Dropshipping is one of the most profitable businesses in 2020 mainly because you do not deal with the physical products but rather with the orders. The easiest way to take advantage of the best dropshipping niches is to create a simple e-commerce store, add products and start selling these by promoting the products on social media platforms like Instagram or Facebook.
However, before you start selling, you need to find a good and low-competitive niche with high product volume. So, how to approach this business right?
First things first – where to find a company you would work for?
Now you are wondering about starting the dropshipping and finding the right products. First, find a good company that gives a decent percentage/commission on sales so you could earn a profit. There are plenty of online companies that award dropshipping business owners. Alibaba, Printful, Oberlo or Doba are just some of the names that are top-notch brands in this business.
Therefore, the only thing you need to do is to find a certain item in these companies that you would like to sell and list it on your website. The entire process of buying, once the user clicks on your website, is redirected to these official sites where the buyer finalizes the purchase. Upon making a purchase, you earn a commission from the sale.
Find products that are rare or in high demand
The first objective is to find the products that have a huge search volume, but that is not that expensive. Though you can list expensive items as well, it is better to start with cheaper ones until you get used to the concept and you earn customers.
To start, it is recommended to stick to items that are under $10, which can be anything from pet products to jewelry.
These types of products are always popular as these are not expensive. Also, try to list those that are rare and that you cannot find everywhere. This will make your shop unique and will attract a lot of clients and potential buyers. Generally speaking, the most selling products are power tools, fashion accessories, tech-related items, beauty products, drones and lifestyle items that are popular throughout the entire year.
Know your audience
As we said, you need to determine your audience to make it possible to make a profit. At the same time, you need to consider geography, product type and the level of interest that users have in these.
For example, household items or fashion accessories are always in demand and it is relatively easy to show your items as the wider audience needs these. On the other hand, power tools or machines that are used in the industry might not be suitable for a wider audience, but rather for specific users.
In addition, the summer-related items like a beach ball, towels or sun creams are more likely to sell in warmer areas. So, consider the geography and region where you will display your ads.