Staqk Money School, an educational institution dedicated to teaching individuals the art of generating income through e-commerce, founded by Tonye Brown Tamunoibim will be embarking on a new project in Q2 of 2024.
Announcing the project at a press briefing recently, Tamunoibim explained that the project is designed to be a game changer and will put Nigeria on the global tech map.
Given the rapid growth of the e-commerce industry in Nigeria, particularly since the COVID-19 pandemic, Tamunoibim had set up Staqk Money, a dropshipping company that has empowered thousands of Nigerians.
He decided to scale his previously boutique dropshipping operations having recognized the immense potential of e-commerce early on.
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. The seller essentially acts as a middleman, earning a profit by marking up the products sold above the supplier’s price.
Leading global market research company Forrester’s Research has revealed approximately 23% of all online sales are fulfilled through dropshipping. Additional information from Forrester’s Research findings states 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.
