Dropshipping is an awesome booming business model where you sell products online without having to handle inventory, shipping, or fulfillment. You simply find a supplier, list their products on your website, and let them handle the rest. Sounds easy, right?
Well, not so fast. Because it’s actually a bit more complicated than that. In fact, dropshipping is on its deathbed! And by 2024, dropshipping as we know it, will be gone.
Is dropshipping really dying?
Fistly, let’s look at some stats and see if dropshipping is on the verge of collapse. As you can see from the stats, the numbers are amazing. According to a report by Grand View Research, the global dropshipping market size was valued at $225.99 billion in 2022 and is expected to register a compound annual growth rate of 23.4%, reaching $1,253.79 billion by 2030!
So what’s the problem? Why did we say that dropshipping might be dead by 2024? The fact is that dropshipping is like Schrödinger’s cat — if you look at it from one angle, it’s dead, but under a different angle, it’s thriving. You see, dropshipping has undergone many changes since its popularization in the 2000s and then in the 2010s. By now dropshipping entrepreneurs are divided into two groups — some are engaged in old-school dropshipping the old fashioned way. But others are successful because they got with the times and started thinking outside the box. This old school dropshipping is as good as dead, but new school is more alive than all living things, just few people know about it.
What is old school dropshipping?
Old school dropshipping is when you do everything manually, ignoring common sense and technological progress. Manuallly importing products, writing text descriptions for products, manually selecting products for the catalog — that’s old school dropshipping for you.
This method is not only time-consuming and inefficient, but also prone to errors and inconsistencies. Old school dropshipping is a sure way to lose money and reputation in the competitive ecommerce market. This approach has many drawbacks, such as:
You have no control over the quality of the products you sell, and you may end up with unhappy customers who receive defective, damaged, or counterfeit items.
You also face stiff competition from thousands of other dropshippers who sell the same products as you, and you have no unique selling proposition or brand identity to stand out.
You have to compete on price, and you have to pay for the product cost, the shipping cost, the platform fees, and the marketing expenses. This leaves you with very low profit margins, and you may even lose money on some sales.
Moreover, you may even face legal problems if you sell products that infringe on intellectual property rights, violate safety standards, or are prohibited in certain countries or regions.
New school dropshipping to the rescue
New school dropshipping is all about automation, AI, top products found on top platforms like TikTok and YouTube, being on the wave, being in the flow. This method is smart and effective, as it leverages the power of technology and social media to find and sell the best products to your target audience. You don’t have to waste time and money on manual tasks, low-quality products, or outdated information. Modern ways of dropshipping are the way to make money and reputation in the competitive ecommerce market.
This approach has many advantages, such as:
Modern technologies allow you to find niche products that are trending on social media platforms like TikTok and YouTube, and that have high demand and low supply, resulting in sky-high profit margins. You can charge premium prices for your products, and you can negotiate better deals with your suppliers. You can also use AI tools to optimize your pricing, discounts, and upsells, and to increase your conversion rate and customer lifetime value.
The most important thing in dropshipping is finding the right products to sell. You can source products from reliable suppliers who have verified reviews, ratings, and certifications. You can also use AI tools to analyze the product quality, features, and benefits, and to generate compelling product descriptions and images. Products that are hit, proven, viral, at the peak of demand, that solve a problem, fulfill a need, or satisfy a desire. The kind of products that make people say: “wow, I need this!”.
But how do you find these products?
You could spend hours browsing through AliExpress, Amazon, or other platforms, looking for products that catch your eye. You could also follow the latest trends on social media, blogs, or podcasts, and see what people are talking about. But this is time-consuming, tedious, and unreliable.
Or you could use a smarter way. You could use a platform that does all the hard work for you. Not just any platform, but a platform that scans millions of products across the internet, and analyzes their performance, popularity, and potential. A platform that shows you the best products to sell, along with all the relevant data and insights you need to make an informed decision. A platform that helps you launch and grow your dropshipping business with ease and confidence. This platform’s name is Sellvia!
Dropshipping the new way with Sellvia
Sellvia is the ultimate dropshipping tool for 2024. It helps you find the best products to sell, and it automates and optimizes every aspect of your dropshipping business. With Sellvia, you can:
Discover the best products
Discover the hottest products that are trending on TikTok and other platforms, and that have high demand and low competition. Sellvia updates its product catalog daily, so you always have access to the latest and greatest products in the market. You can filter and sort the products by category, niche, price, rating, reviews, orders, and more, to find the ones that suit your store and audience. By the way, we just got these new products, so hurry up and check them out:
Import the products to your store with one click, and get ready-made product descriptions, images, and videos that are optimized for conversions. Sellvia helps you create and run effective marketing campaigns, using the most popular and profitable channels.
Market your products easily
Market your products to the right audience, and use the best keywords, hashtags, and influencers to drive traffic and sales to your store. Sellvia provides you with high-quality content that showcases the benefits and features of the products, and that persuades the customers to buy. You can also customize the content to fit your brand voice and style, and to add your own touch.
With Sellvia, you can track and improve your store performance with ease. It shows you the most important metrics for your store, such as traffic, sales, revenue, profit, and more. It also gives you comprehensive reports and dashboards, that reveal your store’s strong and weak points, and that offer tips on how to enhance your store and boost your business.
Sellvia is the ultimate dropshipping tool for 2024. It helps you discover and sell the best products for your niche. It saves you time, money, and trouble, and it gives you an advantage over your rivals.
Our products are selling like hotcakes, but they aren’t infinite! So don’t miss this opportunity and start dropshipping our high-ticket products to boost your dropshipping business with Sellvia NOW!