How to Start a Dropshipping Business | 5 Simple Steps

#1. Find Your Niche and Products

Go to the top Quick look! Finding a recess is helpful for connecting with a target audience, and for sourcing relevant products. Niches are crucial, but products are even more vital for the success of your dropshipping business. Do market inquiry, find ways to add value, and think about what sorts of customers you want to attract to your storehouse. This is the first step, and arguably the most crucial – thus don ’ metric ton skip it ! It seems that most guides about starting anything begin with “ Find your niche… ” – and dropshipping is no unlike. Finding your niche is authoritative because it helps you narrow down your target audience, and the types of products you ’ ll be focusing on. It can even have a considerable impingement on the achiever of your dropshipping business in the long rivulet.

There are versatile ways to approach niches – you can either jump on hot trends, or choose more long-run, firm options. Bet you can guess which one we most recommend ! Hot trends are fine for short-run wins, but they ’ re superintendent competitive, can come with reduced prices, and don ’ deoxythymidine monophosphate end very farseeing. You ’ re better off choosing a niche that systematically delivers, and gives you repeat customers. Lewis Smith besides advises newly dropshippers not to focus excessively much on promptly wins :

“ Beginners should be focusing on choosing a long-run niche commercialize with consistent demand and supplier handiness, at a high enough price point, with competitive 1-2 day rescue times. ”

So how do you go about picking a profitable niche?  well, it ’ sulfur always a good theme to carry out some research – and there are batch of tools out there to help you get started. here are our exceed picks :

  1. Google Trends – this handy tool shows you how popular certain search terms are over time. You can even view search interest by region, and compare it to other search terms over time. Oh, and it’s free!
  2. SEMrush – even if you don’t use this for narrowing down your niche, this is a great all-rounder to help you stay on top of your marketing. From keyword research to its market explorer, SEMrush is a powerful asset for any business.
  3. Google Keyword Planner – this popular tool helps you decide which keywords you should target, see how often certain keywords are searched, and discover new relevant keywords to explore.
  4. Kickstarter – it’s free, it’s easy, and it’s another great way of finding trending products. You can search by category and region, and it shows you which products are taking off – making it a more specific step up from Google Trends.
  5. Trend Hunter – a huge online community dedicated to sharing market trends. It’s the world’s largest trend community, and with 20 million monthly views, you’re sure to be in good company – and find some shiny new ideas for your business!

You might already have an theme of what you ’ ra looking for, but if you don ’ triiodothyronine, then it can be heavily to find direction amongst all those trends. If you ’ ra struggling to get started, we recommend trying to find a niche that combines profitableness with your passion. That room, you won ’ t end up bankrupt, or bored out of your take care sell products you have zero pastime in ! To find a niche you ’ rhenium passionate about, ask yourself :

  • What products do you buy the most? 
  • Which websites, blogs, and stores do you visit most often?
  • Are there any social media pages you particularly enjoy?
  • Do you collect any products? Anything you buy over and over?

Make sure you combine passion with research, though – once you’ve narrowed down your niche, check that it’s profitable using the tools listed above. To help, we ’ ve done some dig and found some of the most profitable niches that are set to keep growing. We looked at the most profitable ecommerce markets, such as manner, electronics and media, and furniture – as shown by Statista. Within these markets there are categories such as footwear, books, or family appliances. It ’ randomness within these categories that you ’ ll find niche products to sell. Below you can see a dislocation of each market, and their expected growth between now and 2024 :markets and growthHere you can see the most profitable ecommerce markets and their growth between now and 2024. According to Statista, fashion is the highest value ecommerce market in 2020, at a whopping $717,440 million. That ’ sulfur set to grow to over $ 900 billion by 2024, making manner a pretty profitable marketplace ! But which categories should you be finding products in ? We analyzed the data and found the top three categories that are set to grow the most between now and 2024 :

  • Bags and Accessories: expected to grow by 10.8% to reach over $200 billion
  • Household Appliances: expected to grow by 9.7% to reach over $190 billion
  • Apparel: expected to grow by 8.7% to reach over $640 billion

popular nichesAccording to Statista, the three categories that are set to grow the most between now and 2024 are bags and accessories, household appliances, and apparel. other promising categories include Toys and Baby, Food and Beverages, and Hobby and Stationery – which includes things such as books and selling on-line novelties. The class with the lowest predict growth is Footwear, which is lone expected to grow by 4 % over the adjacent four years. FROM THE EXPERTS how to start a dropshipping business raitis headshot“Try to choose products that people buy repeatedly. When someone buys a canvas, he or she probably won’t need another one for a very long time, if ever. T-shirts, however, are often re-purchased on a regular basis.” “ Try to choose products that people buy repeatedly. When person buys a canvas tent, he or she probably won ’ t need another matchless for a very long time, if ever. T-shirts, however, are much re-purchased on a regular footing. ” Raitis Purins, Head of Marketing at Printful

Dropshipping app Oberlo besides carried out research into the most popular niche categories. It identified the 10 best categories, and drilled down into the highest-performing niches for each one. For example, it showed that women’s clothing and accessories was the top dropshipping category – and that within this class, the niche that received the most amount of orders was lingerie. The Oberlo report is decidedly deserving checking out to help you narrow down your recess even further ! once you ’ ve found your recess, you can start sourcing products. Ricky Hayes, a successful seven-figure dropshipper, had some knowing words about picking your products : FROM THE EXPERTS how to start a dropshipping business ricky hayes“Honestly, the key to standing out from others is having something new to the market that is going to blow them away. From all the stores I own, the people I mentor and clients I’ve helped, I see a common thread – the products that generally do best in the short, medium, and long term are ones that are:

  1. Solving problems
  2. Unique
  3. High quality

“ Honestly, the key to standing out from others is having something raw to the marketplace that is going to blow them away. From all the stores I own, the people I mentor and clients I ’ ve helped, I see a common thread – the products that broadly do best in the short, medium, and long terminus are ones that are : These are the traits I look for when I promote a merchandise, because people buy more on a need than a want in most instances. When you look at a intersection, picture the hearing – picture their sex, picture their age, picture them using the item, and visualize if it has mass appeal… ” Ricky Hayes, Entrepreneur & Dropshipper Here are some top tips for finding the perfect products for your dropshipping business: 

  1. Identify any current trends. Are there any hot products in your niche? Combining trending items with more steady ones is a good way of boosting sales.
  2. Carry out product research. Resources like Google Trends and Kickstarter.com are helpful for seeing what people are interested in.
  3. Find ways to add value. Can you increase your product’s worth yourself? Adding value can help you beat the competition – this could be through a unique guide to using or installing the product, for example.
  4. Think about your audience. Will your product appeal to hobbyists? Or businesses? Ideally you want to sell a product that people will come back for again and again, and that they can’t get their hands on easily in their local store.
  5. Don’t be afraid to stretch your niche… sometimes. We know we just spent ages helping you find your perfect niche, but hear us out. If you’re selling camping equipment, do you have to stick solely to camping stoves and tents? No! You could experiment with related items, such as beach towels, hiking boots, or cosy blankets. Start off small and see how your customers react.

It ’ mho worth dedicating clock time to finding the right products, as this will affect everything from your consultation to your supplier and beyond. We suggest starting with a niche by and large because it can make it easier to narrow down your products, and make surely you don ’ t end up with a random selection of items in your memory. FROM THE EXPERTS shopify user review emma headshot“I think that one of the reasons my dropshipping stores do well is that I focus on one product at a time. It forces me to really get to know the audience and learn what resonates with them. That way there’s a much higher chance that the product will perform well when tested. “ I think that one of the reasons my dropshipping stores do well is that I focus on one product at a fourth dimension. It forces me to very get to know the audience and learn what resonates with them. That way there ’ s a much higher prospect that the product will perform well when tested. A bunch of beginners seem to get glazed object syndrome – always jumping from merchandise to product and never actually spending adequate time on any of them. A split focus like that never produces well results for me. ” Emma Reid, Entrepreneur & Dropshipper If you want to sell your own products alternatively of sourcing person else ’ randomness, you might want to check out print on requirement dropshipping as an option choice.

Raitis Purins, Head of Marketing at Printful, says: “ The most popular product for print on need nowadays is besides the most dim-witted one – a black jersey. however, variety is constantly appreciated – we see that embroidery products like hats are getting attention. On top of that, we recommend exploring home and live products ( canvas and mugs are very competitive ) and athletic products ( with the growth of athleisure culture, there ’ s a progress demand for these items ). ” Before moving on, make sure you have:

  1. Found your niche
  2. Carried out product research
  3. Picked your products
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