Yes. Dropshipping is still profitable in 2020 because of the number of ecommerce activities taking place around the world. It is not only profitable but thriving! Ecommerce and dropshipping profits have reached over $4b, which is a 7 percent year on year increase for the last 10 years.
Moreover, small retailers are seeing an almost 30% increase in conversion rates through smartphones.
Let’s say you want to know how to start dropshipping and aim to earn $100,000 per year from it. How many products should you sell?
Here Are the Calculations:
You get a product of $15 from AliExpress and you sell it for $30. After cutting the shipping costs and the cost of advertisements, your actual profit over the product is $10.
So, in order to make $100,000 per year you need to sell at least 1000 product per month.
$10 profit x 1000 orders = $10,000 per month
$10,000 per month x 12 = $120,000 per year
So, if your idea of a successful dropshipping store is to earn $100,000 per year, then you need to sell at least 34 orders per day.