A Framework For Finding Your Next Successful Dropshipping Product
Age 22Is The Founder & CEO of E-commerce Mentoring And a Leading Industry Expert Of Dropshipping
Dropshipping is a way to sell products without holding any inventory. Dropshippers typically rely on wholesalers or manufacturers to provide the products they sell, and there are many benefits of starting your e-commerce business this way.
However, finding a good product to sell can be difficult. Using a proven and effective framework will help you find profitable and niche dropshipping ideas in order to succeed in your business. Finding a good dropshipping product may not be easy, but the right framework can help you find a winning product.
Determine if there is enough demand.
Before even considering the product, you want to make sure there is enough demand in the market. You can check this by looking at other products on Amazon and Google and seeing if they are making a decent amount of sales. You can also check on social media sites to see if there is buzz for the products. Then you should determine what niches these products fall under. After that, you can research what type of products people are buying or asking for most online and begin testing them out.
Find the right niche.
Finding the right niche can influence your next product's success, but more importantly, it can help determine your long-term success with your dropshipping store. It can be difficult to find a product that will sell well, but tools like the Jungle Scout, Dropshipping Toolkit and Google Trends can help. Also, consider using Amazon's best sellers list as another tool to research what products are popular in your niche.
Once you've found a good idea for an item that people want, check if suppliers have it available so you're not wasting time looking into something that won't be profitable. It all depends on how much work you are willing to put into finding a supplier with competitive pricing. You may also need additional information about the supplier before making decisions about working with them — things like how long they have been in business, their prices per unit and shipping time. Each one of these can make or break you.
A reputable supplier that's been in business for over two years should be considered before one that is just starting. By the same token, one that has a high rating should also be regarded before one that has a terrible track record.
If a supplier is not based in the U.S., you'll want to take into account whether or not shipping time will be an issue for your customers. If so, consider going with someone who's located closer to your customer base. And lastly, when it comes to pricing per unit and how much they charge for shipping costs, you should look out for prices that are too high, which might indicate the supplier needs you more than you need them. If you choose a supplier that charges too much, it can cut into your margins and ultimately diminish your ability to be successful with that product. After all, customers are only willing to pay so much for any given product.
Look at product packaging.
One of the most underrated aspects of a successful dropshipping business is product packaging. The best way to determine what type of packaging will be effective for your customers (without wasting time) is by looking at other products in your niche on Amazon, eBay, AliExpress and Alibaba. If products are not packaged efficiently, your shipping costs will be higher.
Ensure product quality.
Product quality should be taken into account before you invest in a product. It's important to have clear and concise expectations for the items that you're buying, which will help determine what type of supplier is right for your business. For example, if it is not necessary or feasible for your customers to return goods even if unopened, then it should be clearly written next to your product description.
Moreover, it's a good idea to order your product and inspect it before selling it. This will give you an idea of what your customer is going to experience when they receive the product. It could potentially save you from selling a bad quality item that you wouldn't be proud of selling, and more importantly, it could save your customers from purchasing products that they don't want, which leads to more returns and bad reviews.
If you’ve been struggling with finding a good dropshipping product to sell online, I hope this post helped. Make sure to do your research and have a quality product and a qualified supplier for higher profit margins. As can be seen, there are many factors at play when deciding which type of business model is best suited for you, but going through these steps should help.