, the founder of dropout, came up with the idea for his business after learning about the underground sneaker resale market and self-teaching himself to code a sneaker bot. He later teamed up with others to create software that collected data and ran statistical analysis, which led to the creation of HypeAnalyzer. Frustrated with university, Kola decided to bring the ultimate sneaker shopping experience to Italy, leading to the birth of dropout.

How much money it makes: $1.68M/year

5. Upper Limits ($1.44M/year)

Matthieu Fortin, the CEO of Upper Limits, started the company in 2013 with the goal of creating a place where medical cannabis patients could find education and guidance. Inspired by his personal experience with the health benefits of vaporization, he saw an opportunity to provide new product technology education and fill a gap in the market. With an initial investment of $30,000, he bootstrapped the business and focused on sourcing high-quality products and building relationships with vendors and customers. Word of mouth and a strong online presence, including Google tools, have played a significant role in attracting and retaining customers for Upper Limits.

How much money it makes: $1.44M/year

6. Ultra Growth Marketing ($720K/year)

Matthew Larsen, the founder of Ultra Growth Marketing, came up with the idea for his business after realizing the need for a comprehensive eCommerce marketing book specifically tailored to eCommerce store owners. He decided to write a step-by-step guide with over 75,000 words, offering actionable advice to help business owners create multi-million dollar eCommerce stores. Through Facebook lead generation ads, Larsen was able to give away over 17,000 free copies of his book and capture valuable leads, resulting in over $60,000 per month in recurring revenue.

How much money it makes: $720K/year

7. Custimy.io ($600K/year)

Kristoffer and his co-founder, Martin, came up with the idea for Custimy while on vacation in Spain. Martin, who was working in London as a director for a software and technology consultancy, pitched the idea of building a customer data platform for e-commerce stores. Inspired by the potential to revolutionize e-commerce, Kristoffer quit his CEO position at a food-tech company, and together they built Custimy from scratch, eventually raising $1.6 million in pre-seed funding and attracting major media attention.

How much money it makes: $600K/year

8. Launch Cart, Inc. ($600K/year)

Greg Writer, the CEO and founder of Launch Cart, came up with the idea for his business after managing e-commerce stores for celebrities and realizing the limitations and high costs of existing platforms like Shopify. He wanted to create a faster, higher-converting platform with built-in features and a marketplace for entrepreneurs to source products on a drop-ship basis. Launch Cart aims to be a viable alternative to platforms like Shopify, Amazon, and Etsy in the e-commerce space.

How much money it makes: $600K/year

9. Bagisto ($600K/year)

Saurav Pathak, the Chief Product Officer of Bagisto, came up with the idea for the open-source e-commerce platform after realizing there was a huge gap between demand and supply for platform-driven e-commerce solutions. With the goal of making it simple for developers to create their own online stores, Bagisto has generated over $1 million in revenue and has a user base of 200,000.

How much money it makes: $600K/year

10. KOGLAND Commerce Pvt Ltd ($360K/year)

KOGLAND Commerce Pvt Ltd, an online marketplace for healthcare professionals in India, was founded in 2015 by Varghese Samuel. The idea came from discussions among a team of technology, engineering, and medical professionals who recognized the challenges faced by healthcare providers in procuring quality medical supplies. Since its launch, KOGLAND has achieved a ten-fold increase in revenues, steady growth in online traffic, and aggressive hiring plans.

How much money it makes: $360K/year