The future of eCommerce is looking very promising.
The growth of e-commerce continues to accelerate even as regions begin to reopen their borders. It is anticipated that sales generated from global e-commerce will reach $5 trillion in 2022 and $6 trillion by 2024. The trend of online retailers flocking in record numbers to the realm of e-commerce demonstrates how closely they are following consumer demand.
With the advancements in technology, more and more businesses are starting to move their operations online. This trend is only going to continue, as the benefits of eCommerce are simply too great to ignore. Not only does it allow businesses to reach a larger audience, but it also cuts down on costs and makes it easier to track customer behavior.
TikTok, as a short-form, video-sharing app that allows users to create and share 15-second videos, on any topic is perfect for Dropshipping services.
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What Is Dropshipping?
Dropshipping is a type of business model in which eCommerce entrepreneurs sell products without having to carry any inventory. When a store owner gets a customer’s order, he or she just contacts the supplier, who ships the merchandise directly to the customer’s door. Dropshipping is a popular business strategy for budding e-commerce entrepreneurs since it is easy to set up and operate and does not require a substantial initial investment.
We provide eCommerce services in Hong Kong and have recently noticed growth within the TikTok dropshipping space.
Businesses that engage in dropshipping and use TikTok as their major channel for customer acquisition are referred to as “TikTok dropshipping.”
TikTok has become an emerging channel for e-commerce firms as a result of the fact that 37 percent of users discover new items and services while using the platform.
(In point of fact, during the past five years, the number of people searching for “TikTok dropshipping advertisements” has climbed by 600%).
Additionally, videos on the platform that includes the phrase “TikTok dropshipping” have received more than 1.2 billion views.
The Future of TikTok Dropshipping
TikTok dropshipping is an example of the TikTok Side Hustles meta trend that is now taking off.
The network of people who engage in side hustles is growing rapidly on TikTok.
There have been more than 9 billion views of videos on TikTok that discuss supplemental income sources.
Notably, a significant number of these supplementary income streams center especially on TikTok’s advertising possibilities.
66% of platform users are likely to make a purchase while they are using the platform. whereas half of the respondents reported making a purchase after watching a live video.
TikTok trading, TikTok affiliate marketing, and teaching others how to use TikTok are a few examples of popular and trending side hustles on TikTok.