It is difficult to predict with certainty whether e-commerce will be profitable in 2023, as this will depend on a variety of factors such as the specific products or services you are offering, the size and competitiveness of your target market, and your ability to effectively promote and sell your products or services.
That being said, the e-commerce industry is expected to continue growing in the coming years, and this growth is likely to create opportunities for profitable e-commerce businesses. According to a report by KPMG and Google, the e-commerce market in India is expected to reach $200 billion in value by 2026, and the global e-commerce market is forecast to reach $4.9 trillion in value by 2021, according to Statista.
To increase your chances of success in e-commerce in 2023, it will be important to conduct market research to identify a target market with a demonstrated need for your products or services, and to build a strong brand and professional website to attract and retain customers. In addition, effective marketing and sales efforts will be critical to the success of your e-commerce business.
Ultimately, the profitability of an e-commerce business in 2023 will depend on a variety of factors, and it will require hard work and dedication to succeed in this competitive industry.