Choosing Dropshipping Products: A Guide
In this video, the speaker discusses finding the right product for your e-commerce business. They emphasize the importance of considering price point and dollar margin when selecting a product to sell. Here are some key takeaways:
- Speaker will be discussing finding the right product for e-commerce businesses
- This is not a product research video, but rather focuses on pricing and selecting the right product to sell
- For beginners with smaller budgets, a lower price point product may be advantageous
- Sweet spot ranges are between high and low ticket, such as products in the $30 to $40 range
- High ticket products (between $60 and $90) may be profitable for those with more money to spend on marketing
- When setting up a product, consider dollar margin, not just percentage margin
- Find products with healthy dollar margins, such as those in the $30 to $60 range
- Try to keep the cost per purchase under 30-40% of the total revenue
- Don't be afraid to test new products even if you already have a successful one
- Test similar products to find something that works even better
- Speaker has years of experience in e-commerce and has spent millions on Facebook Ads
- Encourages viewers to ask questions and post comments for further assistance
6 Criteria For Choosing Good Products To Dropship | Shopify Dropshipping
In the previous lesson, we learned about the drop shipping business model. In this lesson, we will discuss product research, which is crucial for running a successful online business. If you don't conduct proper product research and find products that sell, it doesn't matter how much time, effort, or budget you put into your website and marketing. In this lesson, we will begin with the six criteria for finding a good product to sell.
Criteria for Finding a Good Product to Sell:
1. Hard to Find in Stores: The product should be hard to find in stores, like the UV toothbrush holder we mentioned.
2. Hard to Guess the Price: Customers should find it challenging to guess the price of the product, like the UV toothbrush sanitizer.
3. Solves a Problem: The product should solve a problem and make the customer's life easier, like the UV sanitizer toothbrush holder.
4. Fast Shipping and Delivery Times: Your drop shipping suppliers need to have fast shipping and delivery times. It's best to work with American suppliers for higher quality products and satisfied customers.
5. Impulsive Buying: Customers need to be able to buy the product impulsively without doing much product research before. Avoid products with different weights and dimensions that may require research before purchase.
6. Cost up to $30: Products should not cost more than $30. Cheaper products have a much higher chance of selling and making profits.
Types of Stores:
1. Niche Store: As a beginner, it's better to start with a niche store. Once you have a winning product, you can narrow down your niche and start selling related products.
2. General Store: A general store has a whole bunch of randomized products, making it look unorganized and unprofessional.
3. One Product Store: One product stores can be challenging, and it's best to start with a niche store and slowly narrow down to winning products.
Proper product research is critical for running a successful online business. By following the six criteria for finding a good product to sell and starting with a niche store, you can increase your chances of making sales and profits. Remember to download the product research drop shipping spreadsheet from the resources center. In the next lesson, we will discuss how to spy on unsuccessful drop shipping stores to learn which products are selling well.
How I Found A $10k/Day Shopify Product In 5 Minutes!
Hey guys, it's your boy Jordan back with another ecommerce video. In this video, I am going to show you how I found a $10,000 a day product on my Shopify store. We will even be going out and finding one together live in under five minutes. I will go over the simple criteria that I look for in a winning product, the exact strategy I use to find these products, and how I validate them to ensure their potential.
Criteria for Winning Products:
- Products that are already selling well on Amazon or other dropshipping stores
- The opportunity to mark up the product for at least three times the cost
- Room for improvement on existing competition
- Products that improve the quality of the customer's life
Steps to Finding a Winning Product:
1. Go to Amazon and click on Best Sellers, then Movers and Shakers.
2. Pick a category (Baby, Beauty and Personal Care, Health and Household, Home and Kitchen, Electronics).
3. Look for a product that fits the criteria for winning products.
4. Validate the product on Google Trends.
5. Find the product on AliExpress and determine the price range.
6. Search on Google to see if there are people selling the product for the same price point.
That's it for today's video on how to find a $10,000 a day product for your Shopify store. Remember to follow the four criteria for winning products and follow the steps to find a winning product. If you're interested in more content like this, give me a thumbs up and hit that subscribe button down below. Thanks for watching!
The Only Dropshipping Product Research Guide You'll Ever Need.
out the score for this category. Ease of use received a 9 out of 10 because although it requires a bit of learning, these platforms are generally easy to navigate and use. Speed received a 8 out of 10 because it can take some time to sift through all the ads and stores to find a winning product. Overall, the paid method received a score of 37 out of 50.
Now on to method number three, which is what I like to call the collaboration method. This method involves reaching out to creators on TikTok who are already promoting products and collaborating with them to sell products. You can start by searching for creators in your niche or related niches and then reaching out to them with a collaboration proposal. Here are some key points to keep in mind when reaching out to creators:
- Be professional and clear in your proposal.
- Explain how the collaboration will benefit both parties.
- Offer a fair compensation for the creator's time and effort.
- Provide a clear outline of the collaboration process and expectations.
The collaboration method received a score of 35 out of 50 in our ranking system. Cost received a 10 out of 10 because it can be very affordable to collaborate with smaller creators. Product received a 12 out of 20 because collaborations may not always result in finding winning products. Ease of use received a 7 out of 10 because it requires some effort to find and reach out to creators. Speed received a 6 out of 10 because collaborations can take some time to set up and execute.
In conclusion, finding winning products to sell on TikTok dropshipping requires creativity and persistence. The organic method, paid method, and collaboration
How to select Winning product for dropshipping
Drop Shipping: How to Find the Best Products for Your Online Store
Drop Shipping is a lucrative business model that allows you to run an online store without managing inventory. However, finding the right products to sell can be a daunting task, especially for beginners. In this article, we'll show you how to find the best Drop Shipping products for your online store.
1. Use a product research tool:
A product research tool can help you evaluate an item's potential based on data points like current order volumes, sales history, and the number of Shopify stores selling this product. Some of the best Drop Shipping product research tools include Sell the Trend, Niche Scraper, Ecomhunt, and Allah Shark.
2. Research the market:
Conducting market research can help you identify trends, understand consumer demand, and identify potential opportunities for success. Use tools like Google Trends to identify consumer search behavior and social media to understand what products consumers are interested in.
3. Competitor product research:
Researching your competitors can help you stay ahead of the game and remain competitive. Look at their pricing strategy and identify potential new products that they will sell.
4. Research product hashtags on TikTok:
Product-related hashtags on TikTok can give you ideas for your store's inventory. Spend time on videos with the most engagement and avoid products with fake comments.
5. Join online communities:
Joining online communities like Facebook groups, Reddit communities, and online forums can help you find product ideas and connect with other entrepreneurs. Attending trade shows can also be a great way to find new and innovative products.
Finding the best Drop Shipping products for your online store requires research and patience. By using the right tools, researching the market, staying ahead of your competitors, and joining online communities, you can build a successful Drop Shipping business and generate unlimited profits.
How to select products for dropshipping?
In this article, we will discuss how to select products for drop shipping to ensure a successful business. Proper product research and strategic planning are important factors in analyzing a product category to export to drop shipping.
Tips for Finding Drop Shipping Products:
1. Browse online stores: Observe e-commerce stores and see what they are selling. This helps you identify products that are popular and those that are not.
2. Explore communities, sites, and pages on social media channels: Check out Facebook shopping and back pages, as well as other social media platforms like Instagram. This will give you a good understanding of what products are most loved by customers who share common interests.
3. Explore local markets: Different regions have different types of markets, so explore lucky markets industries and other markets in your area.
4. Work with foreign suppliers and manufacturers: Consider working with new suppliers and manufacturers, and determine the price range for your products.
5. Focus on manufacturing and developing products: Work with manufacturers to secure products and develop a short supply chain.
Selecting the right products is crucial for a successful drop shipping business. By following these tips, you can find the best selling products and ensure that your business thrives.
Shopify: How I Found A $1M Dropshipping Product In 10 Minutes (Product Research)
How to Find Profitable Products for Your Shopify Store
In this article, we will discuss the best ways to find profitable products to sell on Shopify. We will cover techniques such as using free tools like Ecom Radar, leveraging Amazon's Movers and Shakers list, and using Jungle Scout to see how much money a product is making.
1. Use Free Tools Like Ecom Radar
- Ecom Radar is a free tool that shows ads on Facebook and gives ecommerce product ideas.
- Look for products that are not gimmicky and would be valuable to customers.
- Always get samples before ordering in bulk.
2. Leverage Amazon's Movers and Shakers List
- Amazon's Movers and Shakers list shows products that are trending and gaining sales rank.
- Use common sense when deciding if a product is worth selling long-term.
- Look for products with a wow factor to make customers stop scrolling through Facebook ads.
3. Use Jungle Scout to See How Much Money a Product is Making
- Jungle Scout is a tool that shows how much monthly revenue a product is making on Amazon.
- Look for products with a decent traffic rank on Alexa.
- Look for products with a low number of reviews on Amazon to avoid competition.
Finding profitable products for
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