Is Dropshiping profitable in 2021?

 

Is Dropshipping profitable in 2023?

Can I make profit out of dropshipping in2023?

The honest answer to this question will be It will totally depend upon what market you are trying to capture and in which country.

If you are trying to capture a market with very little or no competition in a county like USA, Canada, England then you are likely to succeed but the problem in that is it is pretty hard to find a market in those countries which is high demand and low supply.

It will be easy to find a market in countries like India Bangladesh which has not been touched before and is likely to seem that it will make a lot of profit but the case is different as the conversion rate of sales in those countries are too low as most of the people are still afraid of online transactions and the delivery delay you will face delivering the product will be around 10 to 15 days which is a lot compared to the products sold in amazon and other online shopping platform which is around 5 days so the buyers is likely to choose their trusted platform

And the worst part is that the margin per product is too low that you will hardly make a profit after running ads and opening an online platform for selling your products.

But if you still want to do that you can but don’t expect to make a huge sum of money out of it so be wise in which you will spend your money in.

And you will earn a lot of experience out of it which will worth a lot more than the money.