Halal Online Marketplace Success Stories [2024]
The introduction of online marketplaces has created an enormous opportunity for entrepreneurs. Experts estimate we will see tremendous innovation in building and running marketplaces in a few years.
If you are developer, you can build halal online marketplace focusing on particular religion or region. Halal marketplace offers a wide range of halal products. Starting a marketplace requires a sound strategy and knowing the best practices.
In this list, you'll find real-world Halal online marketplace success stories and very profitable examples of starting a Halal online 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.