Estimate Startup: Medium Potential High 2024

E-commerce continues to proliferate, with online sales increasing by 25% annually. Starting an e-commerce company can be a profitable business idea for 2024. Platforms like Amazon allow third-party sellers to reach a large customer base without needing a physical retail store. You can sell products via Amazon, eBay, Etsy, or your online store. Dropshipping, where you sell items without keeping inventory, is another option. White-labeling, which involves purchasing items in bulk and branding them with your name, can lead to higher profit margins. By EB Allegretti