DrillSpot.com's Blog

DrillSpot.com finished out February at $935,353 in monthly revenue, just shy of the $1 million mark. The online retailer, which specializes in home improvement and industrial supplies, has been steadily pushing through the sluggish economy to grow its revenue by 71% over last year.

Comparing February 2010 to February the year before, revenue increased by $387,118 and the site’s conversion rate improved by 102%.  The addition of new suppliers has been one key to the company’s continued success.

“We are excited to work with new manufacturers and distributors which will expand the product offering that our customers are currently demanding,” said Paul Lin, Founder and CEO.

Since January, DrillSpot.com has introduced over 600,000 new products to its site. To date, the company carries an inventory of more than 1,029,000 products.

DrillSpot.com’s expanded product line includes eye wash stations, Eiko lamps and Broan fans as well as respected brands like Bradley, Panduit, White Rodgers, Lithonia lighting, Extech meters and Milwaukee tools.

BOULDER, Colo. — November revenue for DrillSpot.com closed out at $1,016,891, a whopping 28% higher than sales last November.

DrillSpot.com, which specializes in hardware and home improvement supplies, attributes the rise to a strengthening presence on the web. Cyber Monday, the first Monday after Thanksgiving and traditionally one of the biggest online shopping days of the year, exemplified how the site’s visibility has grown: orders on DrillSpot.com were up 60% on Cyber Monday over last year.

The site also experienced a 40% improved conversion rate in November over November 2008, indicating that added incentives like free shipping on many of DrillSpot’s products are turning more visitors into customers.

Shoppers are spending more time browsing the site, too; pageviews are up and the average time for a customer to spend on the site rose 15% over last year. A good sign as the holidays approach.

With over 360,000 products, DrillSpot.com sells a wide variety of hardware and home improvement supplies, including holiday decor, snow shovels, and kitchen appliances. Products range from Fluke meters to Broan fans, and include well-respected brands like White Rodgers, Westward tools, Extech meters, Dayton motors and Honeywell thermostats.