It is very difficult to get the correct figures showing the profit of an ecommerce site; however we got this input from the horses mouth and thus same is being shared with authenticity.
Times Internet runs Indiatimes shopping ecommerce website which has recently partnered with Nokia to launch an online store for its range of mobile phones called NokiaShop.
Profit Margins for E-commerce Site
Now the real info comes from Gautam Sinha who stated that Indiatimes Shopping has earned revenue at Rs 3 crore per month through that partnership and expects this to reach a figure of Rs 10 crore per month.
Seeing the profit in this segment, Indiatimes is planning to launch similar ecommerce sites for two different brands by August 1, 2012 and they are most likely to be Samsung and Sony. They have also launched a shopping application for Android phones. The new application allows users to view the product range that Indiatimes Shopping has for mobiles and compare prices and seal the deal with easy payment options.
Most profitable E-Commerce Sites
We expect Indiatimes shopping to be among the most profitable ecommerce sites as stats speak for itself. They are expecting to generate a revenue of Rs 300 crore of revenue by current financial year end. Indiatimes Shopping currently employs 200 people and plans to increase the headcount to 340 people by the year end.
Thus we can see that scope for profit exists for ecommerce shopping site to a great extent and if you have ben itching to become that internet entrepreneur; the luck and time is on your side as internet shopping is taking off in India.