How To Achieve Dropshipping Success
Although there are doubts about dropshipping success, it’s actually one of the most successful eCommerce business models. In 2018, the global drop shipping market size was valued at $102.2 billion. It was projected to grow even more by 2025.
In 2021, retail eCommerce sales were estimated at $5.2 trillion and are forecasted to grow by 56% in the next few years. According to Fundera, dropshipping is a fulfillment model for 33% of online stores.
If you still think dropshipping isn’t successful, these numbers may prove you wrong. Successful business owners also estimate a 10% dropshipping success rate during their first year of operations. Quora users even say it’s between 10% and 20%.
Although it is a low-risk business model, you still need proper planning and enough knowledge to attain success. To help you, I’ll provide some tips and discuss how you achieve your own dropshipping success story.
