Starting a dropshipping business is a great way for entrepreneurs to start their first business. There are a few key points to think about when sourcing products for your dropshipping store. Once you have some great products, you’ll be right ahead of your competition and ready to make sales. Here is our definitive list on how to find the best dropshipping products.
If you haven’t started dropshipping already, go read our blog on How to Start a Dropshipping Business in Ireland. It covers all the essentials needed to start your own dropshipping store in minutes.
1. Find Trending Products Online
Trending products online are a great option when sourcing goods for your new dropshipping store. You may find trending products by searching on Facebook or TikTok and seeing what’s popular and getting a lot of engagement. If you can get ahead of the competition, you’re on to a winner.
There are lots of great resources that you can use to find trending products which include the following:
Take a look through those platforms and see if there are any trending products with a good profit margin.
Once you find trending products here, you’ll have to take time to market to your target audience effectively.
2. Find a Niche Dropshipping Product
Many drop shippers may start selling in a very competitive market and not see any growth. Targeting a niche market is an excellent way of making sales.
Again take a look at Google Trends and do some research into niches that have a great potential to make money. Something that works well is targeting seasonal niches. We’re heading into Summer now, so why not look at inflatable toys that you can use in a pool. They are likely to sell well in the Summer, especially when everyone can travel abroad again.
You won’t have as much competition online if you sell niche products. You’ll be reaching a smaller audience. It will probably be cheaper if you’re using any PPC services such as Google Ads or Facebook Ads. You may also find it easier to rank under niches than competitive products.
3. Competitive Research
You should always be looking online and seeing what others are selling. Research their products and see how they source and sell their items. You may be able to uncover their pricing strategy and even undercut them.
Once you do a quick google search, you should find a few competitors straight away. Scan their website and look at both their price and delivery times. If you can source the same product, see if you can do any better.
4. TikTok is Key
TikTok has opened up a whole new channel for dropshippers. There is a tonne of product-related hashtags to research. Here you can see what going viral online is. Such hashtags are #TikTokMadeMeBuyIt and #viralproduct.
Check out which videos are getting the most engagements and views. Those products may be worth looking at. As I look at it now, I can see popular products include the following:
- A flame diffuser
- Smart Thermo flask
- Portable blender
5. Take a Look at Social Shopping Sites
A brilliant source of inspiration is to by looking at social shopping platforms. These platforms are where others share the shopping experience on a social network.
Social shopping sites include:
Spend time on each platform and check out how people use them. Feedback is important on these sites. Looking at feedback and ratings will help you spot the best products to dropship.
6. Join Online Communities
There are many online communities that you can join to research high demand products. Facebook Groups are a great source for chatting with both drop shippers and suppliers. They can help you understand the needs and wants of people worldwide. If you only want to sell in a certain country, then you can tailor your research to only deal with these countries.
Great online communities to join are :
There are lots more to choose from. If you’re interested in selling fitness products, then tailor your research to the only fitness dropshipping communities.
Key Points To Consider When Choosing Dropshipping Products
Set Your Price Range
Of course, like all businesses, you’ll need a profit for your dropshipping business to be successful. After you conduct product research, you should note competitors’ prices and shipping rates along with other business costs.
You should aim to find dropshipping products that you can sell for at least €10 over the price you sourced them for. So, for example, if you sourced a product for €5, you’ll want to try and sell it for at least €15.
Select a Supplier For Your Products
To have a successful dropshipping store, you’ll need suppliers who can deliver your customers high-quality products at a reasonable price and in a good delivery time.
There are lots of dropshipping suppliers to be found online. There are platforms such as Spocket and Zendrop. The app Modalyst helps you find reliable suppliers for a range of products.
You should only deal with suppliers who have a high feedback score and a long history of selling goods. You should stick to these guys as they will be reliable for your dropshipping business. Once you build a rapport, they may start doing some deals with you, too, such as cheaper products or better delivery times.
I have a passion for Digital Marketing and conducting online Market Research. I have a big interest in videography and spend a lot of time creating videos using drone footage I shot.