Leading global market research company Forrester’s Research has revealed
approximately 23 per cent of all online sales are fulfilled through dropshipping.

Additional information from Forrester’s Research findings state that retailers
complete nearly a quarter of online orders using drop shipping methods. This
translates into $85 billion in sales on a global level, underscoring the growing
popularity of this business model.

Dropshipping is a business model where one sells products to customers without
physically stocking or owning them. Instead, the seller partners with suppliers
who store and ship the products directly to the seller’s customers when a sale is
made. This usually requires no inventory or management of the shipping process, making it a low-risk way to start an online store. The seller essentially acts as a middleman, earning a profit by marking up the products sold above the supplier’s price.

The e-commerce industry in Nigeria has experienced rapid growth due to
increased internet penetration since the COVID-19 pandemic and a growing middle class with disposable income.

These dynamics are part of what formed Nigerian entrepreneur ‘Tamunoibim Tonye Brown’ commonly known as STAQK to found Staqk Money; a dropshipping company that has empowered thousands of Nigerians.

He made the decision to scale his previous boutique dropshipping
operations having recognised the immense potential of e-commerce early on and has not looked back since then.

After years of success and productive mentorship from friends and associates, Brown founded an educational institution dedicated to teaching individuals the art of generating income through e-commerce called Staqk Money School.

The school is a hub of innovation, providing aspiring entrepreneurs with practical skills, valuable insight, and hands-on training to navigate the ever-evolving landscape of online business.

Tamunoibim’s ability to identify trends, leverage digital platforms, and execute
strategic marketing campaigns has played a pivotal role in his accomplishments.

His keen eye for market opportunities and intuitive understanding of consumer
needs have allowed him to develop effective branding and communication
strategies that resonate with the Nigerian dropshipping community.

The Staqk Money’s journey is a testament to the power of ambition, strategic thinking, and the endless possibilities of e-commerce. Through his entrepreneurial ventures and educational initiatives he has not only achieved remarkable success but has also empowered countless individuals to realise their own dreams of financial freedom.