When you are looking for dropshipping products, what are you looking for?
Dropshipping is a way to sell goods online without keeping inventory. Instead, sellers can use third-party vendors to ship directly to customers.
Through the dropshipping model, sellers do not need to pay expensive costs for inventory, nor do they have to contact the products they sell, they are only responsible for product selection and marketing.
Dropshipping allows you to start a new e-commerce business or introduce a new product line without having to invest thousands of inventory in advance. You are free to test market demand, and if the product does not perform well, you can change the product selection without worrying about inventory backlog. You can also keep up with retail trends without worrying about slow-moving inventory once demand cools.
Dropshipping sellers usually purchase products at low prices on Alibaba or AliExpress. Then sell it on Amazon, eBay or independent stations to make a profit.
How to start a dropshipping business?
There are two main ways to run a dropshipping business:
- Operate through the transportation plan of major e-commerce platforms such as Amazon;
- Cooperate with a trusted supplier who ships directly from their inventory, but sells through your independent station or social media.
Looking for dropshipping niche products
The success or failure of the dropshipping business depends on the product selection.
Trends come and go, and it’s easy to catch the latest trend “hit ride”. However, if you want to obtain stable income in the long term, you need to provide a more diversified sales mix. Sometimes finding a suitable niche market and sticking to it is the right strategy.
Product research is essential to find products in demand and generate high sales. You also need to choose products that have relatively low competition and can raise prices appropriately. Picking the most popular products currently seems to be a successful strategy, but in a crowded market, if competition is fierce, the profit margins of smaller retailers will be more squeezed.
When you are looking for dropshipping products, what are you looking for?
When considering which dropshipping products to sell, it’s never a good idea to choose products based solely on personal preference or intuition.
The world of dropshipping is fierce and changing rapidly. In order to compete with existing sellers, you need to conduct thorough product research and analyze existing sales data. If you want to stand out from the competition, guessing is not enough.
Popular dropshipping products are often purchased on impulse.
Impulse shopping products are usually very cheap. Most consumers can afford it without having to think about whether the item is worth the money or whether they really need it. For more expensive products, people tend to do more extensive research and spend time shopping around before making a decision.
Dropshipping products are divided into two categories:
- Colorful, eye-catching and interesting toys (Slimy toys are a popular trend in 2019);
- An “artifact” for consumers to solve daily problems (such as a lazy neck phone holder).
If you promote dropshipping products through social media channels, it’s also important to remember that people don’t usually buy daily household items on Facebook or Instagram. People like to find eye-catching, clever, and interesting products on social media that can initiate topics and appear in the feed to attract people’s attention. Such products will also be shared on social media. If you can find a way to tell the product story, your ad will spread quickly.
Entertainment products that can be used for practical purposes combine these two key categories and are more likely to be winners. For example, transparent plastic shoe covers, which look fashionable, but can also protect expensive shoes from rain damage.
Products may also be seasonal, for example, you will sell more shoe covers during the rainy season, but rarely during the dry season.
You can also consider unique products that are not available in local stores. People often use the Internet to search for products they cannot find locally. If something is difficult to buy in physical stores, but the demand is also high, then it is an ideal dropshipping product.
An online search for the top ten most popular dropshipping products in 2020 will result in mixed results. However, you will find that all the products listed have one or more of the following characteristics: cheap, can solve consumer pain points, novel, unusual, eye-catching or only sold online.
Hot dropshipping products in 2020 include:
- Play slime (sticky mud toy)
- Mobile phone neck holder (neck mobile phone holder)
- Magnetic / wireless phone chargers (magnetic / wireless charger)
- Waterproof mobile phone cases (waterproof mobile phone cases)
- Car phone holder (car phone holder)
- Posture corrector (posture corrector)
- Portable blender (portable blender)
- Spider nail gel, for customizing nail designs at home (spider nail gel, for customizing nail designs at home)
- Eyeshadow stamp (eye shadow aid)
- Inflatable pet collar (inflatable pet headgear)
How to make an excellent dropshipping selection?
You can get inspiration and useful information by browsing the most popular products on popular e-commerce sites like Shopify and AliExpress, or you can use product research tools to analyze products to show which products have the most Dropshipping potential.
- High-priced and low-priced products
The difference between a high-priced product and a low-priced product is simple: a low-priced product is just a low-priced product, such as a pen or a cup, which will not bring huge profits to the seller. High-priced products such as furniture sell for higher prices, and the returns for retailers are higher (but riskier).
When doing dropshipping business, it is best to focus on the sale of low-priced products, because customers are more likely to buy these products impulsively, which means your sales and profits should be higher.
When buying high-priced products, buyers need more time to make a decision, and more support from you, which means you will spend more time dealing with customer inquiries, and this information may not Bring sales. Consumers also need to build trust with retailers before placing an order. They may prefer to go to a physical store and experience it for themselves before buying high-priced products.
Low-priced products bear lower risk and are a more sensible choice for dropshippers, especially for a new seller.
- Dropshipping tools, software and websites
Niche scraper is a powerful dropshipping and product research robot. It replaces a lot of manual research on the product, and can only get some accidental results. Instead, it will provide you with specific sales data, help you make decisions, and even monitor your competitors.
Google Trends is a free service provided by Google that can show you the latest trending search topics. If you are ready to do some in-depth research, the total global search volume of the selected terms will find a lot of interesting dropshipping businesses.
Camel Camel Camel is an Amazon price tracking website, it will remind you of the price reductions of millions of products on the website. It was voted as the most popular price tracking tool by Lifehacker readers in 2019, allowing you to track price changes in real time via RSS subscriptions.
DS Comparison is a website that allows you to compare dropshipping software to determine which tool best suits your personal needs.
- Which Dropshipping products should be avoided?
When researching the ideal dropshipping product to sell, there are some products that must be carefully avoided.
First, avoid products that are difficult to advertise. For example, Facebook prohibits advertisements containing adult toys and pornography. Obviously, the lack of marketing opportunities will lead to reduced sales. So choose products that are suitable for all ages.
Amazon also has certain restrictions on the products you can sell, the categories and products that need to be approved to be listed. eBay also has some restrictions, but they are not so strict. Before choosing a product for your dropshipping business, make sure you have thoroughly checked this.
- Don’t forget to control overhead
This may seem obvious, but it is important to avoid expensive wholesale products. This will require you to add a huge markup to get a substantial profit. Remember to include shipping costs in the cost. A good rule of thumb is to avoid products with a wholesale price of more than $15-20.
It is best to avoid large or bulky products. Many dropshipping (including FBA) charge fees based on shipping costs, which means larger products charge higher fees. Since you need to increase the transportation cost on the product price, it is also wise to choose a small and light product on this basis to keep the customer’s cost as low as possible.
Finally, you should make sure that the products sold in this market are not so “fancy”. For example, compared to selling only Labrador or Chihuahua brooches, various dog brooches of different breeds will attract a wider market. You should also research the most popular dog breeds. If there are only a few people who like a certain breed of dog, the chances of selling related products in large quantities are very low.