March 18, 2018

Dropshipping in numbers

All numbers on dropshipping and e-commerce in one article
Dropshipping
50,000 orders are being dropshipped globally resulting in $1,400,000 sales every day and $42,000,000 every month (Oberlo)
The American Society of Business and Behavioral Sciences reports 22-33% of internet retailers have adopted drop shipping as their primary method of order fulfillment (Smile.io)
Google Trends
Interest in dropshipping is increasing rapidly over years. Take a look at the growth of interest over time in Google Trends.
Online sales
Annual online sales reached $340 billion in the US in 2017.
$684.24 billion will be the amount of US online sales by 2020 (eMarketer)
Retail e-commerce is is growing by nearly 17% a year.
Ecommerce share of total retail sales: 7.5% (Business.com)
Black Friday Cyber Monday sales statistics
in 2016 transactions on Shopify during Black Friday reached $555,716 at the peak of sales in one minute.
In 2017 more than 500,000 merchants in 175 countries reached over $1 billion of sales. At the peak, Shopify merchants generated more than $1 million of transactions in just one minute (Business Wire)

Mobile or desktop?
Which category to sell?
Top selling categories on BFCM in numbers: Apparel (1,423,864 items), Accessories (917,346 items), Housewares (531,776 items) (Shopify)
Consumer behavior
A 2017 Study by Monetate found that 79% of the companies that exceeded revenue goals had a documented personalization strategy in place.
93% of customers say that their buying decisions are influenced by online reviews
82% of consumers do read reviews before making a purchase decision, and 60% look at reviews on a weekly basis (Podium infographics)
How powerful is Influencer Marketing?
Businesses earn 11 times higher sales ROI with influencer marketing (Tapinfluence)
91% influencers say Instagram is their #1 platform, due to its community and opportunities to connect with brands (Adweek)

Final prices for an Instagram shoutout in dropshipping business depend mostly on a number of followers:
  • 30,000-50,000 - $5
  • 50,000 - $10-15
  • 50,000-150,000 - $10-25
  • 150,000-300,000 - $20-40
  • 150,000-500,000 - $30-60
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