Hello, and welcome to the next article in my drop shipping training series, ‘Drop Shipping and Choosing the Best Products to Sell’. If you got here without seeing the first article in the series, please click here to read that one first.
In this blog post, we’re going to look at choosing the best products to sell. Actually, you’ve probably thought about this already. In fact, it was probably the idea of selling a particular product that made you think about going into selling stuff online in the first place.
Choosing the Best Products to Sell
I have no idea what the statistics are but I reckon just about every successful drop shipping business started with a bored office worker having a ‘eureka’ moment while staring into a computer screen. But was your original product idea the best idea? And if not, what is a better process for choosing the best products to sell.
I’m not going to overdo this article so if you want to read a more in-depth article on what to sell, click this link. If there’s no link, click this one.
In general, this is what you’re looking for when choosing the best products to sell:
There’s a Profit
I think this one should really go without saying. Don’t forget that you need to allow for shipping and packaging, and the marketplace fees.
There’s a Demand
Just because you think that a product will sell like hotcakes, it doesn’t mean it will. You need to make sure that the product you want to sell is actually in demand.
There’s Not Much Competition
There should be competition. If there isn’t, it would suggest that there is no demand for your product, unless it’s brand new, of course. But you don’t want too much competition, especially if there is limited demand.
How to Choose a Product to Sell
Obviously, there are the three factors above that should be considered. However, there are other factors I recommend you think about.
If you’re selling things that you have an interest in, you will be more likely to keep going, when you might give up if you have no interest in it. Plus, if you know what you’re talking about, your customer care and business decisions will be better.
You’ll need to think fairly deeply when you have identified a product. Unless you are selling something no one else is, your topic can’t be too big. Try and think about smaller products related to your product. The more specific your product, the better.
You don’t want to try selling something that’s already selling well. However, that doesn’t mean you can’t sell related or complementary products. As an exercise, you could look at bestsellers on Amazon, eBay etc. and then think of products that relate to them.
Market research is extremely important and you really can’t mess it up. You can either do it yourself or you let SaleHoo Labs do the hard work for you. All you need to do is set the filters how you want them and you’ll find a great product to sell.
Of course, there are thousands of great products selling hundreds of products each week and even each day. The problem is if it is a best seller, I am afraid you’re probably too late. You’ll need to learn how to spot trends or sell periphery items to ride the waves of the success of the product.
If you’re looking for products that are always selling well, check out the list below. Find something fun and funky, or something that not many other people are selling but looks good, and you could be on the road to something big.
– Sports Accessories
– Kitchen Supplies
– Pet Supplies
– Baby Supplies
– Outdoor Accessories
Wrapping It All Up
Obviously, this is not meant to be a masterclass on drop shipping. However, if you want a masterclass, SaleHoo has one. Check out all SaleHoo has to offer by clicking this link.