Is ecommerce website is profitable?

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Asked 3 Years Ago

Mustafa

SEO analyst

Despite the huge growth of e-commerce in the Indian market, neither Flipkart nor Amazon is profitable. An excellent online retailer's profit margin is around 45 percent, while other industries, such as general retail and automotive, have profit margins ranging between 20 and 25 percent. 
Highest Profit Margin Products:

• jewellery
• Books
• online food
• Furniture
• Electronics

As an experienced and most trusted agency like Quality Zone Infotech of E-commerce, providing a business consultancy program will help in the growth of our e-commerce business.

Having an e-commerce store is a must for any merchant who is planning to expand their business.

According to Statista, e-commerce's share of total global retail sales will reach 21.8% in 2024. And that number is expected to grow, so is the competition in the market.

Online selling is in high demand, so the benefits of e-commerce development are obvious:

reaching an international audience;
meeting the needs of a modern customer;
Lower running costs than a brick and mortar store;
Unlimited opportunities to create multiple sales channels;
Selling a wide range of products;
High level of your customer behaviour awareness powered by comprehensive analytics tools;
Engagement of new customers through social media and email marketing etc.
However, in order to take full advantage of the above-mentioned possibilities, it is necessary to entrust the development of your business to competent hands.

I suggest you consider e-commerce consulting services to increase your online presence