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- Aug 4, 2014
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Hey everyone,
Hope you're all well and killing it today!
I'm in the process of starting up an ecom store and came across a few articles today that paint a pretty depressing picture about the profit margins in ecommerce. See below.
The Inconvenient Truth About E-Commerce: It's Largely Unprofitable
Why It's So Hard to Make a Profit in E-Commerce
Just wanted to hear from anyone who currently runs an ecom store or has a lot of ecom experience who could offer their opinion on it.
I see ecom as a business model that satisfys 4/5 of the CENTS requirements (Commandment of Entry i see as being a bit too easy) but other than that seems pretty solid, but the possibility of super low margins has me a bit worried, hopefully someone can prove me wrong.
Thanks
Hope you're all well and killing it today!
I'm in the process of starting up an ecom store and came across a few articles today that paint a pretty depressing picture about the profit margins in ecommerce. See below.
The Inconvenient Truth About E-Commerce: It's Largely Unprofitable
Why It's So Hard to Make a Profit in E-Commerce
Just wanted to hear from anyone who currently runs an ecom store or has a lot of ecom experience who could offer their opinion on it.
I see ecom as a business model that satisfys 4/5 of the CENTS requirements (Commandment of Entry i see as being a bit too easy) but other than that seems pretty solid, but the possibility of super low margins has me a bit worried, hopefully someone can prove me wrong.
Thanks
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