What makes dropshipping successful?
Dropshipping success is driven by impulse buying. That’s because, when you market your products, you need prospective clients to make an instant decision to buy it.
You may have to test out multiple products to find a clear winner.
Picking products from trending niches is a great way to hack this process without costly and time-taking testing.
1.) Power Tools
Power tools is a major trending niche.
The global power tools market is expected to grow at a 4.2% compound annual growth rate (CAGR) from 2020 to 2027. Considering that the market size stood at USD 32.3 billion in 2019, you can expect massive sales in this niche.
Various examples of the best power tools include:
2.) Electronics and Accessories
The tech industry has grown tremendously in the last decade.
Between 2018 and 2019, the industry witnessed 27.3% year-over-year growth in new business formation, based on the State of Swyft Industry Report.
Many new and exciting products come out frequently. And many buyers want to own the most up-to-date products. Besides, massive seasonal promotions make such products the best items to sell online during Christmas and other holidays.
Here's a sample of some of the best tech products you can try selling on your store:
3.) Lifestyle Products
The lifestyle niche is particularly valuable since it targets high net-worth individuals with disposable income.
The UK’s premium lifestyle market is expected to grow to US$ 11.87 Billion by 2023. That is a remarkable growth from a valuation of $9.75 Billion in 2018. And the future is even brighter, since it’s estimated to grow at a 3.8% CAGR.
In this niche, you have the potential of earning a six-figure income. You just need to identify the most lucrative products and promote them with enticing ads and strategic marketing tactics.
Various Notable Lifestyle Products Include:
4.) Beauty and Health Products
In 2019, the beauty industry was valued at $532bn.
Surprisingly, they don’t always need to be positive.
Due to the industry growth, established stores are expanding their beauty product lines. For instance, the UK H&M's beauty product line increased by 94.8%, from 2018 to 2019. Net-a-Porter, a luxury e-commerce company, also increased its beauty inventory by 26%.
Beauty products have a long track record of delivering massive profits.
Best of all, this niche offers an extensive array of products to choose from, including:
5.) Fitness Products
The total fitness industry revenue jumped up to an estimated $94bn in 2018 from $87.2bn in 2017, according to the IHRSA (the International Health, Racquet & Sportsclub Association) report.
Such a massive growth is a clear indicator of the potential profits in this niche.
Selecting the right products can deliver incredible results.
Here are some fitness products to consider:
How and Where to Find the Best Dropshipping Products
When you know exactly how and where to find the best dropshipping products, you can find many more products than the ones listed in this article.
So, here’s how to figure out the best products:
But where do you find such products?
Aliexpress and Alibaba are valuable platforms to find just the right products. You need to identify a reliable supplier through such platforms, so you can get consistent quality.
With dropshipping becoming such a popular option for online sellers we are also beginning to see dropshipping specific suppliers start to become more popular. Most of these suppliers are regional, only servicing a handful of countries, however they are much for transparent and reliable than the suppliers you may find on AliExpress or Alibaba. One great example of this is BigBuy.EU, which is a great option for dropshippers looking to source and dropship products in European countries.
You also need to identify products that have a proven track record of delivering massive sales. You can either do that by manually searching through hundreds or thousands of products, or simply automating the whole process using E-sniper.
E-sniper is arguably, the best app to track dropshipping products.
This tool helps you research through tons of products to find the hottest, top-trending, and viral products. You can try it out for just $1.
Find untapped winning products and start dropshipping today!
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