Is starting e commerce profitable?
Is starting e commerce profitable?
Is ecommerce profitable? The eCommerce industry is competitive. If you strategise right and know what the market wants, eCommerce can be very profitable. It also depends on the type of products you sell and what business model you’re running on.
What can you do with 5 lac?
| Business | Skills needed | Break-even period |
|---|---|---|
| Custom-making chocolates | Creativity, love for chocolates | 1 week |
| Bus service website | Knowledge of IT, bus routes | 5 months |
| Custom-making festival gifts | Sensitivity, idea of direct gift makers’ outlets | 3 months |
| Online ads | Media planning, knowledge of Net, networking | 1 year |
What we can do with 5 lakhs?
You can open a small gym with an investment of 5 lakh and can expand or increase the machines as more and more people join the gym. You would require a big space plus basic exercise equipment, AC, and a music system for starting the gym.
Can you start a business with 5 lakhs?
You can start it by taking a small room on rent or from your home and then gradually you can take it to a large scale business when required. Because of the low investment and great profit, it can be said to be the best business ideas with 5 lakhs investment.
What small business can I start with 5 lakhs?
20 ventures you can start with Rs 5 lakh!
| Business | Skills needed | Amount you need to start (Rs) |
|---|---|---|
| Ultra-short temping services | Networking | 1,000 |
| Shoe wash | Knowledge of using the chemicals involved, marketing | 7,000 |
| Food delivery | Marketing and sales | 15,000 |
| Uniform making | Man management | 20,000 |
Is Ecommerce a loss?
[UPDATE] Despite Baby Steps Towards Profitability, India’s Ecommerce Giants Mired In Over INR 9.7K Cr Losses.