Digital Marketplace

Business Idea: Start A Digital Marketplace in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$418K
Avg Startup Costs
$11.7K
Score
81
Market Size
Avg Revenue
Min Revenue
$1K/month
Max Revenue
$2M/month
Avg Days To Build
110 days

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.

$2M Monthly Revenue
$40K Startup Costs
Read by 11,353 founders

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.

$1.77M Monthly Revenue
Read by 892 founders

See full list of successful digital marketplaces.