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Historical data and data analytics show that ecommerce will continue to grow in 2023 and beyond. Below is a chart from international trade administration (ITA), an agency in the United States Department of Commerce. The chart depicts global retail ecommerce sales worldwide from 2014 to 2024 represented in billion USD. From the chart, sales are projected to increase in coming years.

Retail consumer goods ecommerce had an 18% share of the total global retail sales for 2020, and is forecast to have over a 1% annual growth rate, achieving a nearly 22% share of total global retail sales by 2024. Below is a chart broken down by categories of goods.

Dropshipping’s data pretty much overlaps, meaning it grew and will continue to grow per industry analytics as well.

There are numerous contents online claiming ecommerce and dropshipping are dying out, but that is simply not the case. One’s ecommerce/dropshipping can die out due to multiple reasons from their products being outdated to bad marketing. It is a competitive field that gets more and more saturated every day.

Below is google’s trend search on “dropshipping”.

Dropshippers took a big hit due to inventory and fulfillment results during the pandemic. Customer satisfaction were subpar and people began to pick up on high profit margins and began looking for better deals. Once google’s algorithm finds out visitors aren’t as engaged on your website, your business will spiral downwards due to less traffic resulting from numerous metrics like bounce rate. This gets even more damaging if you combine it with other competitors creating a better websites with better products/delivery time/etc..

These days, there are dozens of apps and software programs that can help ecommerce and dropshipping sites and if you aren’t using it to automate specific steps to cut down processes or using it to optimize, you’ll fall to the bottom real quickly. From inventory management to customer service management, learn to educate yourself because it’ll become easier and less time-consuming to run a successful business afterwards.

Ecommerce and dropshipping are still a very profitable business model in 2023, but you will have to put in the time and the effort.