Before you figure out the Cost of Drop Shipping, you may be inquisitive to know if it will be profitable in the future. Right? This is possibly the time of the year where businesses start collecting market statistics for dropshipping.
We know that profit margins for any dropshipping business depend on a lot of factors. But collectively, your overall revenue in dropshipping should be over 20%. Hence, Knowing whether dropshipping will be a lucrative investment market becomes crucial.
According to recent reports, dropshipping will be worth more than $557.9 billion by 2025. What’s more? The dropshipping market is projected to increase by 28.8% in the same year.
So, are you up to the trends or predictions about dropshipping? Here’s a detailed guide you can use to evaluate the future of blind dropshipping in 2022:
More internet users mean higher selling potential
Dropshipping businesses can sell in any market all across the globe. This suggests that they are not confined by geographical factors. In the last five years or so, the number of internet users has increased by a staggering 15% in developing areas. Thus, you might get endless opportunities to target more prospective buyers.
Cybersecurity Ventures have also stated that the number of internet users will cross the whooping 6 billion mark by 2022. It means you need to capitalize on your local market, and then move ahead with international dropshipping.
A noticeable spike in the warehouse networks
Warehouse growth is another decisive factor dropshippers might want to take into account for the upcoming year. Isn’t it correct? Luckily, the warehouse networks have been rising staggeringly almost all around the world. This fact is specifically true for the European and US markets.
However, what does it suggest to the dropshipping businesses? Or what they can take out of this spike? Simply, the more the warehouse networks, the better dropshipping operations will be. For instance, if you have a wide network of warehouses, you may gain more profits because:
It enables dropshippers to improve their delivery times as well as delivery efficacy.
It empowers your business to reach more customers with no concern about product availability.
It authorizes individual businesses to lock horns with industry giants or take an edge over their competitors.
Growth of mobile-centric e-commerce
Mobile users have almost become the lifeblood of e-commerce stores. According to a report by Statista, 54% of all e-commerce sales are made through mobile phones. This is whopping growth as compared to the year 2017. It implies that you can eye on a dropshipping business with a mobile-friendly website. The more your websites will be friendly to mobile users, the more users will make purchases through it.
Final Thoughts:
The factors you have gone through might make you a bit aware of the future of dropshipping in 2022. So, now is the time for your business to reconsider all critical parameters for reaping endless rewards and benefits. If you are worried about the Cost of Drop Shipping, you can contact Ship Customer Direct. It helps businesses to directly deliver goods to their customers. For further information, refer to Ship Customer Direct’s website today!
