There are more than hundreds of dropshipping businesses, and it can be hard to compete on price alone.
Therefore, you have to find a niche and choose what makes you stand out from the competition.
Find a niche where you’ll be able to add value. For instance, you can sell electronics devices and run a blog that shows your potential client best practices to arrange the equipment.
Plan on selling goods or services that are difficult to buy locally, but are purchased online.
The product you are selling shouldn’t be too expensive or too cheap. In a perfect world, the right niche is one where the product cost $100-200.
And this enables you to make a good profit from every sale without providing a considerable measure of customer support.
But, when you charge more, buyers always desire to discuss with you before purchasing.
Choose High Demand Products
Once you’ve chosen a niche, you ought to consider what product or service you want to offer.
In a perfect world, you will need to offer a high demand product. Below are two strategies to measure a product’s popularity:
- Market research
You can find the popularity of the product by using Google’s Keyword Tool. This display information on the number of individuals who have searched for the term.
For instance, if you want to sell a particular shoe style, then check the number of individuals that have searched for it.
Go through different categories on eBay and change your search results to show “completed listings”.
Click on the “advanced search” link and check the “completed listings” box. Choose a category and enter keywords. As you look through the listings pages, check products/goods that sell at least 60% or more. These products are generally in high demand.
eBay is still an excellent place to check if items sell online but don’t base your prices off of eBay’s.
They’re far too low. Even though it’s not as relevant these days, it’s still a good place to brainstorm profitable niches.
Amazon is the world’s biggest retailer, and they sell pretty much everything under the sun. That’s what makes it one of the best places to find profitable niches and the products that are “red hot”.
6 Steps to finding profitable niches using Amazon
- Click on the ‘All’ tab at the left of the main search bar it will show a list of categories or ‘niches’.
- Click on a specific category, that interests you (or at random).
- Then leave the search box blank and hit ‘Go’.
- A new page will display, and on the left-hand side a whole list of subcategories or ‘sub-niches’ will pop up.
- Click a subcategory, and it’ll take you further down into the niche into a more specific sub-niche.
- You now have drilled down into specific niches and can even go further still.
There’s no way you can’t find a profitable niche on Amazon, or at least have a good brainstorming session browsing the site. Amazon’s “Best Sellers” page is updated hourly, making it a trustworthy resource for profitable niche selection!
Brandable dropshipping stores means that we need niches that give us multiple opportunities for monetisation. Finding a profitable niche is the most crucial factor that goes into building a successful dropshipping store.