Ecommerce Encyclopedia

‟Ecommerce is a powerful means to connect the unconnected to global trade” - Arancha Gonzalez

Is it still possible to make a dropshipping profit in 2020?

dropshipping profit

In the fast-changing world, new business models are emerging and replacing old ones. So, it is understandable that many sellers worry that the dropshipping model is going outdated and its dropshipping profit margin is going minus.

However, the demand for learning about dropshipping business remains as strong as ever. According to Google Trends, in spite of a decrease in 2018, the number of people worldwide interested in the dropshipping business has remarkably increased over the last 5 years. So, the future of dropshipping is still very bright.

Below are a few reasons why dropshipping is nowhere near outdated.

1. Easier to launch an online marketing campaign

It doesn’t matter if sellers have no knowledge or experience in marketing; there are endless sources of guides online to help them. They can look for appropriate online courses and coaches if they have enough time and are willing to learn from the ashes. But if they are affected by time constraints, using the consulting services of marketing firms is highly recommended.

2. More effective online payment

Online payment technology is getting better alongside internet technology. Today there are plenty of payment options available, all of which are becoming more accessible, reliable, and secure, and instilling the trust of online shoppers and sellers. More impressively, most of those methods are available in many countries, reducing payment-related limitations for sellers to run cross-border businesses.

3. Fast-growing e-commerce and dropshipping profit

People are increasingly spending more time on the Internet, which facilities the growth of e-commerce. Today, people prefer ordering products online and have them delivered to their doors rather than going to offline stores. So, if sellers can provide such services and increase customer satisfaction, they will easily get on the winning side.