It’s 2024, another year and an opportunity to find dropshipping products which take your business up a notch.
Update: The beginning of 2024 brought serious challenges to the dropshipper business. But there are always those who use any crisis to their advantage. We recommend you to read the Wang’s dropshipping success story. He makes a lot of money during a coronavirus outbreak. Are you looking for a list of best dropshipping products to sell in 2024?
Or do you want to know how to search for the best products to dropship? In this article, we’ll unveil all you need to know about choosing the best items to dropship as a pro.
So let’s dive into it:
Table of contents
- 1. Where to find the best dropshipping products?
- 2. How to set the best price range for your products?
- 3. How to select the best products to dropship?
- 4. Where to find dropshipping suppliers and how to deal with them?
1. Where to find the best dropshipping products?
You could have the best store design, but if you can’t find the best items to dropship, you might not be able to build your dream dropshipping business. In a bid to achieve this, you can draw on the ideas that already exist on the market. Take time out to analyze the sources discussed below. These will certainly help you find winning products for your store.
1.1. Trendy products on top marketplaces
It’s not an arduous task; browse through the best selling products, trendy and even least selling items of these top online stores. You can use filters to analyze and understand why some products are trendy and even sell more than others. With this, you can draw an intuition and use it to your advantage.
Here are some links from the most popular eCommerce stores to find dropshipping products:
- Amazon’s Best Sellers
- Amazon’s New & Interesting Finds
- eBay’s Trending on eBay
- Alibaba’s First Look at Next Season’s Products
- Dropshipping Center tab in your AliExpress account
1.2 Check products on online community sites
With online community sites, you can find the most profitable dropshipping products to sell. These sites display relevant behavior, gender, age, interests, and opinions that you’ll hardly find elsewhere. As such; browse and explore popular online community sites such as Facebook pages to find product ideas.
Facebook flaunts thousands of open and closed communities that can help you understand what people in a certain region of the world needs. If you’re looking to build your dropshipping business to cater to the needs of a certain region, you can restrict your research to groups/pages in these areas.
If you’re looking to target people from around the world, you can open your search to various areas or go for niche groups with members from various parts of the world.
1.3 Competitor product research
Sometimes, you just need to look at what your competitors are doing to get helpful dropship business ideas. Don’t copy and paste a competitor’s catalog, but you can get ideas on what you’re doing right or wrong.
Find out what works and what doesn’t work for the competition. Take a look at their top-selling products and customers’ feedback. With this, you can ascertain that one or more products are truly hot and work well. You may want to take a look at what customers are saying on social media.
Competitor product research shouldn’t be a herculean task. Just a quick Google search for a product can show a range of competitors in a few seconds. From there, a swift scan of the websites will provide you with enough information to decide to sell a product or not.
1.4 Analyze social shopping sites for products
If you want to generate ideas of dropshipping products to sell in your store, take a look at some social shopping platforms. These are ecommerce enabled websites where a social network of people share their shopping experience. They often share their experience by liking, commenting, recommending or sharing products with others. Sellers who operate in this niche often make more sales through recommendations.
Pinterest, Fancy, Ssense, Wanelo, and Etsy are examples of Social Shopping sites.
A look at these websites shows how customer reviews are prominent, and feedback is important to any store. With this, you can find potential dropshipping products to sell in your store because you identify products people love and want to have.
1.5 Local Communities
Take a look around your local neighborhood. There could be local stores waiting to be an online success.
Start by understanding what the locals are craving to have; visit community bazaars, food parks or thrift stores. You might find products for dropshipping.
2. How to set the best price range for your products
Just like other businesses, you must make a profit with dropshipping to say it’s a good decision. There are several factors to consider before setting prices for dropship products. Research the prices your competitors’ prices, check out shipping rates, note supplier pricing and consider other business costs. These will help you determine if this business model is apt for you and your online venture.
Pick out the best price points for each product category in your niche. Consider this scenario; you sell a high-end t-shirt for $50+, and it’s acceptable. This wouldn’t be the case with an everyday white T-shirt worn for lounging at home. People will most probably not buy at that price. It takes some in-depth research to find the optimal price point.
In as much as you dropship products to meet the needs of your customers, profit should always be a factor to be considered – have this in mind while sourcing products.
Do well to dropship items that you can sell for at least $10 more than the overall price cost. Take, for instance, if you source a baseball hat for $5, you should have it up on your store with a price tag of $15 or more.
In this case, a single sale will cater to the shipping costs, actual product price, and marketing costs, while you still have a nice profit margin at the end of the transaction.
If you’re not sure about setting your prices, we’ve got a tonne of useful pricing tips and tactics.
3. How to select the best products to dropship?
You don’t have to sell everything to own the best dropshipping website. After listing your product ideas, filter them and go for the most feasible ones.
3.1 Narrow down to a niche and hone your focus on it
Based on the products you’ve shortlisted, perhaps 5 or more, you can cut down your product ideas by using Google Trends or Keyword Tools.
3.2 How to Use Google Trends to Compare Product Ideas
Google Trends shows the relationship between the frequency of a particular search term and its search volumes. By using Google Trends, you will get a visual analysis of how particular products trend over time and their performance compared to other products.
Google Trends is ideal for comparing the interests of the general public on different products. With Google Trends, you can compare search volume for up to five different queries. This gives an idea about people’s interest in a product. It could be growing or waning.
In the example above, there were times when more people searched for boots (blue) than shoes (red). This can be a result of seasonal fluctuations. If you’re going into footwear niche, this data shows that selling a variety of shoes would yield more consistent sales even though sales of boots might increase substantially in short intervals.
3.3 Find your niche
With Google Trends, you can spot a niche and grow your dropshipping store in that niche. Each of the search terms will show you in-depth analytics to help narrow down your product ideas and carve a niche for your store. Here’s how:
Scroll down to your desired search term. Take, for instance, sunglasses.
The “Related Queries” box will show the terms that are related to your search term which users also searched. You can use filters to focus on “Top searches” or “Rising searches”. It’s recommended to use the “Rising searches” as these are the terms with the most significant growth in volume in the requested time period. If you see “Breakout” instead of a percentage beside the related query, it entails that the search term grew by more than 5000%.
Consider a possible scenario where I want to learn more about clout sunglasses because of its obvious growth. Click on the related query, and you’ll see the interest over time.
You can observe that the interest for ‘sexxxy sunglasses price’ is piquing tremendously. You can check the search volume using a keyword tool such as Google Keyword Planner. As a rule of thumb, you should leave products that have little (less than 500 monthly searches) or no search traffic at all. Find the right equilibrium between search volume and competition.
3.4 Evaluate the Competition
Competition is a significant factor to evaluate when it comes to evaluating the best products to dropship. Take time out to evaluate competition and know what it looks like. Although you may be considering for niche products, other people might be doing the same too.
Check out these helpful tips when it comes to evaluating competition: using Google Search, input your product in the search key and look at the results page. Say, for example, our ‘sexxxy sunglasses price’ earlier.
Based on the results page, you can spot your competitors who actively advertise the product. Alternatively, you can use Image Search to see the number of online stores that have a similar product for sale.
Take note of your potential competitors. It’s time to analyze their pricing strategy. For instance, if you check the ‘VIVIBEE Flip-Up Clip-On Sunglasses’ on AliExpress, there have already been over 900 orders, and each is sold for $3.76.
Please ignore the welcome deal price ($0.99) you see on AliExpress, as it’s only valid for the first order. If you work as a dropshipper, you need to check the regular price, which is $3.76 for the item.
Now, check out the same brand on eBay, it’s being sold for $12.00. This information is actual if you do dropshipping on eBay as well.
If you can be more competitive with your pricing, then consider the product on your list. But, if you can see that you have a huge competitor for a product idea and they offer a much affordable pricing strategy that you cannot offset, then cross that out from your list.
4. Where to find dropshipping suppliers and how to deal with them?
For every successful dropshipping business, there are reliable suppliers who are ready to supply high-quality products at affordable prices.
Visit AliExpress, choose a product category, and type in the product name or description. You can also browse top-selling products and start from there.
Take time out to review each supplier, reach out to them and understand their mode of operations before uploading their products’ specifications to your ecommerce site. Suffice it to be that you have to vet each of your suppliers by yourself to ensure your customers get the best and your products will be fulfilled and shipped as promised.
Also, with a drop shipping model, you will need an agreement with manufacturers or distributors that will drop ship your products on your behalf. This is where the need for legit dropshipping suppliers come up. You can locate dropshipping suppliers through the following:
4.1 Contact the Manufacturer
Reach out to the manufacturer first. Start from the source to get the possibly lowest prices. For some dropshipping products, you may have to purchase them directly from the manufacturer just like the traditional brick and mortar stores operate.
Some manufacturers have minimum order requirements. If you don’t meet these requirements, check if they have a list of distribution channels instead. The idea is the fewer supply chain you have to go through; the lower your cost will incur. This allows you to be more competitive when selling your dropshipped products.
4.2 Online Wholesalers/Distributors
Locate wholesalers or distributors online. A supplier’s online presence is a good sign for your online business. The following sites contain domestic or overseas directories.
Aliexpress – operates at the consumer level — a retail version of Alibaba. It enables buyers to purchase goods in smaller quantities at factory prices. You can use our aliexpress dropshipping plugin to search products and pull them from AliExpress. If you want to speed up your business launch, our team can create dropshipping store foy you and fill it with ready-to-sell products.
Before you choose a supplier, do well to check their reputation, quality, efficiency, and of course, pricing. Once you have the best things to dropship, your supplier can be the spike that promotes your business success.
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