Hello, My name is Xuvayer. Today we are going to review the top 5 best countries to target for dropshipping in 2024. I hope you all are ready to go because we will play a little bit of a game today.
I hope this article is helpful to select your most profitable countries for dropshipping. So let us know how you did in the game. Okay, So what is this game?
I’m going to go through the most profitable countries to dropship. But before I give it away. I’m going to give you a clue, and you have to guess which country it is. At the end of the time, I will tell you the country’s name and why that country is so profitable.
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[NOTE: If you guess which country it is. Would you mind commenting below at the end of the article? Also, you can share your opinion on how you like this type of article.]
Best And Worst Countries To Target For Dropshipping
Number One – Best Country To Dropship
Let’s go-to country number one. This country consumes more than 165 million cups of tea per day. Can you guess what the country is? 1, 2, 3, 4, 5, you got it.
This is the United Kingdom. The UK is considered to be one of the most advanced e-commerce markets in Europe in 2018. The UK’s e-commerce revenue came to 688 million British pounds, and the most popular is the fashion Industry.
Uk
Pros:
- Highest online spend per capita.
- 98% of the people are speaking in English.
- A huge population of 66.6+ million people.
Cons:
- Great competition in the dropshipping market.
Number Two – Best Country For Dropshipping
These two countries are going to be combined for this one. The clue is that these countries have the world’s longest international border. Can you guess? What is it? Let’s go. 1, 2, 3, 4, 5, that’s right.
It is the United States and Canada. American shoppers know exactly what they want. They are not afraid to spend an extra buck. The second one is in Canada. Canada’s global economy leader holds the eighth spot.
On the list of countries in the world, they are the largest e-commerce market for dropshipping. Yes, these are some of the top countries to target when running an online store. They are the most popular products in fashion and electronics.
The USA
Pros
- Higher average nonrefundable income.
- Huge population.
- Great eCommerce spending habit.
- English-speaking country.
- Online sale is increasing dramatically against the in-store sale.
- Faster shipping facility.
Cons
- Massive competition.
- Most lavish countries to target.
Canada
By the end of 2022, Canadian online trade returns are likely to be worth nearly $67.1 billion which makes it one of the biggest markets globally. Also, Canada has a high number of millenary customers who are known to shop spontaneously.
And the good news for the dropshippers like you is in Canada, 28% of online customers are millenary. Besides, Canada is also an English-speaking country. So it is easy to operate an eCommerce business there.
Pros
- The average online shop per capita is extraordinary.
- A high share of optimistic online customers.
- An English-speaking nation.
- Great business environments.
Cons
- Topmost target country of the US retailers.
- Huge competition.
Number Three – New But Proven eCommerce Market
The following country has 7 000 lakes. Can you guess? What that country is. 1, 2, 3, 4, 5, that’s right. Some of you got it that time.
It is Switzerland. I’m sure you can all guess why. Because of Switzerland, the average revenue per shopper is 1400. It can be concluded that the swiss have very strong spending power. It offers very good possibilities for online business expansion.
Whether you choose to dropship in Switzerland, you need to know the e-commerce market will have an annual growth of 5.7 by 2024. The most popular dropshipping products category to sell is electronics and media.
Switzerland
Pros
- Politically and economically established country.
- A good habit of eCommerce shopping.
- Ridiculous average revenue.
- Low inhabitant’s density so easy to reach shoppers.
Cons
- Huge delivery costs.
Number Four – Australia
This country is the only continent covered by one single country. What is it? 1, 2, 3, 4, 5 okay yeah. That was a good one. This country is Australia. The reason it’s such an attractive country for drop shippers worldwide is.
In Australia, most people are English speakers. Approximately 80 per cent of Australians are active online users, which is a huge advantage for e-commerce dropshipping businesses targeting the Australian market. The favourite items to sell in Australia are food and personal care, followed by fashion items.
Australia
Pros
- The average monthly online shopping amount is more than $150/resident.
- The yearly eCommerce income growth rate is high.
- Affordable to target compared to the US.
Cons
- A bit longer shipping period.
- Slightly expensive shipping.
Number Five – Monaco
This is the last country on the list, and this is one that you would never have guessed. This country is smaller than Central Park in New York. It has a population of over 38,000. Making it one of the densest countries in the world. Do you know what it is? 1, 2, 3, 4, 5 yes.
It’s Monaco. Monaco currently holds the highest GDP per capita. This is the metric that measures the average income per person per year and a high GDP means high conversion rates.
Monako
Pros
- Reasonable for dropshippers to target compared to the US.
- High online spending capacity & habits.
- Great eCommerce business revenue.
Cons
- The low density of residents, so the competition may be a bit high.
8 Things To Consider Choosing The Country To Dropship
When you are selecting the best and worst countries to target for dropshipping, there are some factors you need to consider seriously like;
- The Rate of Financial Growth
This is the uppermost consideration to target a country for dropshipping business. In an established economy are likely more people with throwaway earnings. So they shop for products from your online store.
- Per Capita GDP
For many online business experts, this is the key point to consider while targeting the country to dropshipp. A high per capita GDP of any country signifies the average person of that country has ample cash to shop.
- Market Size
You should pick a country that has a big population. So the market size will be bigger and you can reach so many prospective shoppers and more chances to make business.
- Improved eCommerce Foundation
A country with an improved eCommerce foundation should be on your radar. It helps you set up your store and start selling easily.
- Online Market Returns
See the size of the online returns of the country you want to target. The higher returns mean more potential shoppers you can reach.
- Faster shipping Facilities
A faster shipping option is a key to success in dropshipping business. So a country without rapid delivery facilities shouldn’t be on your radar.
- Extensive Use of Social Media
Social media is the key to driving traffic to your store. Target the country where people extensively use social media. So, more traffic and a good chance to convert sales.
- Technologically Sound
This is the last but not the least point to see. A technologically developed country helps you to see up-to-date online business data. So you can use that in favour of your business.
The Ninja Technic Choose Best Countries To Dropship?
By using a free Chrome extension called Similar Web with your store, you can get huge useful data from your competitors. For example, you can see from which countries your competitors are getting their visitors most.
You will also see the traffic percentage of each country and the focus point of other stores’ ads. It will even show you from which social media other stores are receiving their traffic most.
So you can set your business strategy and create a lucrative ad campaign to attract more traffic to your store.
Use Locality-Based Promotion for Your Online Store
Since you know where and who is your customer, now time to attract them to your store to grab sales. Below is the best way to use location-based ads successfully;
Google Ads
Since you have found the best location for your store ads, now write an attractive offer using Google ads. At the same time, don’t forget to wisely analyze the CPC (Cost per Click) per keyword you targeted for location-based ads.
Below are the averages CPC for shopping ads of the best countries for dropshipping;
- United Kingdom- $1.69
- United States- $0.83
- Canada- $1.77
- Switzerland- $0.99
- Australia- $2.51
- Monaco- $1.32
Facebook Ads
But with Facebook ads, apart from the target location, you also should emphasize people’s comforts, sex, age, and which media they are using. Doesn’t matter how many countries you target to dropship, however, if you don’t have all of this data, anything sensible.
Therefore, you might need to (and, it is considered the best way) do complete testing. You can assume and can do your research, however without a test you probably never know the fact.
Below are the averages CPC to assist you to guess your ads costs on Facebook of the best countries for dropshipping
- United Kingdom- $1.11
- United States- $1.37
- Canada- $0.81
- Switzerland- $0.98
- Australia- $1.64
- Monaco- $1.46
Bonus Tips for Your Cross-Border Dropshipping Store
- Find Your Target Market
To establish and run your cross-border dropshipping store profitably, find a potential market first.
- Research Your Product
This is considerably a topmost fact for eCommerce business. There are so many winning product research tools like Minea that you can use to find best-selling products.
- Find a trustworthy supplier
After finding the products, you need a reliable and capable supplier who can provide your selected products. Yet, it’s a bit tough to find as there are so many suppliers globally but not all are equal.
Make sure that your supplier is honest and capable of order fulfillment. You need to work on it deeply on the internet. And the good news is if your target market is the USA, this article 30 dropshipping suppliers in the USA will be pretty helpful for you.
- Create a User-Friendly and Attractive Website
Your website is often the first impression to your potential customer so it should be attractive. Besides, a user-friendly store/website makes visitors comfortable to use and they tend to stay more. As a result, more chances of conversion.
- Form Your Business Strategy
Since you find the target market, products, supplier, and a lucrative website/store, now is the time to form an effective business strategy. Plenty of ad spy tools, for instance, BigSpy, Adspyder, etc. will help you to discover your competitor’s strategy and make yours.
- Grow Organic Traffic to Your Store By Effective Ads Campaign
There are many ways including social media to promote your cross-border dropshipping store to drive traffic. Create engaging and SEO-friendly content there to grow organic traffic. Reach your target audience via both online and offline marketing and paid Facebook Ads, Google Ads, etc.
- Monitor Output and Improve Your Invest Accordingly
Monitoring output and improving the effort that you invest in your online store are keys to success in the cross-border dropshipping business. So track your store’s visitors, conversion rate, and order ratio, run ads campaigns, and take action as needed.
The Bonus Worst One
What Dropshipping Countries To Avoid?
Now I’m going to tell you what the worst country for dropshipping is. Is your clue that there are over 17,500 islands in this country? But only 6 000 of them are inhabited. Can you guess? What is it? 1, 2, 3, 4, 5 close.
It is Indonesia. The reason is the worst country for dropshipping. Not only does the currency have a low exchange rate. This means you’re going to have fewer conversion rates. It has one of the highest board rates for e-commerce transactions in the world.
According to research, 44.1 of all online transactions in Indonesia are actually fraudulent. Now that sounds like a drop shipping nightmare to you.
Frequently Asked Questions
Which Countries Have the Maximum Online Scams?
This is such a matter that all cross-border dropshippers should know. Unfortunately, in some countries, online scam is rising severely. According to bscholary, below are the countries notorious for the most online scammers;
- India
- Pakistan
- Nigeria
- China
- Indonesia
- Brazil
- Romania
- Venezuela
- Philippines
- South Africa
Remember, the above list is in no specific order. However, if you target to dropship to the above countries, be sure with due carefulness and take all the essential protections.
Best And Worst Countries To Target For Dropshipping | The Final Word
If you just start your dropshipping journey. My recommendation is not to try any unknown country. Try to target the United States, United Kingdom, or Canada market because that country’s dropshipping market is so stable and proven.
You do not need to target a huge population country. Just make sure your target market or target country people easy to access debit cards or credit cards. They are interested to buy online.
Suppose you need how to find the best dropshipping supplier in the USA or EU market. Would you please read the article dropshipping suppliers USA; In this article, I am trying to give you the all niche dropshipping supplier.