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5 Ways to find a Good Niche for Dropshipping | How to Pick a Good Niche 2-2

Published on: November 29 2022 by CjDropshipping.com

5 Ways to find a Good Niche for Dropshipping | How to Pick a Good Niche 2-2

5 Ways to find a Good Niche for Dropshipping | How to Pick a Good Niche 2-2

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00:00:01 00:00:03 Hi guys, it’s Demi from CJ dropshipping.
00:00:03 00:00:07 In a previous video, I told you guys that some successful dropshippers cooperating with
00:00:07 00:00:11 CJ make tens of thousands bucks of sales per day,
00:00:11 00:00:17 it is because they made thorough preparations and found a profit niche to start with,
00:00:17 00:00:20 and I shared features of good & bad niches.
00:00:20 00:00:27 Today, I am going to continue this topic, and share 5 ways to find a good niche.
00:00:27 00:00:30 Okay, no more toking, let’s go straight to the point.
00:00:30 00:00:31 1.Brainstorming
00:00:31 00:00:35 Brainstorming is a important step for niche selection,
00:00:35 00:00:41 when first brainstorming, make a list of at least 50 workable niches for dropshipping.
00:00:41 00:00:46 This doesn’t mean that you think about it during a lunch break or queueing time,
00:00:46 00:00:49 you need to block off time and focus on brainstorming.
00:00:49 00:00:55 Here are some tips that will help you brainstorming a long list of potential niches for selection.
00:00:55 00:00:59 1.Check the last 10 times you bought online
00:00:59 00:01:06 2.Find out the most practikal and your most like items you bought online.
00:01:06 00:01:11 3.Ask your family and friends what they bought online recently.
00:01:11 00:01:17 4.Think about all your family and friends and what they have in their houses.
00:01:17 00:01:21 5.what do people like to do on vacation
00:01:21 00:01:25 6.What are popular hobbies in your target area
00:01:25 00:01:29 Write everything down, even if it seems questionable at the time,
00:01:29 00:01:34 and then take this list and begin running them through features of good niches
00:01:34 00:01:36 and bad niches to have a rough sifting.
00:01:36 00:01:41 And to make your list more workable, there are extra two lenses you can view through:
00:01:41 00:01:48 One is your interest-running a dropshipping business sometimes cost your time and effort
00:01:48 00:01:50 in winning product sourcing,
00:01:50 00:01:55 if you have interest in niche you are doing, it could be enjoyable and you will have great
00:01:55 00:01:56 sense of accomplishment.
00:01:56 00:02:03 Another is competition-Scout out other dropshipping stores and see what products are over-saturated.
00:02:03 00:02:06 You bet don’t want to sell those.
00:02:06 00:02:09 2.Finding niches on popular e-commerce platforms
00:02:09 00:02:14 Amazon is the world’s biggest retailer and they sell almost everything you can buy online.
00:02:14 00:02:20 That’s what makes it one of the best places to find good niches and the products that
00:02:20 00:02:21 are super hot.
00:02:21 00:02:25 Here's the step by step process to finding good niches using Amazon:
00:02:25 00:02:32 Click on the 'All' tab at the left of the main search bar it will show a list of categories
00:02:32 00:02:33 or 'niches'.
00:02:33 00:02:36 Click on a specific category, that interests you.
00:02:36 00:02:40 Then leave the search box blank and hit 'Go'.
00:02:40 00:02:46 A new page will display and on the left-hand side a whole list of subcategories will pop
00:02:46 00:02:47 up.
00:02:47 00:02:53 Click a subcategory and it'll take you further down into the niche into a more specific sub-niche.
00:02:53 00:02:59 Amazon is especially great to help you find a super specific niche and the products that
00:02:59 00:03:00 sell best.
00:03:00 00:03:06 Even better is you can choose 'top sellers' from the home page and see what's currently
00:03:06 00:03:07 selling best.
00:03:07 00:03:10 There’s no way you can’t find a good niche on Amazon,
00:03:10 00:03:16 or at least have a good brainstorming session browsing the site.
00:03:16 00:03:20 Besides Amazon, you can search on Ebay or any other popular e-commercial platforms you
00:03:20 00:03:22 are familiar with.
00:03:22 00:03:24 3.Local stores research
00:03:24 00:03:31 Doing local stores research is an unskippable step in your dropshipping business preparation.
00:03:31 00:03:35 You should should know what are selling now in offline stores, and try to skip the common
00:03:35 00:03:38 items you can see at every store.
00:03:38 00:03:44 And you can write down the retail prices, it’s a good way helping you to find a profitable
00:03:44 00:03:45 niche.
00:03:45 00:03:46 4.Doing market research by Google
00:03:46 00:03:52 Thanks to the development of internet, you do not have to go to the library and find
00:03:52 00:03:53 data you want
00:03:53 00:04:01 by rummaging though hundreds of bookracks.
00:04:01 00:04:06 With a laptop or a smartphone, you can Google whatever you want to know.
00:04:06 00:04:10 It is very necessary doing market research before you set up any business,
00:04:10 00:04:14 or you are probably suffer money and time loss.
00:04:14 00:04:16 We just set warehouse in Thailand the past year,
00:04:16 00:04:23 before we take actions, complete and detailed market research is a matter of great account.
00:04:23 00:04:29 This diagram is online consumer spend by catalogue as a share of total online consumer spend
00:04:29 00:04:32 in southeast Asia, compared to global averages.
00:04:32 00:04:39 We can see from this diagram that in southeast Asia, the percentage of travel is 51%, far
00:04:39 00:04:43 surpasses 29% of global average.
00:04:43 00:04:49 And what impressive is, the percentage of electronics & physical media is 12%, larger
00:04:49 00:04:51 than fashion & beauty in Southeast Asia,
00:04:51 00:04:54 which is opposite to the global average.
00:04:54 00:05:00 According to this data, if your target market is Southeast Asia, you can make an inclination
00:05:00 00:05:02 to these two categories.
00:05:02 00:05:05 5.Finding hot niches from Facebook, instagram, pinterest ads
00:05:05 00:05:11 Put ads on social medias is a major way to draw traffic and convert customers for dropshipping,
00:05:11 00:05:16 and it’s a easy and practikal way for you to find what’s on trending.
00:05:16 00:05:21 You can follow e-commercial posters, and like dropshipping products ads,
00:05:21 00:05:23 then you will receive these kinds of ads push.
00:05:23 00:05:27 Dropshippers are paying to make ads for profitable items,
00:05:27 00:05:33 so why not sit idle and enjoy the fruits of others' work?
00:05:33 00:05:41 Okay guys, that are all my 5 method of how to pick a good niche for dropshipping.
00:05:41 00:05:46 Watch this video and review the features of good & bad niches.
00:05:46 00:05:52 Do not forget subscribing us and set alert then you will not miss our updates.
00:05:52 00:05:56 Leave a comment to let us know your opinions so we can make it better.
00:05:56 00:06:00 Thanks so much for watching, can’t wait to see you at the next video, bye~

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