2020 in Review: A Year of Challenges, Opportunities, and Achievements
Marking and celebrating milestones as you prepare for your upcoming endeavors is fundamental for embracing new challenges with greater motivation and strength.
Although a very strenuous year in all of the aspects we could think of, we can proudly say that, for us, 2020 was a year that we kickstarted with a sense of togetherness that helped us bring out the best in ourselves.
Undoubtedly, we can conclude that every crisis provides grand opportunities. As the Covid-19 pandemic has taken the world by storm, the first half of 2020, was marked by uncertainty. But with an amazing team working remotely from multiple locations across the globe, BrandsGateway confronted that uncertainty with enduring positive energy and team spirit. Numerous unprecedented obstacles were introduced to all of us, but with a robust strategy, we managed to take the lead and win the battle. Thus, we approached the following second half of 2020 with a strengthened strategic plan, and clearer priorities and goals.
Our mission and vision for the upcoming 2021 and beyond are to continue working hard as a team and to exceed the expectations of our customers and partners by delivering premium services. Most importantly, to reinforce BrandsGateway’s position on the market and continue being the leading B2B luxury marketplace for designer clothing and accessories.
Moving forward we will recall some of the silver linings from 2020 that have brought immense gratification and emphasized our year.
Key highlights that marked 2020
Starting with our milestones presented in numbers, we can proudly say that 2020 was marked by ‘Growth in SKU’s Numbers’ by amazing 360%, ‘Growth in New Brands’ with 70 new brands included in our portfolio, and ‘Growth in Website Traffic’ by 125%.
Additionally, in 2020 our ‘Top 5 Brands’ were Dolce & Gabbana, Michael Kors, Jimmy Choo, Karl Lagerfeld, and Roberto Cavalli, and our ‘Most Sold Categories’ were handbags, shoes, watches, T-shirts, and sunglasses.
But our success story of 2020 doesn’t end here. Our company’s steady growth and expansion are proved by the following achievements: ‘New Warehouses/vendors’ – 4; the ‘Amount of Orders Shipped – 37,383; the ‘Amount of Products Shipped’ – 145,793; the ‘Amount of Countries Shipped to – 102; the ‘Top 5 Countries Shipped to – the USA, UK, Australia, Germany, and France. Finally, the ‘Average Order Value’ equals 312€.
Building successful and long-lasting relationships
It goes without saying that building strong and long-lasting relationships plays an instrumental role in establishing a reliable, trustworthy, and powerful business.
As a dropshipping and wholesale supplier of luxury clothing and accessories, BrandsGateway does its utmost to provide its clients with superior services. As a result, we can proudly state that a lot of success stories were written this passing year. Each of them allowed us to develop and nurture successful and long-standing relationships with our clients.
One success story we are thrilled to share is about Sam and his online clothing business Azura Runway. Sam’s online business marked our 2020 by becoming one of our top 5 dropshippers by sales. Based in Australia, he sells on 10 different marketplaces in Australia and New Zealand and earns over $44.000 in monthly revenue. To learn more about Sam’s story, we invite you to read our case study: How One Entrepreneur Makes over $44.000 in Revenue per Month with BrandsGateway.
Another success story that rose like a phoenix from the Covid-19 ashes with the help of BrandsGateway is a couple from Eastern Europe that chose us to be their dropshipping partner. Oleg and Stacy decided to start dropshipping in 2020 and confront the economic crisis. Their great numbers in sales are proof that there isn’t a bad time for starting a dropshipping business. If you like to draw inspiration and motivation from Oleg and Stacy’s dropshipping story, check the case study we prepared: Dropshipping During the Coronavirus: How a Couple from Eastern Europe Makes 10k Euros per Month Selling Clothes Online.
Lastly, the third success story we would like to share as a highlight from 2020 is the story of Rovena Kafilaj from Florida, USA. Rovena found BrandsGateway in the search for high-end fashion suppliers for her clothing boutique. In particular, she kickstarted 2020 by opening her store, and even though Covid-19 has brought her some difficulties, her optimism and BrandsGateway’s amazing support helped her achieve outstanding sales. Rovena talks about the challenges she encountered in this case study: How Florida Retail Fashion Boutique Owner Found Success with BrandsGateway.
Launch of new brands and products
A milestone that made 2020 a remarkable year for BrandsGateway was the launch of new high-end products that proved to be a great addition to our luxury portfolio. New branded sunglasses, frames, and watches were introduced to our category for accessories for women and men.
As our CEO, Michael Tekin, states: “These new products from top-selling brands such as Armani, Christian Dior, Jimmy Choo, Just Cavalli, and many more, were extremely positively received by our clients and their end-customers which give us great pleasure and incentive to further expand our portfolio. One of our company’s goals for the upcoming year is precisely this – bring even more brands and products that will, without a doubt, boost our clients’ sales.”
Recognition for superior service
Another significant thing that made 2020 a great year for BrandsGateway’s team is the constant recognition for superior service it received from its trusted customers.
Our top priority is to satisfy and exceed the expectations of our customers and become their most trusted, reliable, and enjoyable luxury fashion supplier.
At the forefront of 2021 – Wiser, bolder, and tenacious
At the point of closing the 2020-chapter, what does 2021 hold for us? One thing is certain – as a team, we are ready to embrace the new year with renewed and reinvigorated forces. Whatever challenge or obstacle we encounter in 2021 will be accepted and overcome as a team.
About the Author
Kristina, Head of Content at BrandsGateway. Eternal inspiration: The Doors music and lyrics, Bernardo Bertolucci's timeless “Stealing Beauty”, and the dynamic and meditative Ashtanga Yoga.