DrillSpot.com’s January Revenue Up 35%, Surpasses $1 Million
BOULDER, Colo., Feb. 4 – January revenue for the internet retailer reached $1,039,953, up 35% over January 2009. DrillSpot.com also received 43% more orders, an increase on par with its robust growth over the last year—total revenue for 2009 topped $10 million.
January did not bring all good news, however: visits to the site were down 13% over January 2009. Yet with the website’s conversion rate up 70%, DrillSpot.com’s revenue still continues to grow. The number of transactions processed through the site alone (not including orders placed using Google Checkout or over the phone) rose 48% in just one year, suggesting the company is receiving a greater volume of relevant traffic.
Based in Boulder, Colorado, DrillSpot.com specializes in home improvement and industrial MRO products. The online retailer opened a little over four years ago and has rapidly grown an inventory of over 430,000 products. DrillSpot.com credits fast, reliable service as a driving factor behind its success; most products are delivered to their final destination within 48 hours. Customers are taking note—the website averages 4.8 out of 5 stars on Google—and they are responding with repeat business.
DrillSpot.com products range from Eiko lamps to Broan fans, and include well-respected brands like Panduit, White Rodgers, Lithonia Lighting, Extech meters and Milwaukee tools.
