Starting An Online Store With Dropshipping In 2023: Key Stats You Should Know
Are you thinking about starting an online store with dropshipping in 2023? We’ve collected the most important dropshipping statistics for you! So, here’s what you need to consider if you’d like to get an independent dropshipping business this year.
#1 1-3 day delivery is now a reality
That’s right! With Sellvia, an ecommerce network that includes an awesome California-based warehouse, you can forget about lengthy shipping times making your clients unhappy! Delivering buyers’ orders to any US destination in just 1-3 business days, Sellvia does a great job of boosting your customers’ loyalty and the number of repeat purchases.
There’s more than fast shipping to Sellvia: here’s how it can take your business peformance to a while new level!
#2 B2C ecommerce market will be worth $6.2 trillion by 2027
Okay, first of all, that’s a lot of money.
These estimates are given by Grand View Research, Inc. The company also expects that the market will grow by around 7.9% every year.
That’s an impressive number, too – but what should it tell you?
B2C ecommerce is a specific type of online trade. It means that a private individual buys something for a personal use from a company/corporation/manufacturer, and makes this deal via the Internet.
So, every time you sell something through your dropshipping store, you perform as an ecommerce market player.
Now, you’re getting it: as a dropshipping store owner, you will be a part of this booming, thriving market. And, as this market player, you can count on a fair share of this incredible cash flow!
We have a lot of evidence supporting this theory – check it out right now! And of course, don’t forget to take a look at the tips and strategies that will help you achieve stellar business peformance!
#3 There are over 2.14 billion online shoppers worldwide in 2022
When the market is on the rise, there are lots and lots of players on it. As it currently stands, there are over 2.14 billion active online shoppers.
According to Statista, billions of people worldwide will make purchases on ecommerce platforms in the nearest future. In other words, supply and demand across various markets will stay balanced.
Interestingly, these findings are supported by the already quoted Grand View Research report. Its authors explain that there are multiple reasons for people to buy more things online:
- A rising level of disposable income (the money that’s left in a family after all the taxes are paid out)
- The growth of middle-class population (the people who neither live in poverty nor are super rich)
- An increase of Internet penetration and smartphones use (more and more people get an easy access to technology)
- More intense use of social media (clear without any explanations 🙂 )
- The use of innovative techniques of customers’ research, marketing, and advertising as companies create new ways to learn more about their target audience and to tailor their offers to the public needs.
Simply speaking, as a dropshipping store owner, you won’t see a lack of customers.
Thousands of people can potentially buy the products on your ecommerce website. Of course, their purchasing decisions depend on your business management. That’s why it’s crucial to research your target audience and tailor your offers and messages to specific segments if necessary!
#4 You only have 15 seconds to grab your online store visitors’ attention
This 15 Second Rule means that if a person doesn’t get really interested with your online store in 15 seconds after opening it, you lose this customer.
What is even more important, most likely, your visitor will leave your site if it loads for more than 3 seconds.
Yes, the Internet is tough. But you’re tougher!
Since you already know about these findings, you can definitely consider them when you’re starting an online store with dropshipping. More specifically, it’s wise to pay attention to:
- Your online store design: it should be professional, trustworthy, and relevant to the interests of your potential buyers.
- The choice of dropshipping products: there should be enough high-quality, eye-catching items that trigger impulse purchases. Proper search engine optimization will also help.
- The tech aspects of your website: it should load quickly, perform smoothly, and be secure for payments transactions.
Read our free guide on 30 reasons why people leave your store without making a purchase to make sure your website is convenient to visitors!
#5 Customers trust real-life product reviews 12 times more than the ‘official’ product descriptions
That’s curious to learn, right?
For dropshipping stores, this is an exceptionally important aspect to consider. Your buyers don’t have the chance to see, touch, or try the products before the purchase. Naturally, they might have some doubts.
There is no wonder, then, that they only can rely on the previous buyers’ experience.
And you, as a dropshipping store owner, need to find a way to create the perfect environment for placing an order. Here’s when some interesting findings from Flockler come into play.
If you want to sell online, share your previous customers’ experience. In ecommerce, the conversion rate increases by 20-30% if, while placing an order, a buyer sees user-generated content that is related to the purchased product.
Basically, you can dramatically boost your sales if you include honest feedback from your previous buyers in your online store! Here are 7 ways to do it on a dropshipping website.
Now, you’re ready to dive into this business!
Arm yourself with the valuable stats we’ve shared in this article! Read the tips and educational materials we’ve included here and make the most of starting an online store with dropshipping in 2023!