Flea Market Or Marketplace Success Stories [2024]
Starting a marketplace business is one of the best ways to capitalize on the gig economy and make serious profits. There are clear advantages to starting an online marketplace and being the middleman between suppliers and consumers.
The top online marketplaces in the world sold $3.23 trillion in goods in 2021. Sales through platforms like those operated by Alibaba, Amazon, eBay, and others accounted for two-thirds of global eCommerce sales last year. To create and compete in the marketplace business requires adaptations, modifications, overhauls and innovation.
In this list, you'll find real-world flea market or marketplace success stories and very profitable examples of starting a flea market or marketplace that makes money.
1. HalalWorldDepot ($2.4M/year)
Mohamad Saad, one of the founders of HalalWorldDepot, launched the business as a side hustle to list Halal products from his father's store online. With an initial investment of $5,000 for the website and shipping materials, the company quickly gained traction and now boasts a customer return rate of 50-60% and steady profitability. The future looks promising as HalalWorldDepot continues to expand and serve the growing community of Muslims in the United States.
How much money it makes: $2.4M/year
How much did it cost to start: $5K
How many people on the team: 10
HalalWorldDepot is a Halal online marketplace that started three years ago as a meat and grocery delivery service and has now expanded to offer a wide variety of Halal products, with a customer return rate of 50-60%, profitability at 16-25%, and over 10,000 customers, with plans to expand to Canada and the United Kingdom within three to five years.
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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.
