How To Choose Winning Products For Dropshipping
The biggest and ultimately most important question that you’ll need to ask yourself when starting a dropshipping business is what products you’ll be selling.
For those of you who are new to the concept of dropshipping, here’s a brief introduction to what it’s all about. Dropshipping is a way of selling products on the internet without actually having to keep an inventory stock on hand. You ship these products to customers via a third party supplier. Doing so helps you avoid the storage costs associated with keeping inventory on hand. You also get rid of other headaches of picking, packing, shipping, and tracking.
Before committing yourself to a product, you need to ask yourself some critical questions. These are:
Does the product serve someone’s needs?
Before choosing a product, ask yourself if the product that you’re considering selling will appeal to a large group of people or not. Take a minute to think about what dropshipping products like back braces have that make them so popular. You’ll realize that all popular products serve a universal need. They target the broader market with their features. With such products, you have the potential for unlimited growth. Therefore, such products make for a sensible choice.
Is it readily available in mainstream brick and mortar stores?
You need to choose a product that your target market won’t be able to purchase through conventional channels like physical, brick and mortar stores. If they could go out right now and buy it from the mall right this instant, why would they choose to wait two or three weeks by purchasing it through you? Select a product that’s otherwise mainly inaccessible to your target market as doing so will also give you an edge– the opportunity to raise prices.
Is it an impulse buy?
If you want to play on the safer side of the field, it’s a sensible decision to invest in lower-priced products like pens, towels or mugs (at least initially). Since these aren’t premium, high-cost products, the risk associated with their purchase is relatively low. People won’t put a lot of thought into making the purchase. While admittedly, they won’t give you a wide profit margin, but people will be more likely to buy such products without putting too much thought into it. Not only that, because of their low price point, customers are also likely to purchase such items in bundles. As such, selling a low ticket or low priced item will allow you to earn profits through the size of your sales volume. For all the new sellers out there, low priced, impulse-buy items are your safest bet.
At this point, you might be thinking of some way to make the process less of a burden. We’re happy to tell you that the “FindNiche” tool can solve the problem. Above all, the tool is Free to use.
How to Find Winning Product Using FindNiche:
FindNiche is a tool that can help you in finding the winning products for your dropshipping store. The tool uses data from AliExpress and the database contains more than 2 million products, 11,000 niches, and 700,000+ Shopify stores.
To get started, all you need is to create a free account, search for the product, and see the real-time trends of the market. Its collection of big data can surely help you in collecting all the information about a product.
Write anything in the search box, and FindNiche will provide you with all the products, niches, or stores related to your query.
The trends from AliExpress can give you an idea about the interest of the audience. You can then go for any product that more people are purchasing or adding to their wishlists. If you click on a product you can get other information related to that particular product, its link on Aliexpress, its price, performance, top countries of buyers, and an option to explore more products like that.
With all this data accessible with a few clicks of the mouse, you can easily find a winning product for your Dropshipping store.
FindNiche is a powerful dropshipping tool that people can use to analyze profitable products with the potential for a massive return on investment. As an eCommerce store owner or someone dropshipping on platforms such as Shopify or AliExpress. FindNiche would help them to solve the problem to find a profitable niche.
FindNiche can analyze over 6 million AliExpress products in 50 thousand different niches. It also covers over 600,000 different Shopify stores. It is a very powerful analytic tool built with the most innovative technologies in today’s digital business and has been proven to be helpful for many startups looking to break in and compete in the eCommerce industry.
- Problem it solves
- Filter products based on different parameters, such as Category, Price, Orders, and Votes, etc.
- Find out the best-sellers within seconds
- Obtain the whole picture of product performance
- Update hourly to provide fresh analytics, charts, and suggestions
- Search out trending Shopify stores for your inspiration
FindNiche Newly Key Features
FindNiche just added Ad Spying to better support dropshipping practitioners.
Highlights of the Ad Spying:
- 80 million ad copies
- Advanced filters, supporting country/language/ad engagement search
- Insightful details about ad performance
- Covers ads on YouTube, Facebook, and Instagram
With Ad Spying, you will be able to:
- Uncovers winning products within your niche.
- FindNiche allows you to spy on your competitors and their ads. Track what products they are advertising to find out the pattern. Apparently, you will have more than one competitor to spy on. If they spent money on advertising the same kind of products, you may want to include them in the list.
- Discovers profitable items in the broader market.
- FindNiche supports search from different platforms, countries, or engagement (total likes) to find top-performing ads and their featured products. You may customize your search and discover other profitable items in the market.
All in all, Ad Spying reinforces FindNiche as a niche analytical tool to help find winning products. With this feature, Dropshipping practitioners will be more confident as they run their online businesses. Ad Spying doesn’t only get them inspired for their ad campaign but also assures their products will make a hit in the market.
Pros and Cons of FindNiche
While FindNiche is a very powerful tool that assists startups in choosing the best products to sell, it also has its own downsides. Some of these are explored in detail below.
- FindNiche Pros
Detailed data: when compared to its competitors, FindNiche provides better and more accurate data in its analysis. For instance, when you analyze AliExpress products using FindNiche products, you will be supplied with information about:
- The total number of orders a particular product has had over the past 30 days
- The price on AliExpress
- The price of the product on the Shopify store
- How the Wishlist changes
- Links to the view of the product on both AliExpress and Shopify, and so on
This is also true of its niche and Shopify store section.
Blog: FindNiche is all about adding value to its customers. As a result of this, the team in charge operates a blog that contains information that startups will find useful. This includes failsafe ways to run their businesses and turn a profit. It is one of the many advantages of using this tool.
Online support: FindNiche has online support that those using the tool can contact for help when they run into a snag.
- FindNiche Cons
As has been said, FindNiche also has its own disadvantages. Some of them are discussed below:
Expensive premium cost: the cost of FindNiche’s premium plan is $59, which is quite high when compared to the price of some competitors. However, we dare say the pricing is fair, seeing as they provide more detailed information in their analysis than supposed competitors.
Limited free access: while FindNiche has free access, it is quite limited. For example, you can perform a limited number of searches a day while using the free access option; but it’s not easy to get the results with limited queries.
- FindNiche Pro: $29/month
- FindNiche Elite: $59/month
- FindNiche Premium: $99/month
- FindNiche VIP: $199/month